Is Microsoft Suddenly A Screaming Bargain?

http://seekingalpha.com/article/1563052-is-microsoft-suddenly-a-screaming-bargain?source=feed By Lou Basenese:

Talk about whiffing! Computing giant Microsoft (MSFT) reported results last Thursday, and it missed guidance for every single division.

Making matters worse, the company announced a $900-million write-down on the value of unsold Surface tablets because, well … they weren’t selling. Not surprisingly, investors hightailed it to the exits on the heels of such a “dismal” report, as Reuters described it.

At one point, shares dropped 12%, marking the biggest single-day sell-off for the stock since the dot-com bubble burst. We’re talking about $30 billion in market value – equal to all of Yahoo! (YHOO) – being destroyed in the blink of an eye.

Given all the carnage, it’s natural to wonder if investors overreacted – and, more importantly, if Microsoft is suddenly a timely contrarian investment. Not a chance! And here’s why, with a little help from some charts …

PC Sales: Down for the Complete Story »

via SeekingAlpha.com: Home Page http://seekingalpha.com