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.
Richard Saintvilus is a private investor with an information technology and engineering background and has been investing and trading for over 15 years. He employs conservative strategies in assessing equities and appraising value while minimizing downside risk. His decisions are based in part on management, growth prospects, return on equity and price-to-earnings as well as macroeconomic factors. He is an investor who seeks opportunities whether on the long or short side and believes in changing positions as information changes.

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