Buffett Buys IBM: A Quality, Improving Stock At A Good Price
By Turnkey Analyst:We saw last week that Warren Buffett bought about $10.7 billion worth of IBM (IBM) stock. “I felt that IBM had a very good business,” said Buffett. Many commentators expressed surprise at this development, as Buffett has traditionally chosen to avoid technology stocks, whereas IBM is in many ways a quintessential technology stock; the company provides a wide variety of technology services and products, including enterprise software, cloud computing, business analytics and IT solutions to firms worldwide. The company was founded in 1911, and employs over 400,000 people. We are always curious to see how stock picks from the Oracle of Omaha measure up in quantitative terms, so we ran IBM through our company search feature, which gives a an overview of subject companies across a number of statistical dimensions.
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Our Turnkey Fundamental Factors for IBM, above, show a Quality Measures score of 76.8%, and a PricingComplete Story »