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Wednesday, March 16, 2011

IBM to market perform?

I would love to get my hands on this Sanford C. Bernstein & Co report that highlights IBM to a market perform. I would love to pick at it line-by-line.

Seeing how, with the current decline, IBM's current forward PE is 10.82, off 7% from its high and technically consolidated, I will probably be extremely unimpressed with the report, which will lead me to call Sanford C. Bernstein & Co a bullshit know-nothing lazy firm. (Only because I am so well versed with the company, I am so f-n curious as to what is the driving factor.)

Or maybe they are just issuing this report for some corporate client.

Either way, I call bullshit.

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