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  • Update: IBM Q3 2014 Earnings  [View article]
    According to macroaxis.com Credit Suisse has a 72% chance of going bankrupt in the next 2 years. Good luck to Kulbinder Garcha finding a job.
    Oct 21, 2014. 03:04 PM | Likes Like |Link to Comment
  • Update: IBM Q3 Earnings - I Was Wrong About Earnings Quality  [View article]
    Many stocks have lower earnings this year as compared to last year. Just in the DJIA, CAT, CSCO, CVX, INTC, JPM, KO, MRK, WMT, XOM all have lower earnings.
    For 2014, IBM expects GAAP EPS to be flat to down -2%. That doesn't warrant this decline in the stock's price.
    Oct 21, 2014. 02:42 PM | 3 Likes Like |Link to Comment
  • IBM adds to losses as Street digests Q3 report  [View news story]
    Someone is buying on the dip. IBM is number one on the buying on weakness page of WSJ.
    One thing to keep in mind is that comparisons YTD do not look so dire.
    3Q YTD for 2014
    Net Income from Continuing Operations 10,237 (GAAP)
    Diluted Earnings Per Share from Continuing Operations $10.09 (GAAP)

    Compare to
    3Q YTD for 2013
    Net Income from Continuing Operations 10,665 (GAAP)
    Diluted Earnings Per Share from Continuing Operations $9.60 (GAAP)

    Free Cash Flow (excluding GF Receivables) $14.2B for the previous 12 months.

    And 2014 is not over with the big marketing push for end-of-year results. The stock is down 6% for one year, and was significantly higher in Jan, Apr, and July.
    GAAP EPS for 2013 was $15.30. IBM's expectation for 2014 is a change of 0 to -2%. I am beginning to add shares. The P/E now based on GAAP earnings of $15.30 is 10.6.
    Oct 21, 2014. 01:15 PM | Likes Like |Link to Comment
  • IBM adds to losses as Street digests Q3 report  [View news story]
    Here is a good article that summarizes what is happening.
    http://nyti.ms/1sL5mxd
    I still think IBM is a long-term value stock that should be in your portfolio. It is very undervalued by the market and continues to buy back shares.
    The recent deals with Apple and SAP are worth noting, as well as the double digit growth in new data, cloud and mobile offerings.
    Oct 21, 2014. 11:48 AM | 2 Likes Like |Link to Comment
  • International Business Machines' (IBM) CEO Ginni Rometty on Q3 2014 Results - Earnings Call Transcript  [View article]
    First Apple-IBM enterprise products coming next month
    IBM developed apps with help from Apple for the banking, government, insurance, retail, telecommunications and travel and transport sectors. Software is highly profitable and should benefit IBM.
    Oct 21, 2014. 11:35 AM | Likes Like |Link to Comment
  • IBM: Immortal Dinosaur Or Walking Dead?  [View article]
    IBM has made some recent partnerships such as Apple and SAP that should accrue to cash flow as well as cut their losing businesses. When they stated the cash flow objective, they said it did not include the gain from the divesture of the X86 business. Free cash flow was $5.8 billion down $800 million but actually up $700 million excluding the impact from cash tax. So when you consider new sources of revenue in the future that increase profit, and that are based on software with higher profit margins, while they eliminate business that aren't profitable, then cash flow should improve in the future.
    Oct 21, 2014. 11:24 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: China Q3 GDP Slows To 7.3%  [View article]
    Rickards says China is going to crash and to not buy any Chinese company. Buy companies like IBM that sell in China.
    http://yhoo.it/1nxofEz
    Oct 21, 2014. 09:01 AM | Likes Like |Link to Comment
  • Market Timing Report: 10-20% Correction Due To Extreme Sentiment And Leverage  [View article]
    Don't buy China, buy IBM.
    http://yhoo.it/1nxofEz
    Oct 20, 2014. 11:10 PM | Likes Like |Link to Comment
  • International Business Machines' (IBM) CEO Ginni Rometty on Q3 2014 Results - Earnings Call Transcript  [View article]
    Rickards says don't buy China. Buy IBM.
    http://yhoo.it/1nxofEz
    Oct 20, 2014. 11:08 PM | Likes Like |Link to Comment
  • Who Wins After The Snapback Rally?  [View article]
    Sorry, I don't buy it. Banks provide no liquidity. They make money trading our stocks on free money.
    Oct 20, 2014. 08:54 PM | Likes Like |Link to Comment
  • Buffett's IBM Stake Surpasses 7% With Strong Upside To Fair Value  [View article]
    9th quarter of the current mainframe. Many people think the next one will be out next year. I think it will ship by Sept 2015 and give a revenue boost to 2015. By then, the growth sectors of cloud, mobile, and data should be doing very well. IBM continues to buy back shares, so the long term investor should continue to buy on pullbacks. People were buying IBM on Fidelity today almost 5 times more shares than they were selling. When you buy stocks that drop after earnings, you make more money for the long run. It certainly requires a longer outlook though than a quarter+. IBM has a big ship to turn.
    Oct 20, 2014. 08:52 PM | Likes Like |Link to Comment
  • Who Wins After The Snapback Rally?  [View article]
    It got to -9.9% and then the buy on the dip took over. Can you say rigging? Someone should investigate the programmed trades and the futures. It really doesn't sound like normal people buying and selling securities caused this.
    Oct 17, 2014. 03:36 PM | 2 Likes Like |Link to Comment
  • Homebuilder Stocks Are Burning Down  [View instapost]
    S&P has Ryland RYL rated as a 4 star stock with a 12-month price target of $40. My price target for 3 months is $36.97.
    Oct 17, 2014. 01:22 PM | Likes Like |Link to Comment
  • Who Wins After The Snapback Rally?  [View article]
    There was a recent survey out to 200 large companies who responded that around half of them were increasing their IT budgets for next year. IBM should be having a mainframe announcement next year, so I would add that stock to your portfolio.
    Oct 17, 2014. 12:26 PM | Likes Like |Link to Comment
  • Schlumberger - Solid Results, No Great Oil Price Impact Leaves Appeal  [View article]
    I like the fact that SLB is focusing more on the USA now.
    Oct 17, 2014. 12:22 PM | Likes Like |Link to Comment
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