Comment by mathattack
Comment by mathattack 12 hours ago
Interesting to hear this from IBM, especially after years of shilling Watson and moving from being a growth business to the technology audit and share buyback model.
Comment by mathattack 12 hours ago
Interesting to hear this from IBM, especially after years of shilling Watson and moving from being a growth business to the technology audit and share buyback model.
I'm still flumoxed by how IBM stock went from ~$130 to $300 in the last few years for essentially no change in their fundamentals (in fact, a decline). IBM's stock price to me is the single most alarming sign of either extreme shadow inflation, or an equities bubble.
Why do you say the market correctly prices it this way?
imho, IBM's quant computing says they are still hungry for growth.
Apple and google still do share buy backs and dividends, despite launching new businesses
also because the market (correctly) rewards ibm for nothing, so if they’re going to sit around twiddling their fingers, they may as well do it in a capex-lite way.