TheStreet’s Action Alerts PLUS Co-Portfolio Manager Jim Cramer says IBM had an “outstandingly bad” quarter in terms of cash flow and revenue growth, which was non-existent. IBM stock would be down even more if Warren Buffet hadn’t endorsed it and if the company didn’t constantly buy back stock. Cramer says IBM has no growth – something he likes to see from technology companies – and he thinks IBM is not a stock to own even though analysts are sticking by the company.
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