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Buffett still a fan of IBM

  • Squashing rumors he's turned sour on IBM, Warren Buffett - appearing on CNBC - says he's not surprised by the company's weak Q1 results. He hasn't sold a share of the stock, he says, and expects to add more to his holdings. The stock has run about $0.50 higher on the Oracle's comments, now back to flat on the session.
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Comments (9)
  • youngdub774
    , contributor
    Comments (44) | Send Message
     
    Buffett is the only thing supporting this stock
    23 Apr, 03:34 PM Reply Like
  • SivBum
    , contributor
    Comments (1836) | Send Message
     
    Years of shrinking sales and loading up on debt to repurchase stocks. Sounds like a Sears Holding in Technology.
    23 Apr, 03:51 PM Reply Like
  • Vacated
    , contributor
    Comments (38) | Send Message
     
    Remember, Mr. Buffet has made it clear in the past, on several occasions, that he 'doesn't get tech.' This proves it.
    23 Apr, 03:54 PM Reply Like
  • moseslarsen
    , contributor
    Comments (415) | Send Message
     
    Bought IBM in the high 170s. Sitting on a gain, reinvesting divs, and selling somewhere around $215-220. Let's revisit this in a year or so.

     

    P.S. The Oracle hasn't shed a share; coincidence? He may even add more...he may not get tech, but his bets pay off more often than not.

     

    Regards, Moses
    23 Apr, 04:09 PM Reply Like
  • rifmiami
    , contributor
    Comment (1) | Send Message
     
    Wrong....I am ....have been for 25 years.....luv it .....
    23 Apr, 04:13 PM Reply Like
  • Momintn
    , contributor
    Comments (4289) | Send Message
     
    Buffett said he has increased his investment in IBM to a little over $13 billion and added to his IBM holdings this year.
    23 Apr, 04:19 PM Reply Like
  • s.khan
    , contributor
    Comments (62) | Send Message
     
    Buffet is a long term investor. He is not high frequency
    trading "flash boy". Quarterly earnings don't mean a thing.
    A long term perspective on investment in the changing
    technology is the key to holding on to IBM stock.
    Investment takes time to bear fruit. Wall street
    is unsuitable for understanding strategic investments.
    Buffet seems to be sanguine about IBM returing
    to growth with the change in portfolio and investment
    in Watson, Business analytics, cloud computing contributing
    to the growth. Short termers should sell.
    23 Apr, 05:00 PM Reply Like
  • mulen
    , contributor
    Comments (3) | Send Message
     
    My family owns stock in IBM over 50 yrs and has rewarded us there one of the best run entities in the world. 103 yrs in business and counting see ya.
    24 Apr, 07:54 AM Reply Like
  • mulen
    , contributor
    Comments (3) | Send Message
     
    1911? nuff said The stock has been in my family 50yrs and has rewarded us handsomely see ya.
    24 Apr, 07:54 AM Reply Like
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