CHEAT SHEET Analysis: Will Blame Shifting Create a Positive “Catalyst for Hewlett-Packard’s Stock”?
One of the core components of our CHEAT SHEET Investing Framework focuses on catalysts that will move a company’s stock. Our recent analysis of the accounting scandal indicated shares of HPQ were in trouble. Now that a celebrity scapegoat is on the scene, HP has a chance to create lots of headlines claiming they will recoup most or all of their damages from Qatalyst, Autonomy’s owners, and any other parties who misrepresented the deal.
How Will This Affect Hewlett-Packard’s Stock?
Although this definitely does not make Hewlett-Packard a BUY, the blame shifting will help mitigate the downside in share price losses.
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