I increased my stake in IBM today by 19% in IRA #1, it now makes up 4.5% of the assets in this account. I paid about 179.5/share.
Cash still makes up 43% of the assets in this account which is used to sell put options.
Bloomberg article dated: April 22, 2014 ... "IBM End to Buyback Splurge Pressures CEO to Boost Revenue"
« IBM is reducing stock buybacks after an $8.2 billion first-quarter splurge, putting more pressure on Chief Executive Officer Ginni Rometty to reignite sales growth or cut costs to hit her profit targets. IBM said last week it won’t sustain its rate of share repurchases in the first quarter, when buybacks more than tripled from a year earlier to the most since 2007. The company plans to spend less than $5.8 billion total in the final nine months of this year. »
think about representing a class action suit against the brkville madrassa , what buffetts teachings have done to your brain might be a crime !! ucmtsu,no way.
DOWN is GOOD !
UP is GOOD !
Brkville is GOOD !