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From: Zen Cycle <funkmaster@hotmail.com>
Newsgroups: rec.bicycles.tech
Subject: Re: Cycling editorial
Date: Thu, 6 Jun 2024 07:37:31 -0400
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On 6/5/2024 9:31 PM, Jeff Liebermann wrote:
> On Wed, 05 Jun 2024 23:15:26 GMT, Tom Kunich <cyclintom@yahoo.com>
> wrote:
> 
>> Your opinion of HP might very well be true. But because the market tracks inflation, today HP is worth 3 times what it was in 2019. This means that they have been holding their value. I hope you put some of your money in their stock.
> 
> In 2019, HP stock was worth about $20.  Today, it's worth about $35.
> That's a net increase of  35 / 20 = 1.75  times in the past 5 years.
> If HP was really "worth 3 times what it was in 2019", then it should
> now be selling for $60/share.
> 
> 

What I _should_ have done was leave my Agilent shares alone. As I 
mentioned previously, HP is a shell of its former self. When the Agilent 
split happened, all my HP were converted to Agilent 1:1, IIRC the shares 
were in the $25 range at the time. We weren't given a choice for the 
options, but were asked of we wanted to keep owned-shares of HP or 
convert them. Given my distaste for what the Fiorina regime did to HP, I 
chose to convert. Finally, ~15 years after I had been laid off, I was in 
a review with my financial planner and we noted the lackluster 
performance of Agilent, so I sold it all and invested in a mutual fund.

Converting everything to agilent was a good move, selling it all 
later....Bad move.

 From 2019 on, Agilent has been performing brilliantly, going from ~ 
$25/share when I sold to the mid 100's ($133 as of this message). HP is 
still only in the $30 range. Given over 20 years of inflation I would 
have lost money if I left any in HP. Still, the mutual fund is doing 
well and I've made reasonable gains - well more than if I left it in HP, 
but not as well as if I had left it in Agilent.