IBM Stock Review - Finally a Turnaround

22/04/2023 20 min

Listen "IBM Stock Review - Finally a Turnaround"

Episode Synopsis

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Our IBM stock review looks at the company's progress since Ginni Rometty stepped down following the acquisition of Red Hat. $IBM stock performed horribly during Ms. Rometty's tenure, and revenues slumped harder than a smack addict following a fix. Fortunately, revenue growth appears to be finally resuming as the new CEO bets IBM's future on the hybrid cloud and AI. We're invested in IBM as part of our dividend growth investing strategy, and IBM's dividend seems safe enough given the company's plans for expanding free cash flow while returning some money to shareholders and using some for growth. Since Arvind Krishna became CEO of IBM in April 2020, IBM has acquired more than 25 companies, bolstering its hybrid cloud and artificial intelligence (AI) capabilities. This IBM stock analysis is a must-see for anyone invested in IBM or thinking about investing in IBM.