Monday, October 15, 2007

IBM's earnings

IBM (118.03) reports earnings after the close on Tuesday. My over/under on the stock Wednesday is 123, and I like the over. IBM had a massive accelerated stock buyback, and it would make zero sense to have an accelerated buyback if they were going to deliver punk earnings. But sometimes Wall Street can't see beyond their nose, so I'll be clear. Crystal. And a bit more from A Few Good Men:
Jessup: You ever served in an infantry unit, Son?
Kaffee: No, Sir.
Jessup: Ever served in a forward area?
Kaffee: No, Sir.
Jessup: Ever put your life in another man's hands? And asked him to put his life in yours?
Kaffee: No, Sir.
Jessup: We follow orders, son. We follow orders, or people die. It’s that simple. Are we clear?
Kaffee: Yes, Sir.
Jessup: Are we clear?
Kaffee: Crystal.
http://www.youtube.com/watch?v=dwyj78FpYt4

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