Amareos

Federico Bagiotti, CFA

Equity Bottom-Up

International Business Machines / Equity Bottom-Up

When we last published on Big Blue<a href="#_ftn1" target="_blank">[1]</a> in early December, we concluded that the stock price had scope to perform well. Over the following month, it gained 10% -outperforming the S&amp;P500 by more than four percentage points.Unfortunately, this better performance proved unsustainable and since the Wall Street peak in late January, IBM’s stock price has fallen more than 16% - significantly worse than the pullback seen in the broader US equity market.Adding to the company’s woes, earlier this month…

When we last published on Big Blue[1] in early December, we concluded that the stock price had scope to perform well. Over the following month, it gained 10% -outperforming the S&amp;P500 by more than four percentage points.Unfortunately, this better performance proved unsustainable and since the Wall Street peak in late January, IBM’s stock price has fallen more than 16% - significantly worse than the pullback seen in the broader US equity market.Adding to the company’s woes, earlier this month…

International Business Machines

IBM Revisited. Bigger Blues Now?