After leading the tech boom, MSFT has fallen on hard times and has more than halved in price vs its all time high. It has been range bound since the tech bust and has oscillated between about $21 and $30. Recent profit report sent its shares falling again to about $24.
Delays with Vista (OS replacing XP) and the threat of Google has certainly contributed to the decline. The entry of Intel into Apple boxes has also been a cause of concern. On the positives, MSFT continues to be the popular choice in operating systems and office software applications. It also has a huge warchest that it can use to defend its market position.
Current PE is about 19. Yield is 1.5%. (from yahoo finance)
I am looking at MSFT as a good value pick at current prices. Opinions?