Investors still shunning HPOctober 4, 2012: 12:47 PM ET
Hewlett-Packard extended the previous day's decline, after getting hammered on Wednesday. The stock has had a rough year, sinking more than 40% so far. That makes HP the worst Dow (INDU) performer by far this year.
In fact, it's been a tough couple of years for HP as the company struggles to stay relevant in a mobile world that's being led by Apple (AAPL) and other phone/tablet makers.
Rumors of takeovers and acquisitions are keeping investors on edge as CEO Meg Whitman tries to right the ship.
StockTwits lit up with comments about HP's fate.
In all fairness, Whitman inherited a bit of a mess. Leo Apotheker, her predecessor, only lasted 11 months. And he was HP's third CEO in seven years so clearly the company has had a crisis of confidence at the top.
So maybe it's time for some tough love.
No pain no gain. Someone needs to take hold of the reins here and get HP moving forward. No one likes to hear that a company is going to earn less than they'd hoped but Whitman is banking on investors giving her a chance.