Excerpt from a CNN Money report, How to invest like a billionaire, dated 31 December 2014: “The company (Warren) Buffett may regret buying the most this year though is IBM…It’s by far and away the worst performer among the 30 top American businesses in the Dow. IBM is trying to reinvent itself by laying off workers and selling its chip unit at a loss. Buffett likes to stick with companies for the long-term, but so far, other investors aren’t impressed with the turnaround plan.”
What is bad news to other IBM investors may be good news to Warren Buffett. This post tells the reason: “Why Warren Buffett wants the shares of IBM to languish”.
Related posts: (1) “Why Warren Buffett invests in IBM”