Value Daze: Hewlett-Packard Meltdown Hammers Value Funds
Here's a headline you don't see every day: Tumbling tech titan trashes value funds.
| The Hewlett-Packard File |
| Operations |
| Business: Computer and imaging equipment and services |
| Stock Snapshot |
| 52-Week Range: $32.63-$78 |
| Percentage Change from Jan. 1: -11.5% |
| Market Cap: $77.4 billion |
| P/E Ratio: 24.1 |
| Source: Baseline and Morningstar. |
| De-Valued It may come as a surprise, but the fund category getting hit the hardest by H-P's warning is the value camp, not growth or tech | |
| Funds | % Owning H-P Shares |
| Large-Cap Value funds | 48% |
| Large-Cap Growth funds | 30 |
| Technology funds | 18 |
| Source: Morningstar. Holdings as of most recent portfolio reports. | |
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, according to Morningstar. But in recent years tech has led the market, motivating many value-fund managers to nibble at the sector's battered types. And H-P fits that bill with a 24.1 price-to-earnings
ratio nearly in line with the broader market and a 19% five-year annualized return that slightly trails the S&P 500. | Big Up, Big Down H-P has outpaced the market on the upside and downside in recent years |
| Funds With the Biggest Stake in Hewlett-Packard | ||
| Fund | Percentage of Assets in H-P | YTD Return |
| (SDOWX)Strong Dow 30 Value | 7.9% | -6% |
| Fidelity Exchange | 7.2 | -2.6 |
| (OFTDX)Orbitex Focus 30 D | 6.8 | -16.8 |
| (CNGRX)Fidelity Congress Street | 6.7 | 2.1 |
| (STFGX)State Farm Growth | 5.9 | -4.7 |
| (FLCIX)FTI Large Cap Growth & Income | 5.8 | -0.7 |
| (DGIAX)Davis Growth & Income A | 5.5 | -1.4 |
| Kenilworth | 5.3 | NA |
| (NYVTX)Davis NY Venture A | 5 | 5.7 |
| (MISEX)Midas Special Equities | 4.7 | -15.6 |
| Source: Morningstar. Performance through Nov. 13. | ||
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