By J. Royden Ward, Editor of Cabot Benjamin Graham Value Letter
From Cabot Wealth Advisory 10/21/10 Sign up for free Cabot Wealth Advisory e-newsletter
International Business Machines (IBM) is the world’s largest information technology company. IBM is taking advantage of increasing demand for software services from overseas corporations, which make up 65% of total sales.
Revenues, earnings and dividends increased 5%, 10% and 15% respectively during the past 10 years. We expect IBM to increase EPS and dividends by 11% to 12% during the next five years. The company is poised to take advantage of the anticipated up-cycle in technology.
IBM shares are reasonably priced at 11.6 times forward EPS. Dividends have been paid since 1916 and currently provide a yield of 1.9%.
J. Royden Ward
Editor of Cabot Benjamin Graham Value Letter
A lifelong investment professional, J. Royden Ward applies his 40 years of investment research, portfolio management, writing and publishing experience to his role as analyst and editor of Cabot Benjamin Graham Value Letter, which is directed to long-term investors seeking a guide to profitable value investing based on the time-tested systems originally developed by Benjamin Graham, the Father of Value Investing. A second-generation disciple of Benjamin Graham, Roy in 1969 pioneered the development of a computerized model that applied the formulas developed by Graham using a unique ranking system. Today, Roy applies his system to two models in the Value Letter.
Cabot Benjamin Graham Value Letter: Protect Your Wealth and Earn Double-Digit Returns
This ultra-safe investing method protects your wealth and brings you double-digit returns. Cabot Benjamin Graham Value Letter uses a time-tested system to bring investors the best undervalued stocks in the market. Check out some of these recent double- and triple-digit gainers: Bucyrus: up 120.7%; FactSet Research: up 75.0%; Deckers Outdoor: up 123.9% … and more! Click here to get started: Cabot Benjamin Graham Value Letter
|International Business Machines (IBM)
1 New Orchard Road
Armonk, New York 10504-1722
|Index Membership: Dow Jones Composite, Dow Industrials, S&P 100, S&P 500, S&P 1500 Super Comp |
Industry: Diversified Computer Systems
Full Time Employees: 410,830