HP Inc. outlined its plan to pivot its printing business model to focus on monetizing hardware.

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A new $1 billion restructuring plan will provide cost savings and streamline operations. Restructuring will unlock cash to be re-invested into long-term opportunities such as 3D Printing. HPQ shares are trading at attractive levels; assuming EPS hits the upper end of guidance, an ~11X multiple would provide 51.9% upside. HP Inc. ( HPQ ) unveiled its latest medium-term strategy in the recently concluded Securities Analyst Meeting.

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In particular, management detailed its latest major change in its printing business model – moving away from the traditional “razor/razor blade” approach towards a focus on “system” profitability that better monetizes the hardware installed base and its related services. Along these lines, the company disclosed a new $1 billion restructuring plan to limit the negative impact of the shift in the printing business model, and […]

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