buybacks are projected at 2-3% share reduction, a lot of the debt is in financing division. you're a moron.
why sell?... the shares will probably trade over 200 in a few years plus all the dividends you can collect along way.
Everything in my post is accurate. Do a google search to determine his average share price and when he made the purchases. Then just look at chart and add up the dividend payments.
his average share price is about 170. He's collected 13.10 in dividends. So his break even price is 157. Also he is using his own money since virtually all of his wealth is in brk shares.
The recent contracts deals have been multi year and one was a 10 year contract. Does IBM put out any info about what their average contract maturity is?
I'd also like to point out that of the 45.7B total debt, 28.6B is from the global financing unit. That leaves IBM with only 17.1B company debt.
I'm excited about the partnership with Apple. IBM will be able to sell apps using watson with the products.
they have been issuing new shares and debt to pay the dividend. not sustainable unless they bring their capex down. Hopefully all the capex they have been doing last 5 years is expansion and maintenance capex. If not something is going to give.