Time To Sell – IBM
I have been the biggest IBM bull for the last five years. The total return has been excellent despite only really getting going price wise here in 2023, because of the steadily increasing dividend that averaged close to 5% over this period. Now because of this woke, jackass CEO it is time to sell. The cloud, AI, quantum computing and chip strides the company is making probably bode well for the future, but unless the board gets rid of him, I would get out and stay out. They are likely to be hit with massive class action lawsuits by employees let go and penalized by these woke policies. (This is not investment advice, just my opinion.) https://www.zerohedge.com/political/ibm-slapped-federal-civil-rights-complaint-after-racist-ceos-obviously-illegal-hiring