Jim Cramer Says Stay Away From HP Despite Sexy Dividend

Jim Cramer says HP should've acquired Lexmark when word first surfaced that the company was up for sale.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said HP (HP) - Get Report should've acquired Lexmark (LXK) when word first surfaced that the company was up for sale. Instead, Lexmark announced on Tuesday that it had inked a deal with Chinese buyers for $3.6 billion. Cramer said, 'I thought that HP should've bought this. I think you have to stay away from HP, even though the dividend seems sexy.'

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.