- We are not as concerned as Mr. Market that revenues at International Business Machines have declined for 21 consecutive quarters or that the company missed analysts’ top-line estimates.
- IBM’s yields are superior to bonds and perhaps safer than most high dividend stocks.
- But pundits are begging for changes at the top in Armonk.
- We suggest shedding Big Blue's underperforming legacy businesses, not the CEO.
(Note: subscribers to Main Street Value Investor Marketplace received the first look at this research).
Following International Business Machines (IBM) 21st consecutive quarter of declining year over year revenues per its Q2 FY2017 earnings release on Tuesday, July 18, 2017, my fellow Seeking Alpha contributors have posted no less than 20 articles in reaction to this seemingly endless story.
During a week of multiple forensic financial autopsies, I could almost envision the approximately 270,000 real-time followers of IBM on SA scrambling in a myriad of directions, taking new or renewed stands on the company and its stock. Whether bullish, bearish, or the safer and secure neutral, right now IBM is all over the investment theses map.