How to Buy a Company Like HPQ

For me, a player like HPQ is more like a cyclical company. So I expect them from time to time to not necessarily straight away make a loss but when they're like economic stress to not sell a lot. And for me, HPQ makes the cut. Although I believe that what we have seen over the last four, four years, let's say, they're aggressive buyback also a lot via debt. In my opinion was actually quite smart. If you looked at the multiples at the time, I think they have been doing a textbook example of smart buybacks at the time. But again, my investment thesis was around a strong cash flow generation and their ability to