This one is too cheap. I bought heavily in the last week. Hope I not wrong, but so far, so good.
The company will have $10 billion in cash flow next year, and probably $6-7 billion of free cash flow.
That mops up a lot of dumb moves they've made in the past, running up the credit card, and HP has indicated they are going to reduce debt by at least $4 billion in each of the next two years (minimum).
That makes me sleep better at night, regarding this one.