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IBM, $141.86, is still a buy. The company (New York symbol IBM; Shares outstanding: 899.4 million; Market cap: $127.6 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%) is one of the world’s largest computer companies, with operations in over 175 countries. Due to Russia’s invasion of Ukraine, IBM is now winding down its Russian operations. The company has not yet said how much this move will impact its earnings. However, the charge will likely be small, as Russia accounted for less than 1% of IBM’s 2021 revenue. Excluding unusual items, IBM will likely earn $9.69 a share in 2022, and the stock trades at a moderate 14.6 times that estimate. As well, with the June 10, 2022, payment, IBM raised your quarterly dividend by 0.6% to $1.65 a share from $1.64. The new annual rate of $6.60 yields 4.7%. IBM remains a buy. ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $33.31 (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $4.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 5.3%; www.alliedreit.com) owns…

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