IBM

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#1
Hardware sales slowed... not good sign for hardware providers and its suppliers ...

IBM misses estimates for the first time since 2005

NEW YORK — International Business Machines (IBM), the largest technology-services provider, missed analysts’ profit estimates for the first time since 2005 after hardware sales slowed.

Excluding some items, first-quarter profit was US$3 (S$3.71) a share, the company said yesterday.

http://www.todayonline.com/business/ibm-...-time-2005
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#2
IBM reverses Wall Street slump

NEW YORK — News that IBM will buy back more stock and raise its dividend helped pull major United States stock indexes out of a morning slump yesterday (this morning, Singapore time).

IBM and other technology stocks led the Standard & Poor’s 500 index up. The broad-market measure ended April with a 1.8 per cent gain, the sixth month in a row the index has climbed higher.

http://www.todayonline.com/business/ibm-...reet-slump
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#3
CityFarmer what do you think of IBM?
Dividend Investing and More @ InvestmentMoats.com
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#4
(01-05-2013, 05:43 PM)Drizzt Wrote: CityFarmer what do you think of IBM?

Warren Buffett is a SSH of IBM, and more than 15% weighting of his portfolio.

Is there a need to say more?...Tongue
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#5
hi CityFarmer i think he likes it as a durable service company and they have provided guidance to 2015 on their buy back plans.

personally i am concern about the leadership capability of this new ceo.
Dividend Investing and More @ InvestmentMoats.com
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#6
IMO, it takes a long period to judge a person
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#7
you may be right. but the predecessor set a rather high benchmark. not so much to do with her but the level she need to reach.
Dividend Investing and More @ InvestmentMoats.com
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#8
(01-05-2013, 09:50 PM)Drizzt Wrote: hi CityFarmer i think he likes it as a durable service company and they have provided guidance to 2015 on their buy back plans.

personally i am concern about the leadership capability of this new ceo.

It's difficult to judge base on public info of the new CEO. I will take an indirect approach. Warren Buffett is very concern on top management appointment. If he is ok with her, i will opt to trust his judgement.

(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#9
(02-05-2013, 09:35 AM)CityFarmer Wrote:
(01-05-2013, 09:50 PM)Drizzt Wrote: hi CityFarmer i think he likes it as a durable service company and they have provided guidance to 2015 on their buy back plans.

personally i am concern about the leadership capability of this new ceo.

It's difficult to judge base on public info of the new CEO. I will take an indirect approach. Warren Buffett is very concern on top management appointment. If he is ok with her, i will opt to trust his judgement.

(not vested)

If I were to look at Warren Buffett quotes, his higher focus is on the business,

You should invest in a business that even a fool can run, because someday a fool will.
eg. Coca Cola many years back

When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
eg. Berkshire Hathaway during Garment biz days

An old article from Forbes dated 18-Jan-13,

Why Warren Buffett Keeps Buying IBM
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
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#10
(02-05-2013, 09:59 AM)KopiKat Wrote:
(02-05-2013, 09:35 AM)CityFarmer Wrote:
(01-05-2013, 09:50 PM)Drizzt Wrote: hi CityFarmer i think he likes it as a durable service company and they have provided guidance to 2015 on their buy back plans.

personally i am concern about the leadership capability of this new ceo.

It's difficult to judge base on public info of the new CEO. I will take an indirect approach. Warren Buffett is very concern on top management appointment. If he is ok with her, i will opt to trust his judgement.

(not vested)

If I were to look at Warren Buffett quotes, his higher focus is on the business,

You should invest in a business that even a fool can run, because someday a fool will.
eg. Coca Cola many years back

When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
eg. Berkshire Hathaway during Garment biz days

An old article from Forbes dated 18-Jan-13,

Why Warren Buffett Keeps Buying IBM

Sifu is right, his higher focus is always on business, but he had never chosen a fool as top management of his invested companies IIRC. Tongue

In the article quoted, probably half of it is on "Management - Business Execution"
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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