fbpx
QQQ
+ 0.00
341.24
+ 0%
DIA
-0.07
345.19
-0.02%
SPY
+ 0.05
424.26
+ 0.01%
TLT
+ 0.00
142.31
+ 0%
GLD
-0.04
175.78
-0.02%

Chanos Says Hewlett-Packard Is The Ultimate Value Trap For Investors

by
July 18, 2012 12:44 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Kynikos Associates’ Jim Chanos just told the audience at the Delivering Alpha conference that Hewlett-Packard (NYSE: HPQ) is the ultimate value trap.

Chanos says Hewlett-Packard is destroying value through all its acquisitions among other things.
Chanos was turned onto Hewlett-Packard after it paid a high premium for Autonomy. Chanos says a growth by acquisition strategy can be very dangerous.

Chanos did not give a price target, but he says Hewlett-Packard is in a declining business, it actually reminds him of one of his more famous shorts, Kodak.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

Jim Chanos Talks Long, Short And Ugly Trades

The SPY Was Down Today. Here's Why.

U.S. indices traded lower Tuesday amid a continued sell-off in equities, driven by selling in growth stocks and technology stocks. Inflation concerns have also weighed on stocks and further pressured growth sectors. read more

PreMarket Prep Recap: Looking Under The Hood Of The S&P 500 Index

PreMarket Prep Recap: Sector Rotation From Growth To Value And How To Analyze A Value Stock In Play