IBM SHARES TEMPT WITH VALUE BUT STILL TOO PRICEY $IBM $GOOG $MSFT $AMZN
Earnings season is in full swing, providing new data points for investors to reassess positions. After a careful review of IBM‘s latest report Tuesday afternoon, I see no reason to buy the stock at current prices. The risk-reward trade off is simply not favorable. IBM reported Q4 earnings per share of $6.13 per share compared to a consensus forecast of $5.99. IBM’s beat was of low quality, primarily due to items such as share repurchases, foreign exchange and tax rates. Of special note is that revenue fell 5%, year over year to $27.7 billion. Analysts were looking on average for $28.25