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.