Stock market view of printing industry in HP share price

The stock market  appears to have down grading  HP . "With supplies growth expected to be negative in both 2019 and 2020, and supplies now having declined at a 4%  since 2011, we worry that printing may be facing greater structural headwinds from the shift to digital and increased pressure from cloned/remanufactured supplies," one analyst  wrote.

Printing industry's largest supplier

"In short, there is a higher likelihood the printing business is a 'melting ice-cube'-despite myriad efforts by HP to improve the business-and the stock accordingly warrants a lower multiple."  The credibility has been "seriously undermined by having guided down supplies twice this year." HP shares have dropped 7.1% so far this year, as the S&P 500 SPX, +0.62% has risen 19%.