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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: stock bull who wrote (52459)7/7/2011 3:47:20 PM
From: joefromspringfield2 Recommendations  Read Replies (2) | Respond to of 103300
 
Stock Bull ask:

PS: OT...I know that this board is on the Obama issues. However, I was wondering if anyone had some thoughts on IBM's downgrade today?

I have owned IBM since 1993. It is trading today at about 16 x's what I paid for it. I will continue to hold because I think they can continue to increase earnings year over year. The falling dollar has been a big factor in their earnings growth. If I thought the dollar was going to turn around I might think about selling. It's a good company but it might be close to fully priced based on this years earnings.