fareastwarriors Posted August 7, 2014 Share Posted August 7, 2014 New Computer Chip Is Designed to Work Like the Brain http://www.nytimes.com/2014/08/08/science/new-computer-chip-is-designed-to-work-like-the-brain.html?ref=business Link to comment Share on other sites More sharing options...
KCLarkin Posted August 15, 2014 Share Posted August 15, 2014 Nice to see WEB adding significantly to his IBM stake: http://www.dataroma.com/m/holdings.php?m=brk Based on the price range for this quarter and last quarter, I think his buying range is similar to mine at around $180 per share. Link to comment Share on other sites More sharing options...
nikhil25 Posted October 8, 2014 Share Posted October 8, 2014 IBM’s Watson Attracts Commercial Clients http://bits.blogs.nytimes.com/2014/10/07/ibms-watson-starts-a-parade/?_php=true&_type=blogs&_r=0 http://techcrunch.com/2014/10/07/ibm-sees-salvation-in-watsons-new-york-home/ Link to comment Share on other sites More sharing options...
ASTA Posted October 8, 2014 Share Posted October 8, 2014 I bought a small 7% starter position at 188 recently. What not to like buybacks cheaper on an shares outstanding then when Warren bought etc. Plus owning a great business fell's good after 30% of the portfolio was SD and SHLD :D Link to comment Share on other sites More sharing options...
KCLarkin Posted October 8, 2014 Share Posted October 8, 2014 I bought a small 7% starter position at 188 recently 7% is a small starter position? IBM is 5% of my portfolio. Want to add more if it can get down to $185. Link to comment Share on other sites More sharing options...
ASTA Posted October 8, 2014 Share Posted October 8, 2014 Well I just copied David Swensen who says anything less the 6% does not have an impact on your portfolio. Of curse he was talking about index investing but hey that's part I am trying to beat :D Link to comment Share on other sites More sharing options...
KCLarkin Posted October 8, 2014 Share Posted October 8, 2014 Well I just copied David Swensen who says anything less the 6% does not have an impact on your portfolio. Of curse he was talking about index investing but hey that's part I am trying to beat :D Fair enough. My target allocation is 10% for IBM but trying to be disciplined on price. Link to comment Share on other sites More sharing options...
obtuse_investor Posted October 16, 2014 Share Posted October 16, 2014 Anyone else also getting excited around these prices these days (in the 170s)? Link to comment Share on other sites More sharing options...
LowIQinvestor Posted October 16, 2014 Share Posted October 16, 2014 Yes, I am a buyer here. Interesting to see that in 2008 during the peak of financial crisis IBM traded at around 10 times EPS. Yet, here we are and they still trade around a 10 PE. Link to comment Share on other sites More sharing options...
KCLarkin Posted October 16, 2014 Share Posted October 16, 2014 Anyone else also getting excited around these prices these days (in the 170s)? Not sure if excited is the right word but I am buying in the $180 range. Link to comment Share on other sites More sharing options...
tombgrt Posted October 16, 2014 Share Posted October 16, 2014 Yes and I will be buying the 2017 ITM leaps if we get any lower. Targetting $260-300 by 2017. Let's hope they are buying back a lot! :) Link to comment Share on other sites More sharing options...
KCLarkin Posted October 16, 2014 Share Posted October 16, 2014 Yes and I will be buying the 2017 ITM leaps if we get any lower. Targetting $260-300 by 2017. Let's hope they are buying back a lot! :) What strike are you looking at? I don't have any experience with options, but I have my eyes on the 120s. Link to comment Share on other sites More sharing options...
shhughes1116 Posted October 16, 2014 Share Posted October 16, 2014 Anyone else also getting excited around these prices these days (in the 170s)? Not sure if excited is the right word but I am buying in the $180 range. I am also buying....although a little bit disappointed that we didn't get another -400 point intraday drop today like yesterday. Always amusing to me...if you read seeking alpha, you'd think Netflix and Tesla are more appropriate places to park your money than IBM. Apparently generating juicy headlines is more important/valuable than generating cash. My only regret is not doing a pair trade with long IBM and short Netflix...c'est la vie. Link to comment Share on other sites More sharing options...
valueyoda Posted October 16, 2014 Share Posted October 16, 2014 IBM's balance sheet and free cash flow generation are still worsening. Turnarounds, as can be seen with HPQ, typically take longer than a few quarters to implement, so I would expect the stock to fall back to $150 over that interval as more institutional investors throw in the towel. I do believe that IBM is taking the right long term strategy right now by focusing more on cloud computing and big data, so longer term investors should be richly rewarded by improving FCF trends and continuous share repurchases. There is simply no reason to buy it today, as the opportunity cost will be high. Link to comment Share on other sites More sharing options...
