Forever remaining skeptical on most business stories from The Economist, Think Billion$ thought the socialist business magazine went a little over the top with its recent denouncement of Meg Whitman (The Economist Hates both Meg Whitman and HP).
Rich Karlgaard, publisher of Forbes and Silicon Valley insider, understands the dynamics of HP differently (Whitman Is Not Jobs, But HP Is a Buy. Forbes, December 19, 2011, p. 40):
"Even if you remain skeptical about Whitman, HP is a buy on the price. Consider that IBM and HP have comparable revenue numbers, yet IBM is worth $220 billion. Warren Buffett plopped $10.7 billion into IBM at this valuation. HP is worth $56 billion. It's dirt cheap. For all of HP's problems, the company still generates about $10 billion a year in free cash flow. A modest multiplier of ten times cash flow would get HP to $100 billion."
The Think Billions blog continues to wish Meg Whitman well at HP.
