12-12-2013, 10:45 AM
So I'm reading a lot of praise for IBM as a dividend growth stock. And I want to get excited about it, but I am having trouble. Can someone please explain the thesis? The yield is ok, I guess, but really not exciting. Is the idea that it is a huge value at today's prices?
My real concern is about its competitive advantage. It is an IT services company now, essentially, right? Is there a moat to speak of? Why is everyone so comfortable saying that IBM is going to be able to grow earnings in the long term going forward?
My real concern is about its competitive advantage. It is an IT services company now, essentially, right? Is there a moat to speak of? Why is everyone so comfortable saying that IBM is going to be able to grow earnings in the long term going forward?