No, we’re not starting to make stock picks now, but you kind of have to question the critical thinking skills of the management of IBM.
They decided to build a $350 million data center in Durham County and only received $750,000 in corporate welfare!
Don’t they know the going rate for data centers is in excess of $200 million? What were they thinking doing the deal for so cheap?
If they would have just moved the data center one county north to Granville, they could have easily blackmailed the General Assembly for two more zeros on the end of that number (at least!).