Hewett-Packard Co. has offered to buy Electronic Data Systems Corp. for 25.00 per share in cash. That transaction is expected to be completed by the end of the year.
Under those conditions, we would realize a 10% return in about 12 months from the original price of 22.75 mentioned on October 10, 2007 and a 30.4% gain over the updated comment on May 3, 2008 (10 days ago) when the stock was trading at 19.17.
Fortunate for those of us who were patient enough to hold on, not panic and apply a cost averaging approach during some tough times.
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Showing posts with label EDS. Show all posts
Showing posts with label EDS. Show all posts
Tuesday, May 13, 2008
Wednesday, October 10, 2007
EDS Crosses the Line
Electronic Data Systems (EDS) just crossed above its 50 day moving average, normally that's a bullish sign.
Electronic Data Systems Corporation delivers a portfolio of information technology and business process outsourcing services worldwide. The company offers infrastructure services, such as hosting, workplace (desktop), storage, security and privacy, and communications services.
Today, with the DJIA down 65.30, EDS is up .15 at 22.75, showing strength on a weak market day. Note that between 7/23/07 and 8/9/07 the value of the stock lost about 20% on heavy volume, a CEO change could make a difference in the price behavior. Enough for a reversal?
With an average daily volume of over 3 million shares, a P/E of about 18, today's price at a 24% discount from the 52 week high, and improved earnings over the past 4 years make EDS my choice for "Flavor of the Day"
Electronic Data Systems Corporation delivers a portfolio of information technology and business process outsourcing services worldwide. The company offers infrastructure services, such as hosting, workplace (desktop), storage, security and privacy, and communications services.
Today, with the DJIA down 65.30, EDS is up .15 at 22.75, showing strength on a weak market day. Note that between 7/23/07 and 8/9/07 the value of the stock lost about 20% on heavy volume, a CEO change could make a difference in the price behavior. Enough for a reversal?
With an average daily volume of over 3 million shares, a P/E of about 18, today's price at a 24% discount from the 52 week high, and improved earnings over the past 4 years make EDS my choice for "Flavor of the Day"
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