Faculty News

Professor Aswath Damodaran explains why he believes IBM stock is a "value trap"

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Excerpt from CNBC -- "... I look at an IBM and it's a stock that looks cheap, that's looked cheap for a while and it keeps looking cheap. And unlike the other tech names, for instance Apple, I look at IBM and I can't see anything happening in the business that's exciting. So if it makes it back, it'll be purely as a dividend play. So to me, it's a stock that will continue to look cheap."

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Additional coverage appeared on Yahoo Finance.