04-28-2021, 09:33 AM
(04-28-2021, 09:20 AM)fenders53 Wrote:(04-28-2021, 09:16 AM)kblake Wrote: Bought some IBM. This is a name I like. For years has been dead and now has legs.
Good luck with that. The no growth financials say this dog is dead for a reason. Make it a short term trade if it goes your way.
Your dead wrong on that comment. I can see stock hitting $200 again. And the dividend is 3x the normal S&P stock. That's a good name to be in going forward. They will continue to grow their cloud business and I think and acquisition or 2 are in the cards. They just had there first quarter of growth in some time. IBM's total cloud revenue rose 21% year-over-year to $6.5 billion, or 37% of its top line, during the quarter. Its revenue from Red Hat also increased 17%. So give me IBM over most over valued tech stocks and will buy this all day long. The market at some point will get the valuation right and slam the names who are way over valued.
In the meantime I will add to names like ABBV, CVX, PM, MO, CVS, LMT and IBM. You can have your TTCF of the world
