Veteran Wally Weitz thinks at its current share price, the market is saying HP is broken. He sees a solid, albeit banged-up, tech giant with solid recurring cash flows in printers and services.
The priceat which the EFSF would pay for the debt is controversial, but most see it paying the currentmarketprice for the bonds, which is below face value.
That puts the consumer sentiment index at a level last seen in 2009, when Citi (c) was assumed to be bankrupt and the stock market fetched half its currentprice.