Everyone Is Talking About This Stock. Is It a Good Long-Term Option?

If you'd forgotten about International Business Machines (NYSE: IBM), you're not alone, and you're forgiven. It used to be royalty within the technology arena, but the company's dominance and stature has been steadily chipped away by newer, better tech solutions. IBM's sales peaked in 2011, beginning a 10-year contraction that by some measures is still underway. The COVID-19 pandemic and last year's spinoff of its managed infrastructure services business Kyndryl continue to obscure its actual results.

The small, quiet crowd talking about IBM, however, is getting bigger as well as louder. They're seeing signs of life from the organization that many had all but given up on. Moreover, the crowd has good reason for its renewed interest.

There's no denying most of IBM's wounds were self-inflicted.

Source Fool.com