Buffett's big bet on Big Blue shows signs of life
Back in 2011 when he started buying shares, he told CNBC that he liked Big Blue because they lay out clear road maps and execute. He also pointed to IBM's position in other companies' IT departments, and IBM's propensity for stock buybacks. Since the beginning of 2012 through the third quarter of 2016, IBM has repurchased $46.8 billion in stock. Despite...