Phil, Sine the Euro is likely to fall farther there will be a disadvantage for US businesses such as IBM depending on foreign sales. Given IBM's admission that earnings will be down in 2015 already and their stock repurchase being roughly half what it was last year is it reasonable to expect a further drop in the stock from here in the medium term at least?
January 22nd, 2015 at 11:52 am
Phil, Sine the Euro is likely to fall farther there will be a disadvantage for US businesses such as IBM depending on foreign sales. Given IBM's admission that earnings will be down in 2015 already and their stock repurchase being roughly half what it was last year is it reasonable to expect a further drop in the stock from here in the medium term at least?