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Warren Buffett bet on IBM lost more than 800 million

via:博客园     time:2017/4/20 21:00:18     readed:1182

No one because IBM shares fell the loss suffered more than the stock Warren Buffett (Warren Buffett) greater.

The billionaire has become the largest shareholder of IBM through its name, Berkshire Hathaway. Since Tuesday's close, IBM's share price has been falling as it has seen a decline in revenue for 20 consecutive quarters.

On Wednesday morning, Buffett's IBM stock lost about $ 10 a share, with a total loss of about $ 812 million.

Buffett's Berkshire Hathaway holds 8120 million shares of IBM, or about 8.6% of all IBM's outstanding shares.

However, you do not have to feel sorry for Buffett, because taking into account the dividends, his return on investment is not bad. If he held the IBM shares did not change, then he received dividends this year has reached about 1.8 billion US dollars. If you do not count this dividend, then IBM's stock price is now lower than his guaranteed price of $ 170 about $ 10.

In terms of profit, IBM has actually surpassed Wall Street's expectations. Wall Street analysts expect its profit to be $ 2.35 per share, and its actual profit per share is $ 2.38. But its revenue is lower than people expected. Analysts expect revenue to reach $ 18.99 billion, resulting in a real revenue of only $ 18.66 billion.

"Our various businesses are continuing to develop. I believe that IBM will take off again. "Said Martin Schroeter, IBM chief financial officer.

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