IBM is down and why
I purchased my IBM stock early this year and I was proud that each quarter my stock grew in equity. I checked the stock today and for the first time I'm loosing money with IBM. IBM is performing below the market for the quarter. According Ashraf Eases who writes for Motley Fool wrote:
"For its third quarter, IBM reported earnings-per-share of $3.68, which missed consensus by $0.64. Revenue came in at $22.4 billion, down 4% year-over-year, and missing consensus of $23.37 billion. Bloomberg reports that the company expects earnings-per-share for the year to be "down 2%-4% from $16.64 in 2013," implying a range of $15.97 to $16.31, badly missing consensus of $17.87 ."
Sell IBM or is it a bargain
Currently IBM is around $162 a share it's a bargain. This is the lowest for the stock in about 52 weeks which has reached over $192. I keep IBM in my portfolio because it is a steady as you go stock. Dividends at 2.7% or around $4.40 a share IBM continues to bring value.
Walking with our 80 year old aunt into the mountains
Seasons are changing and there is no better place than to observe this as to hike into the mountains of Korea. Getting away from the crowded city and the concrete pavement we found extremely refreshing after about a few weeks in the city. Residents seem to vacate the city on weekends and make a mad dash to the countryside.
Our 80 year old aunt loves to walk. Even though her knees are aching a little and she doesn't hike into the mountains as she did a few years ago but she can still out walks my wife and me.
Clean air and quietude where very few cars travel the road we traveled. The family property we went to visit can't be developed and considered by Korea's government as "Clean Space". The family property is located on a mountain which they have owned for over 300 years. As I walked with my wife and our aunt to this mountain top, I stopped to sit by a river. The water was cold but pure. I washed my hands and continued on.
Pacing my steps along the narrow streets allowed me to collect my thoughts. There was a several minutes of mediative pauses in conversation as we walked through farms lands, flowers spreading planted along the sidewalks and sound of the small river running through the rocks.
Korea mountains are mountains. Not hills located in a citywide landscape these are mountains. Populated with tons of trees thick.
Rice fields stand out
There were rice fields where farmers were busy loading up bicycle style tractors that passed by us. These three wheeler vehicles served the purpose by functional application and transportation.
These mountains have served Korea's well. Temples were built on them along with fortresses to guard against invasions. While now they serve as farming villages only a few houses are on these mountains. Years have past since there were no houses on these mountains and only dirt road.
We walked for several miles. Taking in the silence, observing Budda style protectors on one side of the street and a few barking dogs tied to their dog houses. There were CCTV cameras. A modern day convenience for farmers to protect their property.
Rice is the food of Korea. These yellow fields are spread throughout Korea's landscape. We eat rice with everything and I enjoy it. Since I've married a Korean, I eat more rice in the last 14 years than anytime in my life.
Mountains have many mysteries and many adventures for hikers. Though we only spent a few hours on this adventure, Any hiker dedicated enough can find more precious landscape to explore.