Please..Look at the number of shares outstanding...They borrow to buy stock and it makes their EPS look better..It what keeps that POS IBM alive...The old Gerstner slight of hand. And those morons o CNBC and Bloomberg never say a thing.
They have great debt coverage but in the new world of finance these dopey CFOs get talked into buying their stock for that great 3% return. Is there anything else out there with a better return????