12-15-2015, 02:39 PM
Just re-read this thread and thought it would be fun to dust off. We were debating IBM's merits when the share price was "hurting" in the $160s and $170. Well, here we are in the high $130s!
As I've held my shares (my average price is about $151, and it is not a large position), I've gotten more comfortable with the stock and with the financial engineering. Even if they never turn things around, shareholders can be greatly rewarded for years to come. Of course that's not true if your capital is decimated, but I'm more positive about their future than some.
On that note, I recently read this very interesting article about IBM's moonshots. This is not the basis for my optimism, but it is nice to daydream.
I'm considering adding some more to average down my price further still.
As I've held my shares (my average price is about $151, and it is not a large position), I've gotten more comfortable with the stock and with the financial engineering. Even if they never turn things around, shareholders can be greatly rewarded for years to come. Of course that's not true if your capital is decimated, but I'm more positive about their future than some.
On that note, I recently read this very interesting article about IBM's moonshots. This is not the basis for my optimism, but it is nice to daydream.
I'm considering adding some more to average down my price further still.