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.
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Analysis and Opinions about IBM-N

Signal
Opinion
Expert
HOLD
HOLD
December 4, 2014

Stock has fallen off a bit in the last couple of quarters. Kind of flat lined and hasn’t really moved anywhere. Looks like it has reached a bottom in terms of the technicals. Over the last several years, you are seeing flat, even declining growth, and that is not something you want to see in a technology name. There are some concerns about their ability to compete in a fast-changing IT market. Trading at 10X forward PE and probably a 9% long-term growth rate. Dividend seems pretty secure.

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IBM (IBM-N)
December 4, 2014

Stock has fallen off a bit in the last couple of quarters. Kind of flat lined and hasn’t really moved anywhere. Looks like it has reached a bottom in terms of the technicals. Over the last several years, you are seeing flat, even declining growth, and that is not something you want to see in a technology name. There are some concerns about their ability to compete in a fast-changing IT market. Trading at 10X forward PE and probably a 9% long-term growth rate. Dividend seems pretty secure.

DON'T BUY
DON'T BUY
November 17, 2014

Thinks this company is in real difficulty. He wouldn't own over the next couple of years. They have only supported their share price through financial engineering. For the amount of stock they bought back to keep their earnings growth up, they have done it all with debt, and they are running out of room to do that. (See Top Picks.)

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IBM (IBM-N)
November 17, 2014

Thinks this company is in real difficulty. He wouldn't own over the next couple of years. They have only supported their share price through financial engineering. For the amount of stock they bought back to keep their earnings growth up, they have done it all with debt, and they are running out of room to do that. (See Top Picks.)

COMMENT
COMMENT
November 14, 2014

80% of their business was hardware 20 years ago, and now it is 80% software. Generally constructive on this at these levels. But not out of the woods based on their missed guidance going forward. It's a question of what announcements come out and what they are working on in R&D developments. He has a “wait-and-see” approach.

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IBM (IBM-N)
November 14, 2014

80% of their business was hardware 20 years ago, and now it is 80% software. Generally constructive on this at these levels. But not out of the woods based on their missed guidance going forward. It's a question of what announcements come out and what they are working on in R&D developments. He has a “wait-and-see” approach.

DON'T BUY
DON'T BUY
September 24, 2014

There are other tech companies with good top line growth. IBM grows by buying back stock. There are a lot of better ideas in the tech world.

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IBM (IBM-N)
September 24, 2014

There are other tech companies with good top line growth. IBM grows by buying back stock. There are a lot of better ideas in the tech world.

DON'T BUY
DON'T BUY
September 11, 2014

About 11% revenue growth, total, in 10 years. They reduced shares by 35%. So the benefit was share buy backs. There is not enough upside in his opinion.

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IBM (IBM-N)
September 11, 2014

About 11% revenue growth, total, in 10 years. They reduced shares by 35%. So the benefit was share buy backs. There is not enough upside in his opinion.

Teal Linde

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Price
$191.720
Owned
Unknown
WAIT
WAIT
August 28, 2014

Did very well during the recession. You are starting now to see a difference between old-tech and new-tech. IBM will benefit from a recovering global economy. If you get this at the correct price you can hold it multi-year and get growth and dividend.

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IBM (IBM-N)
August 28, 2014

Did very well during the recession. You are starting now to see a difference between old-tech and new-tech. IBM will benefit from a recovering global economy. If you get this at the correct price you can hold it multi-year and get growth and dividend.

DON'T BUY
DON'T BUY
August 15, 2014

Closed at $187.88 yesterday and his model price is $189.37, a .05% upside. This is a story of reducing capital out of their business, so when they report every quarter, the reports are lukewarm to the analysts. Underneath, they are buying huge quantities of their stock. That keeps their model and stock prices up. Doesn’t see tremendous upside, but also doesn’t see any big downside. Yield of 2.34%.

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IBM (IBM-N)
August 15, 2014

Closed at $187.88 yesterday and his model price is $189.37, a .05% upside. This is a story of reducing capital out of their business, so when they report every quarter, the reports are lukewarm to the analysts. Underneath, they are buying huge quantities of their stock. That keeps their model and stock prices up. Doesn’t see tremendous upside, but also doesn’t see any big downside. Yield of 2.34%.

