IBM—I had to hold my breath at 4pm today, but my gamble of adding IBM twice during June (#msg-89257812, #msg-89470553) seems to have worked insofar as the 2Q13 numbers met or exceeded the Street’s expectations and the stock was up in AH trading.
My premise for buying was that IBM wouldn’t lay two eggs in a row (#msg-87045399), and they didn’t. More important, the guidance for 2015 non-GAAP EPS of at least $20 remains intact, which makes a share price in the vicinity of $200 cheap in my opinion.
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