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Is HP Stock a Buy? | The Motley Fool


Last October, I said it was a bad idea to invest in
HP (NYSE:HPQ) because its rising PC sales were temporary and its printing business was stuck in a secular decline. I said the tech giant was treading water with buybacks, and its weaknesses would eventually overwhelm its strengths.
But since I wrote that article, HP s stock price has rallied nearly 70% as the
S&P 500 has advanced less than 20%. Let s see what I got wrong, and whether or not it s too late to buy HP after its surprising gains.
Has HP overcome its biggest problems?
HP generated 69% of its revenue from its Personal Systems business, which sells notebooks, desktops, and workstations, in fiscal 2020. The remaining 31% came from its printing business, which sells printers and supplies. ....

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