International Business Machines Corporation (IBM) has been a very polarizing stock amongst investors. The company had been criticized for its capital allocation issues in the past, including its excessive focus on buybacks despite its high debt. Combined with its thin growth prospects as a result of its legacy divisions lagging over the past several years, IBM stock has been treated as a deep-value, high-dividend name. For this reason, shares of IBM significantly underperformed the tech sector over the past decade. The stock is currently trading at the same levels it had close to 2010, after all. However, IBM appears to have gained increased appreciation from the market lately.
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Grafico Azioni International Business M... (NYSE:IBM)
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