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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

11/03/21 at 5:01 AM CDT

 

 

READ: 2

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Sentiment:

Neutral

Reply to:

MSG`#5216,`10/21/21
By breinejm

 

Re: infrastructure idea

Waiting a bit is not a bad idea.

I bought a little IBM after it took a hit after its earnings, it is trading closer to the lower end of the channel that has been in place for years.  The company is splitting up, it will become two companies:  Legacy stuff and Cloud.  It has a new CEO who will remain the CEO of the new IBM Cloud (remainds in the DOW) and the legacy stuff will be spun off into Kyndryl this Thursday before market opens.

It pays a 5.19% so you get paid while you wait for the Cloud business to gain traction.  But you have to consider that IBM has been a perennial loser. This is essentially reinventing the business, so it comes with risks.

 

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