NYSE:IBM

140.56
2.31 (1.62%)
The International Business Machines Corporation is an American multinational technology company headquartered in Armonk, New York, United States, with operations in over 170 countries.
More at Wikipedia

Analysis and Opinions about IBM-N

Signal
Opinion
Expert
WATCH
WATCH
October 5, 2015

They are going through an internal restructuring. They have had declining revenue and earnings. They are buying back shares to keep the earnings per share afloat. They have gone through massive changes over the decades and come out well. He would buy this one if it went to $140.

Show full opinionHide full opinion
IBM (IBM-N)
October 5, 2015

They are going through an internal restructuring. They have had declining revenue and earnings. They are buying back shares to keep the earnings per share afloat. They have gone through massive changes over the decades and come out well. He would buy this one if it went to $140.

SELL
SELL
October 1, 2015

There is probably better things to invest in. Great dividend yield, but be does not see where the growth comes from. They lost their way and are not sure what they want to do. They will continue to buy back shares and pay their dividend, however. He prefers MSFT-Q and AAPL-Q.

Show full opinionHide full opinion
IBM (IBM-N)
October 1, 2015

There is probably better things to invest in. Great dividend yield, but be does not see where the growth comes from. They lost their way and are not sure what they want to do. They will continue to buy back shares and pay their dividend, however. He prefers MSFT-Q and AAPL-Q.

DON'T BUY
DON'T BUY
August 31, 2015

They are having difficulty executing on some of their strategies. Sectors they chose to invest heavily in have had a lot of margin compression. He likes the valuation here, but he feels all rallies will be to a lower high for some time.

Show full opinionHide full opinion
IBM (IBM-N)
August 31, 2015

They are having difficulty executing on some of their strategies. Sectors they chose to invest heavily in have had a lot of margin compression. He likes the valuation here, but he feels all rallies will be to a lower high for some time.

COMMENT
COMMENT
July 30, 2015

Earnings on the revenue side have been soft for almost 3 years or more. It is really a question of how they can turn the ship around and how quickly it can happen. Great CEO. There was a time when this was all hardware, but it is now all software. It’s a question of how they get that service side in. He thinks it will take time. If you want to pick away at it, this is obviously an OK spot, but you have to have a pretty good time horizon and be able to withstand the bumps.

Show full opinionHide full opinion
IBM (IBM-N)
July 30, 2015

Earnings on the revenue side have been soft for almost 3 years or more. It is really a question of how they can turn the ship around and how quickly it can happen. Great CEO. There was a time when this was all hardware, but it is now all software. It’s a question of how they get that service side in. He thinks it will take time. If you want to pick away at it, this is obviously an OK spot, but you have to have a pretty good time horizon and be able to withstand the bumps.

DON'T BUY
DON'T BUY
July 21, 2015

Their debt continues to pile up and essentially have no earnings growth. Earnings growth is coming from share buybacks. Even though it looks cheap on a fundamental basis looking at the guts, stay away from this.

Show full opinionHide full opinion
IBM (IBM-N)
July 21, 2015

Their debt continues to pile up and essentially have no earnings growth. Earnings growth is coming from share buybacks. Even though it looks cheap on a fundamental basis looking at the guts, stay away from this.

PAST TOP PICK
PAST TOP PICK
June 9, 2015

(A Top Pick June 30/14. Down 6.07%.) Had the 2nd quarter in a row where they had poor numbers, so he sold his holdings in the $190s. Came very close to buying it back at around $150.

Show full opinionHide full opinion
IBM (IBM-N)
June 9, 2015

(A Top Pick June 30/14. Down 6.07%.) Had the 2nd quarter in a row where they had poor numbers, so he sold his holdings in the $190s. Came very close to buying it back at around $150.

COMMENT
COMMENT
May 19, 2015

This is in transition, but it does have fundamentals. His model price is $200, a 15% upside. Pays a 3% dividend. Even if they disappoint on the top and bottom lines, they know how many shares to buy back to make the whole thing work.

Show full opinionHide full opinion
IBM (IBM-N)
May 19, 2015

This is in transition, but it does have fundamentals. His model price is $200, a 15% upside. Pays a 3% dividend. Even if they disappoint on the top and bottom lines, they know how many shares to buy back to make the whole thing work.

COMMENT
COMMENT
May 14, 2015

Doing a lot of financial engineering to sort of prop up the numbers without a lot of growth. With any mature technology company, it is a challenge they all have. Once they go through that mature growth cycle, the question is how to bring on the next growth engine, which they are trying to do with cloud computing. The problem is that the base is so big it is difficult to impact the growth rate. There is definitely hope and they have good products. It’ll take a little while.

Show full opinionHide full opinion
IBM (IBM-N)
May 14, 2015

Doing a lot of financial engineering to sort of prop up the numbers without a lot of growth. With any mature technology company, it is a challenge they all have. Once they go through that mature growth cycle, the question is how to bring on the next growth engine, which they are trying to do with cloud computing. The problem is that the base is so big it is difficult to impact the growth rate. There is definitely hope and they have good products. It’ll take a little while.

