Thread regarding IBM layoffs

10 Blue-Chip Stocks You Should Sell Right Now

Just in case it wasn't on everyone's to-do list for Mon. morning, 10/17 before IBM announces 3Q Results later in the afternoon, here's a reminder:

http://investorplace.com/2016/10/blue-chip-stocks-to-sell-right-now/view-all/

"International Business Machines Corp. (NYSE:IBM) is another classic example of a company that was once at the top of the blue chips universe, only for it to become an increasingly irrelevant operation.

Revenue fell $11 billion (12%) in fiscal year 2015. Operating income is falling. Net income fell over 20% in just two years. IBM stock is down nearly 20% over the past five years, and when you add the dividend (now at 3.6%) back in, those investors are still underwater.

Even at 12x earnings, it remains expensive."

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| 1053 views | | 3 replies (last October 17, 2016) | Reply
Post ID: @OP+JTrPhrw

3 replies (most recent on top)

@1zfz - why not, there is no restriction on what we can discuss - this is a defacto unofficial board of the IBM labor movement

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Post ID: @1inp+JTrPhrw

This is a layoff board not to discuss dwindling stocks

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Post ID: @1zfz+JTrPhrw

Given the slide in sales 12x is way too much - granted you have a healthy dividend, yet its still expensive

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Post ID: @eij+JTrPhrw

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