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IBM
#1
What's everyone's take on IBM?  Uncle Warren owns it, which matters to a lot of people.  I've owned it for many years, which doesn't matter to anyone.  It's clear that revenue growth is going to be a challenge for this behemoth.  Just curious what others think of IBM.

http://seekingalpha.com/news/3173705-ibm...w-guidance

http://seekingalpha.com/news/3173730-ibm...t-tax-rate
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#2
I have a half position and I'm a little upset with myself for not upping to a full position when it was around $118 per share. This is a big company with big ideas and it's acting on those points rather then remaining idle, even though it's EPS's have been taking a hit. I'm patient and feel more comfortable taking IBM's yield then have money in Splunk, Tableau or Salesforce at this time.

I'll let IBM speak for itself, they're more interesting then me.

http://www.ibm.com/annualreport/2015/
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#3
Strategic imperatives revenues grew 17%, cloud grew 36%, analytics grew 9%.

::mike drop::

They are buying back shares commensurate with the slimming of the company.

I'm happy with my long position.
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#4
IBM down 5% today on yesterday's earnings. Did the earnings disappoint?
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#5
(04-19-2016, 12:28 AM)Dividendsrule Wrote: They are buying back shares commensurate with the slimming of the company.

Year over year share decline was less than 3%.  I think that's good, but not great.  I was hoping for 5-6% less shares outstanding.  (I am looking at diluted shares)
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#6
It wasn't good, but it wasn't bad either. IBM needs to be seen as a long term play. With a P/E of ~10 and a solid plan behind them, there's only only one way to go.

Even with the 5% drop today, I'm still 5% positive, which means that the stock was probably too expensive. I bet it'll be up again tomorrow, typical case of buying the rumors and selling the news.
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#7
You were right about it going up again Rasec...

Some might interpret all of their recent acquisitions as desperation, but I can't help but being impressed by them. Data, the weather, internet security, health record keeping ...They keep on accumulating structurally important businesses and services, in my view.
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#8
I had 50% chances of being right so i won't brag much about it!
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