What's wrong with IBM?
Shares of the computing giant were down over 5% Thursday after the company missed sales estimates. Does this mean investors should get out now?
Of course, as Motley Fool One Analyst Jason Moser points out, the company still generated almost $24 billion in sales this quarter, but the news certainly doesn’t help IBM’s case.
According to Jason, the company has suffered a tough 2013: it only met earnings estimates thanks to a tax benefit, sales in its international markets were down, and sales at its hardware division weren’t strong.
After seven consecutive quarters of missing sales estimates, Jason is a skeptical about IBM’s future.
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