13-01-2014, 03:02 PM
Based on estimates in link below, Buffett's price is $173
http://www.cnbc.com/id/100657591
He prefers price to stay low so IBM can continue to do share buy back and reduce the float.
Its also one kind of financial engineering to prop up the EPS.
Long term should be ok (i guess) since its an innovation company focusing on solutions for MNCs rather than what many people perceive it to be a computer hardware business which is downtrend.
http://www.cnbc.com/id/100657591
He prefers price to stay low so IBM can continue to do share buy back and reduce the float.
Its also one kind of financial engineering to prop up the EPS.
Long term should be ok (i guess) since its an innovation company focusing on solutions for MNCs rather than what many people perceive it to be a computer hardware business which is downtrend.
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