IBM: Big Blue Sees Crimson As It Blows Money On HashiCorp

Anne Czichos Timing is everything in markets. When we last covered International Business Machines Corporation (NYSE:IBM) we looked at the results and the valuation and felt that this was almost there at the right level for investors to exit and not look back. Specifically, we said: The only time when it was more expensive was when sales fell post COVID-19 and the stock rebounded back. At present, the odds of you making money here over the medium term look slim. The business is doing ok, but has long te ...