When Buffett buys, the market listens
And now, by loading up 121 million shares of HP, Berkshire has become its largest shareholder with an 11.4 per cent stake.With a market cap of around US$41 billion, HP isn’t nearly as big as Buffett’s other major tech holding,
In March, HP announced that it would acquire video and voice solutions company Poly in an all-cash transaction valued at US$3.3 billion. The move should accelerate HP’s growth strategy, helping it build a leading portfolio of hybrid work solutions.Article content It’s also buying back its shares: In fiscal Q1, HP spent US$1.5 billion of cash to repurchase approximately 42.6 million shares of common stock.Due to growing investor interest, many tech stocks have rallied significantly in recent years, pushing their valuations to uncomfortably high levels.investment purchasesDespite the multi-year rally in tech, HP has a price-to-earnings ratio of seven.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Why chief ESG officer at Verizon wants to keep sustainability reports laser-focused on key metricsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Lire la suite »
Elon Musk's bid for Twitter spells trouble for Tesla investors --- here's whyOPINION: The attempted Twitter takeover is yet another example of Musk bullying his way into what he wants and underscores how his superstar status cannot always convince people to overlook his irreverent, reckless and potentially illegal behavior.
Lire la suite »
3 Reasons Why XRP Is Among Market Leaders with 7.6% PumpXRP leads the day on cryptocurrency market as demand for global payment tool rises
Lire la suite »
At TED, Elon Musk Revealed Why He Has to Own TwitterThe Tesla CEO made his case for buying Twitter—and rewrote his own history.
Lire la suite »
Fiat showed the 500 Electric, here's why it should sell it, tooFor some reason, the Fiat 500 Electric showed up at the New York Auto Show. And we think Fiat should consider selling it in America.
Lire la suite »