Current Price: ~ $42/share
Projected Yield: ~ 0.77%
I believe Hewlett-Packard Company ($HPQ) is fairly valued at $42/share on a cash flow valuation basis.
Hewlett-Packard manufactures and sells information technology products, and services to businesses and consumers worldwide. With the recent EDS acquisition, we estimate services will constitute about one third of sales, slightly similar to personal computers (30%) but higher than printers (20%) and enterprise storage and servers (13%). The remainder of company sales come from software, financing, and other corporate investments.