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DoctoRx

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  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    Wako, thanks for your kind comments. IBM knows the financial engineering drill very well... as does WB. Maybe that helped attract him to IBM stock rather than the shares of more dynamic tech companies...
    Apr 19 02:15 PM | Likes Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    turnitup and 53147: Thanks for adding your thoughts and observations. It would be a sad day indeed if IBM went the way of GM.
    Apr 18 07:14 PM | Likes Like |Link to Comment
  • Small Is Beautiful: My Favorite Bank Stock Has A Strong Quarter [View article]
    Mr. Richards, Thanks for reading and sharing your thoughts. This stock is not for you, it would appear; it's really not for most people due to its illiquidity.
    Apr 17 11:44 PM | Likes Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    Billy, you couldn't be clearer. Thanks for commenting in such detail.
    Apr 17 10:02 PM | Likes Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    pete: Thank you for your kind words. The IT world has changed a great deal since Gerstner's advent at IBM (April 1993). Back then, IBM was trying desperately to get on track operationally in a world where mainframes were no longer all that relevant quantitatively c/w Wintel and Apple had begun to suck the oxygen out of the IT room; and where Oracle, SAP and a number of other companies were making huge margins on databases, applications etc., where IBM had little presence. IBM was NOT into financial engineering then.
    I do not recall hearing about important scrimping on R&D then, either, though this was 21 years ago.

    Now, IBM has missed the boat again (on social media) and is struggling to keep up with the explosive growth in the cloud.

    So I would view IBM's challenges as different today, given how much it is now focused on the low-margin businesses of advisory services; and on the inherently low-P/E biz of financial services.

    But what is similar is IMHO the need for a transformational leader. Gerstner fit the bill. So far, with Mr. Palmisano gone as Chairman as well as CEO, there may be a need for a mgmt change at Big Blue if it is to be re-energized.
    Apr 17 05:43 PM | 1 Like Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    user '452: Thank you for sharing your thoughts and personal decision-making process with us.

    Whether IBM is in "terminal" decline is not a question that needs to be answered in order to make a decision to sell shares.
    Apr 17 04:10 PM | Likes Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    authentic, we will see. When too many parts of a company need disposal, the quantitative aspects to shareholders of the reinvention need careful consideration.
    Apr 17 04:08 PM | Likes Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    diamondjimbob, you are welcome.
    Apr 17 04:07 PM | Likes Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    David Stockman weighs in:
    http://bit.ly/1qPF7nD
    Apr 17 01:22 PM | 1 Like Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    pete: Thanks for your interesting comment!
    Apr 17 01:20 PM | Likes Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    Q. A. SAMAD: Thanks for reading and commenting. I appreciate all points of view, and assuming you are an IBM shareholder, I wish you good luck.
    Apr 17 01:20 PM | Likes Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    Currant85: Yes, though the point of my chart was to point to the good outcome of my relative bearishness on IBM. New money last summer indeed was better off going elsewhere. I used to be long and bullish on IBM, but that was a 2009-10 period (and pre-Great Recession). As Keynes said, the facts have changed, and I have changed with them.
    Apr 17 11:47 AM | Likes Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    mpmassey, you ask good questions. Of course, HPQ stock had to collapse before it could move off multi-year lows to give a good return to new money that bought in at the bottom. I hope that does not happen to IBM.
    Apr 17 11:45 AM | Likes Like |Link to Comment
  • Gilead Sciences May See A Healthy Earnings Beat [View article]
    Agree w author and most of the above comments. FWIW, S&P Capital IQ pegs intrinsic fair value of GILD around $110/share.
    Apr 17 11:33 AM | 1 Like Like |Link to Comment
  • Same Stuff, Different Year: Should Shareholders Stick With IBM? [View article]
    Mike, thanks for your kind comments; much appreciated.
    Apr 17 11:05 AM | Likes Like |Link to Comment
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