According to a Wednesday Wall Street Journal report, computer
and printer maker Hewlett-Packard Company (
) has contracted financial services firm Goldman Sachs (
) to help protect the company against activist investors amid a
brutal company shake-up.
Reportedly, Goldman will advise H-P on defense strategies to
circumvent potential activist investor intervention. A so-called
"poison pill" strategy could be in the works to protect
shareholders from an outside investor's attempts to wrest control
of the company.
Goldman Sachs did not issue a comment on the story, while H-P
simply noted that it has relationships with multiple investment
banks for various purposes.
Hewlett-Packard shares rose 64 cents, or +2.8%, in premarket
The Bottom Line
Shares of Hewlett Packard (
) have a 2.07% dividend yield, based on last night's closing stock
price of $23.19. The stock has technical support in the $18-$21
price area. If the shares can firm up, we see overhead resistance
around the $25-$26 price levels.
Hewlett-Packard Company (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 2.9 out of 5 stars.
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, as well as a detailed explanation of
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