Hewlett-Packard (NYSE:HPQ) recently made waves with its poorly received analyst conference that laid out a painfully slow five-year turnaround plan. Shares slumped by double-digits this week to put HP stock down over 40% on the year.
But it’s not the only tech stock that has been beaten down and seeing trouble in a post-PC age. Dell (NASDAQ:DELL) is in deep trouble too, with DELL stock down over 30% year-to-date on poor earnings and weak guidance, and big-time chipmaker Intel (NASDAQ:INTC) is about 7% in the red thanks in part to the struggles of computer stocks like Dell and HP in a mobile age.
So are these tech stocks cooked? Is Apple (NASDAQ:AAPL) your only alternative among tech stocks?
I talked with Eddy Elfenbein, the editor of Crossing Wall Street and a member of the Stock Twits network. Ed’s free Buy List has beaten the S&P 500 for the last five years in a row — and according to him, Dell stock boasts a nice dividend and well-run operations.
That means Dell stock could be a value play… Just not yet.
Listen to the podcast by clicking the audio player above, or download it via the iTunes Store.
- “Sure, It’s Down But Is Dell a Buy?” (Crossing Wall Street)
- Why Meg Whitman and HP aren’t worth your patience (The Slant)
- Love the record dividends in tech? Well, beware this bearish signal (Bloomberg)
- Oh well, Dell hits another 52-week low today… (Austin Business Journal)
Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at firstname.lastname@example.org or follow him on Twitter via @JeffReevesIP. As of this writing, he held a long position in Apple.