Blood Red From Big Blue: Why IBM Is Crashing, In Charts

–  Blood Red From Big Blue: Why IBM Is Crashing, In Charts (ZeroHedge, Oct 20, 2014):

Remember when three short months ago we revealed what was “the scariest chart in IBM’s history”, namely the one showing IBM’s total debt to equity ratio? With this chart, incidentally, we also explained why IBM’s ridiculous stock repurchasing strategy, which had seen $37.7 billion in stock buybacks since 2012, or more than the total debt issuance of $33.6 billion during the same period could not continue and why, inevitably, IBM would have a massively disappointing quarter? Well, that quarter just hit, when moments ago in an early press release, IBM reported abysmal adjusted EPS of only $3.68, a huge miss to the $4.32 Wall Street expected, mostly a function of one simple thing: the buyback “strategy” finally hit a brick wall.

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