"HP this morning lost one of the few Wall Street analysts that was still giving it the benefit of the doubt. Sterne Agee analyst Shaw Wu downgraded his recommendation to neutral, telling us that HP's balance sheet is so awful, the company's stock is really worth negative $2.
The book value, when you look at it, says $16. But you have to take out the $36 billion in goodwill. They are going to write that off, the whole thing at some point."
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