Dark Days Ahead for World’s Biggest Computer Maker Lenovo – Wall Street Journal

There is a fire sale on Lenovo shares, but investors risk getting burned if they pick them up.

The world’s biggest personal-computer maker’s stock has plunged of late, bringing this year’s loss to more than a third. Lenovo’s shares trade at 7.8 times forward earnings, according to S&P Global Market Intelligence, close to its lowest level since it went public in 1999. But this is no bargain.

First, consensus earnings…

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