A Search for Global Values by James Chanos

The presentation discusses several companies and their value stories, as well as the challenges they face. One of the companies mentioned is Hewlett-Packard (HPQ).

A Search for Global Values by James Chanos
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The presentation discusses several companies and their value stories, as well as the challenges they face. One of the companies mentioned is Hewlett-Packard (HPQ). It is highlighted that HPQ is trading at attractive valuations based on metrics such as forward P/E, forward EV/EBIT, and FCF yield. However, the company has struggled with acquisitions and has faced difficulties in its businesses related to PCs, printers, IT services, and servers/networking. The lack of a clear strategy, compounded by multiple CEO changes, adds to the challenges faced by HPQ.

Another company discussed is Facebook. While Facebook has experienced significant growth in its user base, there are concerns about its ability to monetize mobile products effectively. The presentation suggests that the growth in the use of Facebook through mobile devices may negatively impact its revenue and financial results. Monetization of mobile products remains unproven for Facebook.

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