This firm produces printers and computers for personal use. It’s separate from HP Enterprise that produces technology for businesses.
Investing guru Warren Buffett recently purchased an 11.4% stake in HP for his holding company, Berkshire Hathaway. The purchase now makes him HP’s biggest shareholder. To be clear, Hewlett-Packard split its business into two divisions in 2015. Hewlett Packard Enterprise would sell servers and enterprise services, while HP Inc would sell PCs and printers. Warren Buffett opted to buy shares in the latter. On the day his purchase was announced, the HP share price spiked by 15%. Nonetheless, it has since come back down to a more reasonable price. With Warren Buffett’s impeccable track record of beating the market, I will be diving into HP’s fundamentals and prospects to determine whether I will be buying HP shares for my portfolio.