Should You Buy HP Inc. at Its Multiyear Low?
HP's (NYSE: HPQ) stock recently fell to a multiyear low after it announced that CEO Dion Weisler, who has led the company since its split from Hewlett Packard Enterprise (NYSE: HPE) four years ago, will step down in November to attend to a family health matter. He will be succeeded by Enrique Lores, the president of HP's imaging, printing, and solutions business.
That upcoming departure, along with a lower-than-expected earnings forecast for the fourth quarter, cast a dark cloud over HP's third-quarter report, which actually topped expectations on the top and bottom lines. Let's discuss what happened, and whether or not HP's stock is worth buying at these levels.
Image source: HP.
Source Fool.com
