Jim Cramer Says HP Buybacks Cannot Hide Weak Results

HP Inc. (NYSE:HPQ) is one of the stocks Jim Cramer highlighted recently. Cramer mentioned that the company keeps missing quarters, as he commented:

“Oh, and then there’s another one, don’t tempt me, it’s HP, the printer and PC company that’s bought back 6% of its shares on average. No thanks. See, it keeps missing the quarter. A buyback can’t cover up these kinds of snafus.”

HP Inc. (NYSE:HPQ) provides personal computing devices, printers, 3D printing, and related technologies, along with services for hybrid work and gaming. In an April episode, when a caller inquired about the company, as they wished to invest in 3D printing, Cramer responded:

“It will not be the needle mover for HPQ, and I do not like the PC business. So I’m going to have to suggest that you do not buy that stock. If you look at how it’s done, it’s not been a good one.”

The company stock has gained over 14% since the comment

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Disclosure: None. This article is originally published at Insider Monkey.