What to say about Hewlett-Packard (NYSE:HPQ)? The company has been a poster child for mismanagement and complacency, with a revolving door on the CEO’s office and a spate of ill-advised acquisitions from Autonomy to Palm. But as the stock was gutted from around $54 in 2010 to under $12 a few months ago, investors started to wonder if things were finally turning around — or at least, whether things could get any worse.
Meg Whitman revealed a painful five-year plan back to success in October and the stock cratered, so it’s anybody’s guess whether this rally is a short-lived bounce or a sustained rebound that signals recovery at HP. But either way, if you bought in December, you’re now sitting on a very pretty profit in Hewlett-Packard stock.