Let’s see if IBM has confidence in itself to do a large share buyback, it’s got the cash.
9 replies (most recent on top)
IBM Next move?…. hmmm
I would say change what Wall Street’s symbol ‘IBM’ stands for. I would say it would be something like “India B……M……..”
AK wants to Bangalore most of those North America dinosaur expensive jobs , so he can keep his multi million high compensation job
DJT said:”I’m gonna deport all the H_1-Bs back to Indi.a”
A large buyback of shares is not a sign of a confident company. It is, rather, a sign of a company that needs to prop up share value by any means necessary. If the business were strong and confident, then investors would see value and growth potential and naturally keep up share value through regular purchases.
Among other things, share buybacks at IBM are also a regular sign of executives cashing out. Buy back the shares, make the stock price go up, then executives can sell their personal holdings at the higher prices. Lather, rinse and repeat.
Based on todays stock value and still with expectation of it rising to $230, if IBM does not buyback shares now, clearly exposes their bluff.
Given last quarters and full year results (almost zero Infrastructure and Consulting growth), it’s hard to see IBM spending money on a buyback. They need products that are going to grow! That’s why IBM has been on a SW spending spree. The purchased products are growing like a weed
and $59B in debt and rising
https://www.macrotrends.net/stocks/charts/IBM/ibm/long-term-debt
lol wasting cash!
$13.719 billion is not much, and it's not even real cash (it's how much IBM can raise in 3 months by asset-selling) https://www.macrotrends.net/stocks/charts/IBM/ibm/cash-on-hand