Here's a reason to still buy IBM

If you thought the company was over the hill, you haven't been paying attention.

By Motley Fool Investor Beat Apr 1, 2014 4:22PM
With PC sales in secular decline and IBM (IBM) largely missing the mark in terms of capitalizing on the exploding smartphone and tablet mobile market, some investors have become worried that the mature chip-maker has its best days behind it.

However, in this special April Fool's day edition of Stock of the Day, Motley Fool analyst Blake Bos tells host and vocal talent extraordinaire Mark Reeth about the biggest reason that he just bought shares of IBM, and still considers it a core holding in his portfolio.
He sees a number of major trends that will be catalysts for IBM over the next several years, including the cloud computing trend, and the advent of Big Data. As a leader in IT today, he thinks IBM has an excellent chance of continuing to grow with some of these mega-trends.A man walks past the IBM logo at the CeBIT technology trade fair on February 28, 2011 in Hanover, Germany (© Sean Gallup/Getty Images)

Also, Blake discusses the unique way that he bought shares. He discusses the direct stock purchase plan that he used to buy IBM, which allowed him not only to buy without a brokerage account, but also to avoid the fees one would normally pay to make a trade.

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Tags: IBM
2Comments
Apr 2, 2014 9:02AM
avatar
IBM is a fantastic company to own.  Just like G X said, "Reason to buy IBM.... It's IBM".
Apr 1, 2014 6:28PM
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