Texmex627

Texmex627
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  • Dividend Investors: IBM Will Get Less Expensive  [View article]
    I wouldn't buy FKINX under any circumstances. Its fees are high and its performance low.
    Jan 27, 2016. 05:43 PM | 1 Like Like |Link to Comment
  • IBM's 4%+ Yield: Bad News... Good News... I Can Wait  [View article]
    I have been selling covered LEAP calls on IBM for nearly 30 years. 90% of the time I have made money on them. Only a few times have I had to buy them back at a higher price to avoid being called. If I figure in the amount earned in selling the calls and reinvesting the dividends my avg cost/share is under $20.

    That said I would have been better off the past couple of years if I had sold IBM and bought SPDR's.
    Jan 25, 2016. 07:09 PM | Likes Like |Link to Comment
  • Why I Bought More IBM Stock After Its 'Terrible' Earnings  [View article]
    I bought IBM under $5 in the 60's when I worked there and several blocks between $10 & $15 in 1993. And I have reinvested all the dividends.

    It will be a long time before it gets back there so I think I will just keep collecting the dividends, rather than sell and collect 0.5% on a savings account, at least foe now.
    Jan 20, 2016. 03:31 PM | 5 Likes Like |Link to Comment
  • Why I Bought More IBM Stock After Its 'Terrible' Earnings  [View article]
    You bet!
    IBM is down 21.5% in the past year and HP is down 47.5%.
    Where in the world do you get your information?
    Jan 20, 2016. 03:20 PM | 2 Likes Like |Link to Comment
  • Why I Bought More IBM Stock After Its 'Terrible' Earnings  [View article]
    Sounds crazy. Go see a shrink!
    Jan 20, 2016. 03:16 PM | 1 Like Like |Link to Comment
  • IBM: Market Expectations Are Way Too Low  [View article]
    I have owned IBM for decades and often sell covered LEAP calls on my stock.
    I have profited almost every time and have had my stock called only once.
    Jan 15, 2016. 01:06 PM | Likes Like |Link to Comment
  • Too Many Share Buybacks Have Hurt IBM  [View article]
    You obviously did not do your homework before engaging your keyboard in this article.

    Here are the facts about IBM's debt:

    >Turning to the balance sheet we ended the quarter with a cash balance of $9.6 billion, up over $1 billion from December and flat year to year. Total debt was $39.7 billion, of which $26 billion was in support of our Financing business. The leverage in our Financing business remains at 7 to 1.<
    IBM Q3 Conference Call

    >IBM Global Financing (IGF) is the world's largest IT financier US$36Bn in assets IGF ranks 4th largest fully diversified leasing companies in the U.S. IGF operates in 40 Countries with 125,000 customers, including 95 of the Fortune 100 350 Banks and Financial Institutions World Wide.<

    IBM is reinventing itself for the fifth time in 100 years. It remains to be seen if they can be successful but Warren Buffett and I are not betting against them.
    Oct 22, 2015. 10:58 PM | 22 Likes Like |Link to Comment
  • The Big Blue Canary In Armonk  [View article]
    In addition to your ignoring of the effect of divestitures (above), you overstate the true effect of IBM's debt:

    "No more. IBM’s net debt was just $9 billion in 2005. Now it is $30 billion and rising." Here are the facts about IBM's debt:

    >Turning to the balance sheet we ended the quarter with a cash balance of $9.6 billion, up over $1 billion from December and flat year to year. Total debt was $39.7 billion, of which $26 billion was in support of our Financing business. The leverage in our Financing business remains at 7 to 1.<

    >IBM Global Financing (IGF) is the world's largest IT financier US$36Bn in assets IGF ranks 4th largest fully diversified leasing companies in the U.S. IGF operates in 40 Countries with 125,000 customers, including 95 of the Fortune 100 350 Banks and Financial Institutions World Wide.<

    IBM is reinventing itself for the fifth time in 100 years. It remains to be seen if they can be successful but Warren Buffett and I are not betting against them.
    Oct 22, 2015. 05:34 PM | 12 Likes Like |Link to Comment
  • Apple In The Enterprise: IBM Tries To Make The Case  [View article]
    Apple's growth as a consumer company will be limited going forward considering their huge revenue base. IBM's earnings which are substantial, would be reflected at a much higher valuation as a part of Apple.
    Probably a moot argument because the anti trust guys in U.S. & Europe[e would not allow it to happen.
    Oct 22, 2015. 01:39 PM | Likes Like |Link to Comment
  • IBM Continues To Crumble  [View article]
    That is not just IBM lately, it is an IBM tradition.

    I sold for IBM in the 60's.
    After three years of attaining in excess of 200% of quota (those quotas increased every year), I was personally assigned a quota larger than 5 of the 12 branch offices in my district. When I complained to the branch manager he said take it or accept a promotion to a salaried staff job elsewhere. I did and took a 45% pay cut. My wife never did understand how that was a promotion.
    Oct 22, 2015. 01:04 PM | 2 Likes Like |Link to Comment
  • IBM's Long-Term Strategic Problem  [View article]
    >Anyone competing with Amazon (NASDAQ:AMZN) on a price basis is about to enter a whole world of hurt, obviously. And when the various cloud offerings are largely and almost trivially interchangeable, what economists call substitutes, that's not a business which a high margin firm like IBM wants to be in.<

    If you add up all the profits and losses at Amazon since it was founded, it is still in the red. AMZN's trailing PE is negative because it lost $$ the past 12 months. Obviously anyone who follows AMZN's lead will be in a world of hurt. IBM made more $$$ in the last mediocre quarter than AMZN has made cumulative.
    Oct 21, 2015. 04:18 PM | 5 Likes Like |Link to Comment
  • IBM Continues To Crumble  [View article]
    IBM earned $3.0 B in the past quarter and WMT $3.6 B. AMZN a darling of the "smart" investors earned $92 million and has a negative PE (they lost $$ the past twelve months.

    IBM pays a $3.5% dividend and WMT 3.33%, AMZN ZERO.
    What is wrong here?
    Oct 20, 2015. 01:31 PM | 15 Likes Like |Link to Comment
  • Apple In The Enterprise: IBM Tries To Make The Case  [View article]
    Your post is valid.

    If Apple decided to buy IBM, and it certainly could with its balance sheet and IBM's low valuation, it would be sitting on top of the international corporate computing world.
    Oct 17, 2015. 11:04 AM | 3 Likes Like |Link to Comment
  • IBM: Should Big Blue Be Singing The Blues?  [View article]
    Good report.
    Unfortunately IBM, like Rodney Dangerfield "Don't get no respect" from the investment community geniuses.

    They prefer AMZN which has a negative trailing PE (lost money, ttm), a forward PE of 113, and pays no dividend.
    GO FIGURE!
    Oct 12, 2015. 02:55 PM | 7 Likes Like |Link to Comment
  • IBM: The Future Looks Exciting  [View article]
    IBM has reinvented itself several times over the past century:
    - From a scale, clock, and time recording company to a punched card company, which became the most profitable company in the USA in the 1930's - 1950's.
    -From a punched card company in the 1950's to the world leader in computers and the highest valued company in the USA in the late 50's through the early 80's.
    - From a tired money losing "big iron" company in the early 90's to a world leader in software and services in the 2000's.

    It remains to be seen whether they can pull it off again, but I wouldn't bet against IBM
    Oct 8, 2015. 07:09 PM | 8 Likes Like |Link to Comment
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