International Business Machines (NYSE:IBM) CEO Ginni Rometty did not show up to the conference call, per usual. IBM has missed earnings estimates every quarter for five years running. Its accounting measures continue to be confusing at best. With that being said, senior equity analyst Ben Nye focuses on the balance sheet. He highlights increasing book value as a proponent to view the stock positively, but is still not entirely convinced. Matt Krebsbach chimes in to say that investors should be very skeptical of management because it has taken back guidance numbers in the past.
