Down to $110, but if she really messes up more than any other guy in the history of IBM, I'd say down to $60-80 within a couple of years.
.......guaranteed buyout at $9 and trading at close to 20% Profit premium. It's like christmas come early.
Wish all stocks were as easy to profit from like this one. Buy RAD and go on vacation for a year from stocks.
....for doing nothing except waiting about 6 months for the $9 guaranteed buyout.
Come on idiots, drive it down to 20% profit and I'm in fully invested for the whole year. So easy, so very easy.
Then keep on buying till there's no tomorrow....and come back in 6 months to tell us you wish tomorrow didn't arrive and was back to today again instead.
shhh....don't tell Warren Buffett's portfolio mgr about that. But then he/she'll only tell Warren it's even better value still. Only thing for Buffett is that his portfolio mgr is right........but it'll only take another 50 years till Buffett breaks back even on this 'joke of a stock'.
Till then he'll collect his usual 1% dividend/year cheque.
Great long term thinker this young Portfolio mger is for Buffett.
Seriously now, Mgment should be ashamed of themselves. Get off the listings and don't waste everyone's time!!. Now management....shoooo.....and never come back to the market agaiin!!.
IBM is re-inventing itself all right. Living off the Fat of all the hard honest workers from generations and decades past. It will take a while to bring the big ship down to penny stock status. But I'm sure these intelligent politically correct top executives are more than competent to do this. Can't really blame them for being clueless, albeit very skilled and talented in office politics(ps: you can insert other similar phrases here) I imagine.
That statement From uncle Warren, sounds like a GM giving a coach a vote of confidence, just before additional losses pile up and then suddenly Fired. Will IBM stock suddenly be fired then?.
Uncle Warren doesn't panic. That's why he's a multibillionaire. But only human, and so not perfect.
But a Bad move listening to his underling suggesting that he pile into IBM. IBM is not even close to 'blood in the streets territory'. Poor Uncle.
Maybe his underling will convince Uncle to buy more IBM when it hits 100 or even below territory. Should be an even greater value by then huh?. Where have we heard this slogan before?. Oh yea, from all those brokers.
Poor Warren....1st time going against his own rules of buying something he doesn't understand. How long before he blows a fuse and fires the young whippersnapper who suggested he buy this dinosaur with a clueless tech unsavvy CEO running it now?. As the guru says, in good times 'a monkey can run a company'. These are not good times now though.
Maybe it'll be even greater value for Warren when " (I)'ve (B)een (M)ilked " falls further down to 110 bucks or less. By then it'll be like $60 or so under his purchase prices around $170 buck.
The stock only has to appreciate 50% for him to break even by then.
You must be on the executive board of CENX or something similar. Only you post pie in the sky, sunshine up the butt comments. Get real and go back to work in your little cubicle. You earned your pay at CENX.
Now go away.