Following International Business Machines (IBM) 21st consecutive quarter of declining year over year revenues per its Q2 FY2017 earnings release on Tuesday, July 18, 2017, my fellow Seeking Alpha contributors have posted no less than 20 articles in reaction to this seemingly endless story.
During a week of multiple forensic financial autopsies, I could almost envision the approximately 270,000 real-time followers of IBM on SA scrambling in a myriad of directions, taking new or renewed stands on the company and its stock. Whether bullish, bearish, or the safer and secure neutral, right now IBM is all over the investment theses map.
But let’s pretend that IBM's Q2 FY2017 theme music has stopped and we are lucky enough to find a cushioned chair to land. Take a deep breath, pull up your new found seat and join Main Street Value Investor as we weigh in on IBM the hard way, with a fundamental analysis of the company and valuation of the stock, our first research dive into Big Blue since January.