Jim Huang

Unlock Ratings

Price
$174.050
Owned
Unknown
COMMENT
COMMENT
May 12, 2015

This company has no growth. Top line growth is minimal. For years they have been able to grow their bottom line by buying back stock and using their cash flow to do that. Their service offering is becoming more cloud-based, and they are trying to make that transition. If we get into a major correction, this will probably hold up well because it is a defensive name. Trades at a low multiple, but that is because there is no growth.

Show full opinionHide full opinion
IBM (IBM-N)
May 12, 2015

This company has no growth. Top line growth is minimal. For years they have been able to grow their bottom line by buying back stock and using their cash flow to do that. Their service offering is becoming more cloud-based, and they are trying to make that transition. If we get into a major correction, this will probably hold up well because it is a defensive name. Trades at a low multiple, but that is because there is no growth.

DON'T BUY
DON'T BUY
April 29, 2015

It is really tough. They are trying, but have not been successful in turning around the revenue declines over the past little while.

Show full opinionHide full opinion
IBM (IBM-N)
April 29, 2015

It is really tough. They are trying, but have not been successful in turning around the revenue declines over the past little while.

BUY WEAKNESS
BUY WEAKNESS
March 27, 2015

Starting to think this is looking a little attractive but would like to see it a little lower. Have a very, very strong balance sheet with a global suite of operations. They generally improve their dividend and do share buybacks. If you hold for a long period of time, you will make some money. It was very lofty at $192, but is now a little more reasonable. There is going to be some restructuring going on, so you are going to have to work through that. $130 is a Buy.

Show full opinionHide full opinion
IBM (IBM-N)
March 27, 2015

Starting to think this is looking a little attractive but would like to see it a little lower. Have a very, very strong balance sheet with a global suite of operations. They generally improve their dividend and do share buybacks. If you hold for a long period of time, you will make some money. It was very lofty at $192, but is now a little more reasonable. There is going to be some restructuring going on, so you are going to have to work through that. $130 is a Buy.

DON'T BUY
DON'T BUY
February 26, 2015

It has not been a pretty picture for IBM. 8% revenue decline over the last quarter.

Show full opinionHide full opinion
IBM (IBM-N)
February 26, 2015

It has not been a pretty picture for IBM. 8% revenue decline over the last quarter.

DON'T BUY
DON'T BUY
February 17, 2015

Doesn’t like this one. Has been around for years and, early on, was a very innovative company. There is a perception that over the last 5 years, they have not really innovated. Instead, they have taken their cash flow and just bought back their own stock. As a result, they haven’t invested in R&D and new products the way they should have. In the last several quarters, the company has largely disappointed on earnings and growth outlook. A very big ship and is not going to be easy to turn around.

Show full opinionHide full opinion
IBM (IBM-N)
February 17, 2015

Doesn’t like this one. Has been around for years and, early on, was a very innovative company. There is a perception that over the last 5 years, they have not really innovated. Instead, they have taken their cash flow and just bought back their own stock. As a result, they haven’t invested in R&D and new products the way they should have. In the last several quarters, the company has largely disappointed on earnings and growth outlook. A very big ship and is not going to be easy to turn around.

COMMENT
COMMENT
January 2, 2015

Has been one of the worst performers in the market in 2014, but feels it might be coming into its own in 2015. A lot of people are talking about how “old tech” is making a resurgence. This is one that he is quite positive on.

Show full opinionHide full opinion
IBM (IBM-N)
January 2, 2015

Has been one of the worst performers in the market in 2014, but feels it might be coming into its own in 2015. A lot of people are talking about how “old tech” is making a resurgence. This is one that he is quite positive on.

COMMENT
COMMENT
December 17, 2014

Gained a tremendous amount of benefit from a long 4-5 years of cost-cutting, and it was well orchestrated. They clearly articulated how they were going to cut costs to the benefit of the bottom line, and they did that. He has been very cautious on this for a number of years because you can only cut costs so much, before you start to cut to the bone and affect your ability to produce revenue. Revenue has really only grown low single digits for a very long time. The market was paying a multiple much higher than that for growth that had much more sustainability.

Show full opinionHide full opinion
IBM (IBM-N)
December 17, 2014

Gained a tremendous amount of benefit from a long 4-5 years of cost-cutting, and it was well orchestrated. They clearly articulated how they were going to cut costs to the benefit of the bottom line, and they did that. He has been very cautious on this for a number of years because you can only cut costs so much, before you start to cut to the bone and affect your ability to produce revenue. Revenue has really only grown low single digits for a very long time. The market was paying a multiple much higher than that for growth that had much more sustainability.

Gordon Reid

Unlock Ratings

Price
$151.930
Owned
Unknown
Showing 76 to 90 of 304 entries