U.S. Dollar Advances Ahead of European Stress Tests, Debt Ceiling

by Lucas Scholhamer John Paulson founded his hedge fund, Paulson & Co., with little more than $2 million in 1994. Nearly 17 years later, after making billions in 2008 from correctly predicting the downfall of subprime mortgages, the company's assets under management total approximately $30 billion. Paulson himself has earned his spot as one of the richest men in the world, with a net worth upwards of $16 billion. We took a look at some of his newest buys: Hewlett Packard (HPQ): The tech giant, founded in 1939, is now one of the world's largest information technology companies. Paulson currently holds 25,000,000 shares, equivalent to about 3% of his portfolio. With a market cap of $73.2 billion, HP stock fell 3.13% to $35.29 at the time of writing, continuing to decline off its YTD high of $49.39 back in February.It also offers a P/E ratio of just 8.7 along with a dividend yield of 1.32%. I think that John Paulson made a good move in his purchase of HP stock.In data centers nationwide, HP and Dell (DELL) servers have become the accepted industry standards, and both have fiercely loyal followings.HP is making waves with its move into the switch market, giving switch-giant Cisco Systems (CSCO) a run [...]

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