01-25-2016, 03:20 PM
(01-25-2016, 10:19 AM)Kerim Wrote: And right on cue comes Tim McAleenan with some wisdom:
Quote:Now, it is almost certainly true that business performance at IBM–especially the 25% decline in revenues–has been worse than Buffett anticipated or desired. But, at a price of $122, it really does not take much to go right for IBM to work out as an investment. It makes $13.25 per share, for a P/E ratio of only 9.2. It still makes $13 billion in annual profits, putting it at one of the thirty most profitable firms in the entire world.
That's why I read Tim.