BalkansCat HPQ Stock: Investment Thesis In summary, HP Inc. (NYSE:HPQ) is a solid company with stable margins in an industry with few players and limited growth, which doesn't attract new entrants. Over the years, HP’s invested capital has been decreasing, coupled with a rise in product prices, which consequently boosted its ROIC. My thesis is focused on the generous shareholder yield that HPQ stock will pay investors over the years due to the 100% cash flow distribution policy that the company has in p ...