KCLarkin Posted October 17, 2014 Share Posted October 17, 2014 IBM's balance sheet and free cash flow generation are still worsening. Turnarounds, as can be seen with HPQ, typically take longer than a few quarters to implement, so I would expect the stock to fall back to $150 over that interval as more institutional investors throw in the towel. I do believe that IBM is taking the right long term strategy right now by focusing more on cloud computing and big data, so longer term investors should be richly rewarded by improving FCF trends and continuous share repurchases. There is simply no reason to buy it today, as the opportunity cost will be high. Sounds like a classic opportunity for Time Arbitrage. I will be very excited if IBM falls back to $150 especially at the rate IBM is buying back stock. Link to comment Share on other sites More sharing options...
dwy000 Posted October 17, 2014 Share Posted October 17, 2014 IBM's balance sheet and free cash flow generation are still worsening. Turnarounds, as can be seen with HPQ, typically take longer than a few quarters to implement, so I would expect the stock to fall back to $150 over that interval as more institutional investors throw in the towel. I do believe that IBM is taking the right long term strategy right now by focusing more on cloud computing and big data, so longer term investors should be richly rewarded by improving FCF trends and continuous share repurchases. There is simply no reason to buy it today, as the opportunity cost will be high. Sounds like a classic opportunity for Time Arbitrage. I will be very excited if IBM falls back to $150 especially at the rate IBM is buying back stock. If you believe the $20 operating earnings/share story for next year (which they are still sticking to) this is trading at 9x operating earnings with a healthy dividend and massive share buyback. Tough to see much of a downside on that. If it hit $150 that would be a 7.5x multiple in a zero interest rate environment. Buy of the century!!! As WEB says, the first rule is don't lose money. IBM certainly isn't a double but it's got very limited downside too Link to comment Share on other sites More sharing options...
peter1234 Posted October 20, 2014 Share Posted October 20, 2014 IBM to pay Globalfoundries $1.5 billion to take chip unit off its hands http://online.wsj.com/articles/globalfoundries-to-take-over-ibm-chip-unit-1413763188 Link to comment Share on other sites More sharing options...
Picasso Posted October 20, 2014 Share Posted October 20, 2014 IBM No Longer Sees Delivering 'at Least $20 Operating EPS' in 2015 Down 9% pre-market to 165 on weak earnings. Link to comment Share on other sites More sharing options...
Palantir Posted October 20, 2014 Share Posted October 20, 2014 LMAO. This is too good. ;D Link to comment Share on other sites More sharing options...
tombgrt Posted October 20, 2014 Share Posted October 20, 2014 Great! Guess I'll be buying back those leaps soon enough. Link to comment Share on other sites More sharing options...
thefatbaboon Posted October 20, 2014 Share Posted October 20, 2014 Buffett having a rough time with some of his stock picks. Link to comment Share on other sites More sharing options...
tombgrt Posted October 20, 2014 Share Posted October 20, 2014 Has Buffett lost his touch? Is he going senile? Should we all avoid his holdings and sell Berkshire?! Link to comment Share on other sites More sharing options...
thefatbaboon Posted October 20, 2014 Share Posted October 20, 2014 Has Buffett lost his touch? Is he going senile? Should we all avoid his holdings and sell Berkshire?! Don't think so...maybe a bit lazy...COP, KFT, JNJ, IBM, TSCO...other than the banks and the preferreds his picks have been pretty mediocre over the last decade or so. Link to comment Share on other sites More sharing options...
original mungerville Posted October 20, 2014 Share Posted October 20, 2014 Has Buffett lost his touch? Is he going senile? Should we all avoid his holdings and sell Berkshire?! Don't think so...maybe a bit lazy...COP, KFT, JNJ, IBM, TSCO...other than the banks and the preferreds his picks have been pretty mediocre over the last decade or so. Ya, BNSF was not one of the greatest investments in history...no, no. Link to comment Share on other sites More sharing options...
Liberty Posted October 20, 2014 Share Posted October 20, 2014 Has Buffett lost his touch? Is he going senile? Should we all avoid his holdings and sell Berkshire?! Don't think so...maybe a bit lazy...COP, KFT, JNJ, IBM, TSCO...other than the banks and the preferreds his picks have been pretty mediocre over the last decade or so. Ya, BNSF was not one of the greatest investments in history...no, no. Don't forget the Bank of America deal... Link to comment Share on other sites More sharing options...
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