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No. of Recommendations: 2
In the case of IBM, Ginni has been bad for investors, and bad for employees.

company expects to do 12b in FCF on a current cap near 140b, but the company's biggest sin is not in producing top line growth even if that growth is not profitable. If it matters, last year AMZN did 6.5b in FCF, but they also spend a LOT of money making sales go up, including buying - i know, this is hard to believe - a high end grocery store. But they get a pass. I'm not defending her, we are building a new capitalist society where, apparently, profitable is optional and free cash flow is irrelevant cause the future is always certain so any spending today ensures that you enlarge your moat, even if with many companies this may not be true (it clearly will be for others). As a customer, that makes me very happy, but maybe it isn't completely sustainable? I don't know. But something is weird...
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