- IBM is set to report another quarter of declining results.
- The stock remains cheap and is supported by stock buybacks that haven't been effective.
- IBM is generally cheap and pays a solid 3.2% dividend for investors willing to wait out the rebound.
When last writing about the investment potential of IBM (NYSE:IBM)
, I wrote two articles (here
attempting to get investors to load up on the stock on the dip to $150
due to strong yields. At the time, the stock was down considerably and
trading at multi-year lows. The investment community had become
exceptionally bearish on IBM despite a strong stock buyback program and
the profits and cash flow to support a higher valuation.
Read the full article on Seeking Alpha.
Disclosure: Long IBM. Please read the disclaimer page for more details.