The stock is one of his favorites in the current market conditions. The technology stock is still pricey, despite its depressed valuations, according to Mitch Ratcliffe of the Petkevich Group. The company will show a loss for at least 3 more quarters, including the current one. In addition, relative to competitors IBM, Dell, H-P, and Compaq, the company still trades at a substantial premium. The stock has the capability to reach its Sept. lows, as fundamentals fall.
Shares clearly have nowhere to go, but up.
However, investors can find better opportunities to get on board.