SELL
SELL
July 24, 2014

This is a company that has really been challenged on the revenue side for quite a while. Their hardware business is late cycle and their services business has been a little bit lumpy. They have made the most of their cost cutting initiatives, which has really driven the stock for a number of years.

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IBM (IBM-N)
July 24, 2014

This is a company that has really been challenged on the revenue side for quite a while. Their hardware business is late cycle and their services business has been a little bit lumpy. They have made the most of their cost cutting initiatives, which has really driven the stock for a number of years.

COMMENT
COMMENT
July 10, 2014

Projecting to have $20 per-share earnings growth by 2015. A lot of that is coming from share buybacks. The transition from hardware to software over the past couple of decades, has been wonderful. This is more of a trader, which you can trade around a bit. If you hold it, you might be able to get a better price for it as it trades up, but if you don’t you can wait until it comes off a little bit.

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IBM (IBM-N)
July 10, 2014

Projecting to have $20 per-share earnings growth by 2015. A lot of that is coming from share buybacks. The transition from hardware to software over the past couple of decades, has been wonderful. This is more of a trader, which you can trade around a bit. If you hold it, you might be able to get a better price for it as it trades up, but if you don’t you can wait until it comes off a little bit.

BUY
BUY
July 3, 2014

Screens well. High ROE. Rising earnings and big free cash flow. However there is a lot of debt on the balance sheet. You’re not paying a lot for this company. Buying back all the stock that they can. Prefers Oracle (ORCL-N).

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IBM (IBM-N)
July 3, 2014

Screens well. High ROE. Rising earnings and big free cash flow. However there is a lot of debt on the balance sheet. You’re not paying a lot for this company. Buying back all the stock that they can. Prefers Oracle (ORCL-N).

TOP PICK
TOP PICK
June 30, 2014

They are consistently criticized by the investment community, for not giving them enough guidance. This company is focused on the long-term. An incredibly powerful company. Good strong balance sheet. Exceptionally broad product category. Getting involved in new software technology.

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IBM (IBM-N)
June 30, 2014

They are consistently criticized by the investment community, for not giving them enough guidance. This company is focused on the long-term. An incredibly powerful company. Good strong balance sheet. Exceptionally broad product category. Getting involved in new software technology.

SELL
SELL
June 26, 2014

At some point you can only ring out so many costs and at some point everything becomes mature. At this point he would not be in it and thinks growth will decelerate. They will have a tough time improving their margins.

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IBM (IBM-N)
June 26, 2014

At some point you can only ring out so many costs and at some point everything becomes mature. At this point he would not be in it and thinks growth will decelerate. They will have a tough time improving their margins.

DON'T BUY
DON'T BUY
June 24, 2014

Doesn’t think it is extremely overvalued at this point – 9 times PE ratio. It is one of those stocks that people overlook. Recent earnings did not excite investors. Doesn’t see any catalysts in the near term.

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IBM (IBM-N)
June 24, 2014

Doesn’t think it is extremely overvalued at this point – 9 times PE ratio. It is one of those stocks that people overlook. Recent earnings did not excite investors. Doesn’t see any catalysts in the near term.

Stan Wong

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Price
$180.880
Owned
Unknown
WEAK BUY
WEAK BUY
June 23, 2014

Struggled to grow their revenue base. The only reason they produced decent earning numbers is that they bought their stock back. There are good things about it, but people are staying on the sidelines, waiting for the revenue to stabilize.

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IBM (IBM-N)
June 23, 2014

Struggled to grow their revenue base. The only reason they produced decent earning numbers is that they bought their stock back. There are good things about it, but people are staying on the sidelines, waiting for the revenue to stabilize.

SELL
SELL
May 30, 2014

Were very successful over a long period of time of growing earnings at a much faster rate than the revenue was growing. Did this through capital planning and cost cutting initiatives. They set targets and when they reached those targets there is only so much you can cut. This has reached that point. Earnings growth is now starting to match or move back to what their revenue growth is. Doesn’t think there is a lot of growth left

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IBM (IBM-N)
May 30, 2014

Were very successful over a long period of time of growing earnings at a much faster rate than the revenue was growing. Did this through capital planning and cost cutting initiatives. They set targets and when they reached those targets there is only so much you can cut. This has reached that point. Earnings growth is now starting to match or move back to what their revenue growth is. Doesn’t think there is a lot of growth left

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