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DewDiligence

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DewDiligence

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Re: DewDiligence post# 6882

Saturday, 04/20/2013 3:19:20 PM

Saturday, April 20, 2013 3:19:20 PM

Post# of 30493
IBM addendum: In #msg-87045399, I said IBM deserved the benefit of the doubt regarding its bad 1Q13 results because it’s been such a reliable performer for a long time. Well, according to the WSJ (http://online.wsj.com/article/SB10001424127887323309604578433132104842610.html ), IBM had met sells-side analysts’ EPS expectations for 31 consecutive quarters (almost eight years) until the current miss.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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