Hewlett Packard sharesxfell 13% on Thursday when CEO Whitman stated prospects gloomy. HP, a DOW30 member, now sells at a Pricr to Book ratio of 0.76. You cant find stocks selling at such low P/B ratios. Benjamin Graham would probably stop in his tracks.
Re: Say what????
This does not mean one should buy this. One should do own homework
Re: Say what????
Could be cheap or perhaps the market expects its book value to take a hammering.
Re: Say what????
^ Excellent point, Arshad. Will do my homework on this.