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Strategies & Market Trends : Dividend Growth Investing and chit chat.

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To: BasketballJ who wrote (1396)12/5/2021 6:46:58 PM
From: Dave the wildpitcher   of 2146
 
Re: "I've got enough time (under 30 years old) that if I can get either at what I deem a insanely cheap price with a belief in long-term turnaround I wouldn't hesitate to buy. (T or IBM)

I don't know what kind of investor you are, but:

I would not buy and hold T or IBM at any price for someone under 30. If your intent is to buy, ride them up, then sell to get something else, that would make sense to me.

T is in a mature business that is pretty saturated and competitive. They have historically been poorly managed.

IBM is in a good sector, but they have missed all the forks in the road for new technology. They still hold businesses (mostly mainframe oriented) that are in secular decline. They may pull out of it and start growing like Microsoft - if they do, they would be a fantastic buy. I'm skeptical, though.

Anyway, best wishes whatever you choose to do.

Dave
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