IBM Snatches Up SPSS

Fifteen months, I highlighted SPSS (SPSS), the predictive analysis company, as a good stock to own during tough economic times. When I wrote about SPSS, it was around $42 a share and it promptly dropped in half. So much for my predictive analysis.
Fortunately, IBM (IBM) came to my rescue today (admittedly, that probably wasn’t their top priority). They’re buying SPSS for $50 a share.
The lesson is an old one: Just because a trade goes against you doesn’t mean you’re wrong. Good stocks show their value, but it takes patience.

Posted by on July 28th, 2009 at 12:22 pm


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