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Dr. Jacques Saint-Pierre

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  • 3 Reasons To Avoid IBM [View article]
    Henry, here is the answer to your challenge: On January 9th, with much fanfare, the computing giant announced plans to invest $1 billion in a new division, IBM Watson Group. By the end of the year, the division expects to have a staff of 2,000 plus an army of external app developers working within its “open Watson ecosystem”. It also unveiled a raft of new projects under development, on top of the handful already revealed in health care, financial services and retailing with firms such as WellPoint and the Cleveland Clinic. Mike Rhodin, who will run the new division, calls it “one of the most significant innovations in the history of our company.” Ginni Rometty, IBM’s boss since early 2012, has reportedly predicted that it will be a $10 billion a year business within a decade. As reported by The Economist on January 11th, 2014.
    Feb 3 03:28 PM | 3 Likes Like |Link to Comment
  • 3 Reasons To Avoid IBM [View article]
    I strongly disagree with your conclusion. Actually, the intrinsic value of a share of IBM is around 240$. It is roughly undervalued at a market price of 173$. The performance spread (the difference between the return on capital and the cost capital) is around 12% and increasing; which is a tremendous performance that is revealing about the future of the stock. Actually, the stock is so undervalued that investors buying the stock pays only for the current operating value and get the future growth value for nothing. I am not alone to share this viewpoint. Theresa Brophy of Value Line wrote recently: “IBM shares have drifted lower since the start of 2013, likely on revenue concerns. Given the disappointing top line performance over the past year, the company may have to push hard to reach its operating earnings target of $20.00 a share ($18-$19 a share on a reported basis) by 2015. But rapidly growing markets, like analytics and cloud computing (up 8% and 70%, respectively, in the first nine months of 2013) should contribute a greater portion of revenues over the next few years. The Dow stock is timely and has above-average 3- to 5-year potential. The recent pullback in the share price provides investors with a good entry point.” For IBM the future continues to be bright.
    http://seekingalpha.co...
    Feb 3 03:03 PM | 7 Likes Like |Link to Comment
  • Applied Materials, Inc: 'The Most Important Company Nobody Knows About' [View article]
    Thank you very much for your comment and for your interest in my analysis. You are right when you insist, as I have done in my article, on the fact that the worldwide economic rebound is an important variable in the equation. The expected surge in smart phones, tablet computers, and solar equipment could also be a contributing factor.
    Sep 11 04:54 AM | Likes Like |Link to Comment
  • Applied Materials, Inc: 'The Most Important Company Nobody Knows About' [View article]
    You just have to go on the company's website and listen to the speech of President Obama.
    Sep 10 01:43 PM | 1 Like Like |Link to Comment
  • Applied Materials, Inc: 'The Most Important Company Nobody Knows About' [View article]
    The beauty of the process of the capital market is that opinions can differ widely.
    Sep 10 01:35 PM | Likes Like |Link to Comment
  • Applied Materials, Inc: 'The Most Important Company Nobody Knows About' [View article]
    Thank you for your comments. Personally, I found the comments of the President of the United States fun and I wanted to draw the attention of readers.
    Sep 10 01:34 PM | 1 Like Like |Link to Comment
  • Applied Materials, Inc: 'The Most Important Company Nobody Knows About' [View article]
    Thank you for your comments.
    Sep 10 01:31 PM | Likes Like |Link to Comment
  • Applied Materials, Inc: 'The Most Important Company Nobody Knows About' [View article]
    Thank you for your comments. That's very kind of you.
    Sep 10 01:27 PM | Likes Like |Link to Comment
  • Dell Offer: The Price Is Not Right [View article]
    The « we » and the « our » come probably from my French education. We don’t use the “I” in writing, it is consider impolite. You can read “I” and “my” if you prefer. With regard to “an economic firm disclosed in the article, what team or firm produced this research?” it is very kind of you to consider that a team could have produced this research because I am the only author of this research.
    Jul 9 09:43 AM | 2 Likes Like |Link to Comment
  • IBM: The Future Is Bright [View article]
    Thank you for your comment. Insider trading does not explain longer-term investment returns. You can always find anecdotal evidence to the contrary. However, there is no scientific study to support that insiders, when they buy, send an economically and statistically valuable signal to the market after controlling for M/B and size.
    May 13 04:13 PM | Likes Like |Link to Comment
  • Ball Corporation: A True Sustainable Enterprise [View article]
    Thanks for your comment. Following my approach, the entry price is more and more attractive. Au plaisir.
    Apr 30 12:22 PM | Likes Like |Link to Comment
  • Apple Inc.: Is The Future Bright ? [View instapost]
    Thank You!
    Apr 20 03:16 PM | Likes Like |Link to Comment
  • IBM: No Limits To Growth [View article]
    Thank you for your kind words.
    Mar 24 11:12 PM | Likes Like |Link to Comment
  • IBM: No Limits To Growth [View article]
    Thanks for your comment.
    Mar 19 12:53 PM | Likes Like |Link to Comment
  • IBM: No Limits To Growth [View article]
    You beat me by 15 years! I started following IBM in 1970.
    Thanks for your comment. It is very kind of you.
    Mar 18 12:39 PM | Likes Like |Link to Comment
COMMENTS STATS
46 Comments
14 Likes