HP Inc. CEO Enrique Lores told CNBC’s Jim Cramer on Monday that the company is keeping its stock buyback program in place, contending it remains a good use of corporate cash even with shares up 18% over the past 12 months.

“We continue to believe the value of our shares is undervalued, and, therefore, that buying HP shares is a good investment for investors,”网页链接 Inc. shares trade at 8.1 times forward earnings, according to FactSet, which is below their five-year average of 9.4. The stock also supports a 2.9% dividend yield, based on Monday’s closing price.$惠普(HPQ)$