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MagicDiligence (< 20)

Magic Formula Links for 8/23/2011



August 23, 2011 – Comments (0) | RELATED TICKERS: HPQ , HRB , LPS.DL

In the Magic Formula universe today...

As Hewlett-Packard Turns...

Ink continues to be spilled around the drama that is Magic Formula stock Hewlett-Packard (HPQ). Most investors in the stock are understandably upset at the price decline and the seemingly always shifting priorities of the company:

Why Hewlett-Packard is the New Research In Motion

Hewlett-Packard's Acts Of Desperation

Others are believers in CEO Leo Apotheker's transformation strategy:

Hewlett-Packard is Undervalued, A Potential Buy

Hewlett-Packard is Still a Bargain Without A PC Business

There is even rumors that Samsung is interested in the PC business:

Samsung Interested in HP's Computer Business

My take? Even if it turns out to be the right move, this entire transition has been horribly botched. HP is unlikely to get significant value for the PC business by putting it on the flea market. The company should have taken a note from competitor Dell (DELL), who is executing a slower but more sustainable transformation. Speaking of Dell...

Market Infatuation with Revenue Growth Makes Dell An Excellent Value Opportunity

Hmm... that sounds kind of familiar...

H&R Block Selling RSM McGladrey

H&R Block (HRB) announced the sale of their business consulting arm, RSM McGladrey, for $610 million today. This puts the firm squarely back into their traditional tax services business, where they will face off against Intuit (INTU).

H&R Block to Sell Consulting Unit for $610 million

The Rest...

Some other articles I found interesting today:

Intel An Ideal Long-Term Hold

Lender Processing Services Responds to American Home - This "robo-signing" issue never seems to die for LPS. The stock has been horrible this year.

Lockheed Martin's Accidental High-Net Payout Yield - An interesting point in this article about how dividends combined with net share buybacks create a better environment for dividend hikes.

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