Summary
- HP generates strong cash flows from its mature business with stable market share.
- It’s returning significant amounts of cash to shareholders through buybacks and dividends.
- It’s also making solid progress towards transforming towards efficiencies, and is attractively priced with a low P/E.
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For those who follow Warren Buffett, it’s always nice to be able to pick up a stock at a cheaper price than what he paid for it initially through Berkshire Hathaway (BRK.A)(BRK.B). This actually happens more often than not, and was the case for Apple (AAPL), which dropped (and since rebounded) after he initiated a position years ago.
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