Bernard Tourillon, HPQ's President and CEO, posted 2 great posts recently on Agoracom. Worth a re-read and a repost:
Hi Guys,
First, let me say that as the owners of over 8 million shares of HPQ, I have noticed on my broker statements a spectacular reduction in my net worth over the last 12 months...
But, as this is not the first serious bear market correction I have experienced I am not worried and seeing the insane attempts by bashers to make a mountain out of a molehill, I just wanted to remind people that what I said on January 29 still applies today...
For those that forgot what I wrote, here is the link to that post...
https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion/topics/773238-a-few-comments/messages/2345322#message
While I would love to expand more on the subject, I have more pressing things to do, (like finishing the modification requested to COB by the TSX-V to name just one) so I will leave with the following though:
If, as the bashers claim, we really had nothing, they would not be wasting their time bashing us...
Regards
Bernard
Hi All,
Like most publicly traded tech innovations and green-tech stories, HPQ shares price has been under pressure lately, with a negative price trend since last year. Who could have guessed that during the first year following the election of the most anti-fossil fuel and pro-green-tech president, the best market performance would have come from dirty fossil fuel stocks, and that worst would have been from clean green-tech? Not me…
But what I do know, is that contrary to what basher and high-frequency trading with a short bias want to perpetuate, the share is not the company, and the company is not its share.
In fact, HPQ, the company, is in a much more enviable position now compared to where we were just 12 months ago, if that was not the case, I would not have increased my share ownership by 1,419,000 since June of last year…
By its nature, the market tends to go through cycles when it underprices the value of a company and then overprices the value of the same company, and the cycle repeats itself. Trying to judge the real value and potential of a company on just its share price and share movement is a fool errand, but that does not stop bashing trolls from affirming that on stock bulletin boards when the market corrects.
Regards,
Bernard Tourillon
CEO