Analyst: HP is worthless

Julie Bort for BusinessInsider:

HP this morning lost one of the few Wall Street analysts that was still giving it the benefit of the doubt. Sterne Agee analyst Shaw Wu downgraded his recommendation to neutral, telling us that HP’s balance sheet is so awful, the company’s stock is really worth negative $2.

Actually, less than worthless.

  • Peter Cohen

    So still worth more than RIM, right Jim?

  • It’s sad to see. HP used to be a great company before they got stuck in the commodity PC world’s race to the bottom. I work in a research lab where 30-year-old HP lab equipment is still running and rock-solid.

  • Mother Hydra

    Ugh, wish I’d given away the “gift” of HP stock I was given back in the day.

  • matthewmaurice

    Here’s to hoping that Apple will be the contrast to HP in the chapter on companies after the deaths of their founders in future business school textbooks.

  • Is your entire product portfolio derived from a Taiwanese contract manufacturer’s catalog who slaps your logo on the front bezel?

    Little bit.