Long term value creation
-$44.03 of losses, or a return of -4.4% over the 2 months this idea has been active.
|International Business Machines Corporation (Equity/NYSE)|
|Range||176.01 - 177.41||Previous||176.08|
|52 week||172.57 - 215.90||Open||176.70|
IBM is a classic long-term play that will always drive higher. The current sideways share price movement will allow the company to buy back more and more stock pushing up this years EPS. In addion, net income contnues to rise, which should further boost earnings.A world class technology company with some of the best investors retunrs in the S&P 500 is trading at a discount to its sector. At only 13 times forward earnings, IBM is a soild long term bet.