Thread regarding IBM layoffs

IBM CFO says he's 'confident' that IBM will grow again

Amusing quotes for sure!

http://www.cnbc.com/2017/04/18/ibm-cfo-says-hes-confident-that-ibm-will-grow-again.html

"'The portfolio will grow. I am confident that the IBM company will grow again,' Schroeter said. 'We're taking time to make sure we invest in the right places and make sure we get the kind of margin high-value profile we're looking for.'

'We have not been solely focused on just that top line, headline number of "when can we print growth." Had we wanted to print growth, we probably wouldn't have divested of $8 billion worth of businesses. We'd probably reduce our investments overseas, where, obviously, there's a currency impact, so that has not been our focus, and so that 20 quarter headline is probably not the framing that we're thinking about,' he added."

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Nobody believes him. Nobody.

His family does not believe him, his team does not believe him, investors do not believe him. Nobody.

The only thing that's keeping things afloat is the dividend and once that's cut, it'll be a fast train down the hill.

Yet, the most lethal blow will be Buffett bailing or significantly reducing holdings, which I anticipate to happen within next 24 to 36 months. No insider info here, just my gut feeling...

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