Why 2017 Was a Year to Remember for International Business Machines Corp.

Why 2017 Was a Year to Remember for International Business Machines Corp.

At the end of 2016, I expected IBM (NYSE: IBM) to have another quietly transitional year in 2017. Big Blue had some big growth drivers up its sleeves, but these game-changers often take a while to mature.

"As a shareholder myself, I could live with another couple of years at lower prices so that the reinvested dividends can buy more stock at lower prices, but I'll also cheer when the big breakthrough finally arrives," I said.

That's exactly what we got. As 2017 winds down, IBM shares have lost 7% of their value this year -- missing out on the 19% gain for the S&P 500 market index. But the stock may have bounced off a long-term bottom here, and 2018 is starting to look downright exciting for IBM investors.

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Source: Fool.com