Their new businesses are set to spur your gains

Article Excerpt

On November 1, 2015, the old Hewlett-Packard Co. split into two firms—Hewlett-Packard Enterprise and HP Inc. For every share they held in the old HP, investors received one share in each of the new companies. Since the split, investors in HP Enterprise are up 91%, while HP Inc. investors have gained 22%. That strong growth is poised to continue, but may slow in the short term as both firms work to integrate their recent acquisitions. HP INC., $17, is a worthwhile hold. Following the spilt from the old Hewlett-Packard, the company (New York symbol HPQ; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.6 billion; Market cap: $27.2 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.8%; TSINetwork Rating: Average; www.hp.com) now focuses on making personal computers and printers. To cut its reliance on selling hardware, HP is building up its services operations. In November 2018, it acquired Apogee Corporation for $478 million. Based in the U.K., that firm helps corporate clients in Europe better manage their…