With so many attractive alternatives among IT companies which face short-term, business cycle issues and/or fiscal cliff panic, why bother with HP's seemingly endless list of self-inflicted wounds which might take years to fix.Answer: entertainment value!At 0.1% of my portfolio I can afford to take a flutter.I went for $13 call options at $1.45. By fat the most likely outcome is that I lose $145.If they go back to their 52 week high I make $1555. As I say, pure entertainment value.Plus, it's faintly possible that they will have a very different reputation in a year.Maybe flattish revenue but rising earnings & share price and a secure looking dividend.Weirder stuff has happened.With hindsight the main problem with the acquisition was clear:you can't successfully take over a company called "autonomy".Jim
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