+ Watch IBM
on My Watchlist
The Company is a globally integrated innovation company, serving the needs of enterprises and institutions worldwide.
Buffett went mad
huh? can you explain what this means (sorry if I'm uninformed)
I think you are right, he bought too expensive short term.
A few weeks ago I was looking at DJIA (which is essentially IBM given the way the index is structured :) and wondering what made this uninspiring stock go up so steadily, defying the financial crisis. Now I think I know the answer :)
Good company just too expensive to buy, P/E. For me, not for Buffet.
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