Thread regarding IBM layoffs

IBM bear says free cash flow is overstated

A downward trend on the horizon. . .


"Apr. 10, 2017 12:40 PM ET

After pulling out one-time items like a lower tax rate, Bernstein’s Toni Sacconaghi figures IBM's 2016 free cash flow was more like $9.1B, rather than the $11.9B reported. He expects FCF will be inflated by one-time items again this year.

His comments today follow last week's note that IBM's multiple of free cash flow had 'expanded materially' over the past few years.

Sacconaghi has a Market Perform rating on IBM, with $150 price target suggesting 12% downside."

by | Post ID:
535 views | no replies
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

There are no replies in this thread yet. Be the first to post a reply below:

Post a reply


Related pages

scottrade seating chartwhole foods in jackson msjobs at humanajourneys parkway place mallapple store village pointpetco corporate office numbercsc stock quotekaiser sunnyside medical center addresschamplain valley physicians hospital medical centeramex india jobsstaples brandonseachange international newsoceaneering international jobsflorida hospital tampa carrollwoodapache oil corporationpierson publishinglowes hardware calgaryapple west farms mallapple store woodland hills tulsafranklin resources stock pricekmart charlottesvillehobby lobby tickerb of a locationjb hunt tickerswitch to verizon wireless from at&twells fargo bank in st kmartfreeport mcmoran copper & goldcaterpillar layoffssears toronto hourssuperior energy services lafayette lakinder morgan jobs houstoneog resources stockprecision castparts corp newshow much do directv technicians makeburlington coat factory downtownpaychex inc rochester nyshopko ashwaubenoncenturylink hiringigate companyjourneys lake charles laqualcom stockwageworks cowalmart corporate office phone number bentonville armission regional medical center mission texasroosevelt field mall apple storechase bank colleyville texascitrix ft lauderdale fl88sears.comapple oakridge mall san josesports chalet irvinesales associate home depotrsc.orgsam's club careersony san diego jobsfreeport mcmoran californiaespp etradeey cleveland officegetmyw2drilling info austinchicos closingchase teller hiring processapollo group 401k hewittcourier express tampawesterngeco schlumbergerwalgreens managers salarycanrig calgarypsx phillips 66www sunopta comhitachi global storage technologiesapple topanga malllowes manager salarycarepoint health hobokenwalgreens headquarters locationabercrombie & fitch corporate headquartersdril quip