At current levels, the stock is not going to zero. Money can be made on HP if the stock reaches only the midpoint of its 52-week high. As down as the company might be, expectations are minimal. The company pays a decent yield at 3.50%. Patient investors might be rewarded, with a little bit of luck.
At the time of publication the author had a position in AAPL.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.