Friday, August 6, 2010
Good news for International Business Machine (IBM), bad news for investors. On August 2nd, IBM sold $1.5 billion of 3 year debt at a 1% interest rate. This rate is a mere .3% higher than government debt with a 3 year maturity and 50% less than the dividend yield on the common stock.
The Wall Street Journal had a great article talking about IBM’s remarkable track record of being...




