#1 Worst Dow Stock: Hewlett-Packard
YTD Loss: -25%
Oh, where do I begin on Hewlett-Packard (NYSE:HPQ)? My post from 2011 about how HP embodies the worst of corporate America? My teardown of why the latest HP turnaround is just as doomed as previous efforts? Why CEO Meg Whitman is incapable of fixing this company? It’s hard to pick …
At any rate, it should be obvious to anyone who has watched the antics at this company lately that HPQ is one of the worst performers on Wall Street. The revolving door in the corner office over the last few years, the serial acquisitions and now another round of “restructuring” — are you surprised this stock has suffered?
Throw in the end of the PC era, the crowded enterprise technology space and general economic woes, and it’s no wonder that Hewlett-Packard stock is setting new 52-week lows every week, and currently challenging lows not seen since 2004.
And in case you think this is just a short-term trend: HPQ is off 56% in the past five years and 45% in the past 12 months.