Here's a reason to still buy IBM
If you thought the company was over the hill, you haven't been paying attention.
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.
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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Despite its size, the IPO will create just two new members of the 10-figure club from its executive ranks. A few others could net hundreds of millions.
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