I started buying shares of HPQ last year and now have 5,000 shares at an average cost of around $16 per share.
There has been far too much pessimism and an extreme amount of ignorance about HP's business. As an example, PCs made up just 10% of Q1 2013 profits yet HP is still widely thought of as just a PC company.
Anyway, I'm very bullish on HP given the innovative products they have been coming out with, some of which will begin to go into the market next quarter (project moonshot). By the start of 2014 HP will have a lot of new products out, many of which are game changers.
I think HP is also one of the best positioned IT companies in terms of "cloud". I have been extremely happy watching what HP is doing, particularly their public cloud, www.hpcloud.com
HP just had their channel partner conference and every article I have read on it has said that the channel is extremely happy with the changes to make it easier to sell HP products.
My outsider view is that HP's employees are pumped, HP's channel partners are pumped, and HP has a fantastic product line up that will start to go to market soon. This is a good combination!