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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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