For text, yes.

How much do you print?
What do you print mostly?

Generally, yes, HP is excellent. I picked up an HP F4140 printer/scanner/copier awhile back for under $80 at Wal-Mart. It's an inkjet printer, but as with their laser printers (which are used at my work---one thing they actually do right) the text is sharp.

Pros/Cons:

Inkjet:
Pro
-Inexpensive unit
-Handles both graphics and text adequately

Con:
Cheaper units tend to eat ink like an Ethiopian at a smorgasbord.
Prone to smudging if ink isn't totally dry.

Lasers:

Pro:
Fast printing
Sharp text
Toner lasts a long time
Toner can be cost effective

Con:
Equipment can be expensive (B&W not so much, but color's aren't cheap)
Not as good for graphics
More complex, and subject to paper jams


I've thought about a laser, but I just don't do a whole lot of printing. My parents picked up a Brother black & white laser printer, which was likely due to my mom's teaching preparation. Now, they also have an HP Inkjet to do other printing here and there, so you might consider having a good inkjet alongside an entry-level black & white printer.