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IBM: Back up the truck

Posted Oct 21st 2009 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: International Business Machines (IBM), Stocks to Buy

In uncertain times, it goes without saying that investors should stick with 'the known, and the true,' which is why I'm reiterating my Buy rating for Big Blue -- International Business Machines Corp. (NYSE: IBM), first recommended on February 18, 2009 at a price of $91.51. If you bought IBM in February, you're up about 35%.

Just about everything is running in IBM's favor right now: look for a mid-single-digit revenue gain for IBM in FY2009 on stronger services division and software division revenue.

Continue reading IBM: Back up the truck

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Last updated: May 27, 2012: 06:54 PM

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