Under Mark Hurd, HP always seemed to best analyst consensus by a penny. The new CEO of HP is essentially saying Mark Hurd played accounting shenanigans, which has led to a lower outlook. If HP has indeed come clean and all the dirty laundry has been aired than the stock is stupid cheap, but who is to say that this is the end of the accounting issues. I have sold HP and taken a large loss on the position.
There are times when I lose money and it is not my fault. Sometimes one can bet on the higher probability outcome and shit happens. However, I believe that in this case I made a mistake. I was aware that Mark Hurd was that type of CEO and chose to ignore it. Have a good night.