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Update: IBM Continues Share Buybacks Despite Q3 '14 Earnings Miss

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Summary

  • IBM reported Q314 earnings.
  • The stock is even more attractive after the sell off.
  • The weak earnings were not anticipated, but the large FCF and stock buybacks offset that weakness.
Prior to the open, IBM (NYSE:IBM) announced very weak Q314 earnings and the sale of the Microelectronics business to Globalfoundries at a large loss. The stock slumped over 7% to multi-year lows, but the company announced plans to continue the questionable stock buyback plan that should support the stock.

Read the full article at Seeking Alpha.


Disclosure: Long IBM. Please review the disclaimer page for more details. 



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