IBM $120.75 Entry / Great Recovery Company0. We are looking at IBM lately, and like what we are seeing.
1. We like IBM, summed up here:
IBM Deep Dive: Strategy Shift Driving Growth; Attractive Share Price And Dividend Yield
Summary
IBM is successfully pivoting itself away from its declining legacy products and towards growth as a cloud, software, and services company.
60% of IBM’s revenue is recurring, and the Company touts a long-tenured, highly diversified customer base.
For the first time in over a decade, we expect IBM to return to sustained growth in 2021, driven by a successful business transition.
Considering IBM’s forecasted growth, thecurrent valuation levels are highly attractive.
IBM pays a handsome dividend yield of 5.3% and has a 25-year history of increasing its annual dividend.
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