Always undervalued power lunch begins right now. Welcome to power lunch. Im melissa lee. Ibm is certainly the big drag on the dow shaving off about 25 to 30 points. Check out wall street. The fear index, not much fear there. The vix around tenyear lows. It was below ten earlier in the session. Still, a bunch of movers out there. Herbalife of note up 10 right now. Now to michelle. Im Michelle Carusocabrera live in paris, france, because the big president ial election is on sunday. The polls suggest there is no existential threat to the euro, that Marine Le Pen has no chance. But both she and her opponent emmanu Emmanuel Macron say not so fast. Oh, boy, it looks lovely there, michelle. Well be back with you shortly. Welcome, everybody. Im Tyler Mathisen. We begin today with ibm. Shares of big blue getting black and blue today. Bruised on the news Warren Buffett has sold off a third of his stake in the company and what makes the story even more intriguing is how his affection for jeff be
Disadvantage. That was a predeal with 108 dividend payout ratio projected for next year. Post deal, down to 70. The growth from enterprise r revenue at level three and synergies offset the declines and you fast forward and the new company two years out is a 2 grower at the top line. Not a 2 shrinker. We have the opportunity to take the best of both cultures, the best of century link and apply it across the bigger asset base. When do you see a deal 40 cash flow, increases the asset mix and the stock trades down . So management doesnt come together or you use the football analogy with the patriots not keeping tom brady on the bench. What happens if they give you the heisman . I think were in the fourth quarter. Were sharing this today. Weve had great constructive dialogue so far. We told them we would be sharing an idea. Theyve responded constructively. And then i believe the idea will snowball. I believe stakeholders will get behind this and that we can get this to happen. My goal is ge