Over the past 3 months shares of Hewlett-Packard have surged 30%. And the stock has been on a tear for most of the year.
Of course if you watch Fast Money all the time you knew that, already. Long H-P is a trade Guy Adami has been all over for months.
But five years ago, you would have been hard pressed to find this stock attractive. At the time H-P was in shambles. Former CEO Carly Fiorina had just been forced out and the company was struggling to digest its acquisition of Compaq.
But five years later it's a very different story. Today H-P is one of the most successful IT companies in the world. Revenue for the fiscal year starting Nov. 1 will likely total between $117 billion and $118 billion, according to Thomson Reuters.
"H-P's best days are ahead of it, not behind it," says CEO Mark Hurd
Hurd is probably a name you know – he’s very much the face of the company. But he has a secret weapon in the guise of Todd Bradley, an executive VP – who is largely responsible for Hewlett-Packard becoming the world's leading seller of PCs, edging out longtime rival Dell
In the PC segment, Bradley "has been able to do some incredible things with a division that most people thought, before he came on board, couldn't be fixed," says veteran tech analyst Rob Enderle. "He appears to be on a fast track."
In fact he’s lately been called the most likely insider to succeed Hurd one day, writes The Mercury News.