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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (45565)	2/3/1999 9:00:00 PM
From: Knighty Tin	Read Replies (2) of 132070

To All, IBM is acting kinda puny lately. I don't understand it. The co. grew net income at a .1% rate last year and eps at over 3%. Why shouldn't that be worth an all-time high and 28 times eps? True, this year will stink relative to those torrid rates of growth, but, hey, you have an earnings yield that is only 29% lower than T-Bond yield, and a corporate leader whose ethics are held in the same regard as those of the President, himself. The bulls must be asleep at the switch on this undiscovered jewel. A real cubic zirconium special. <G> MB

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