Business transformations are hard; i’ve watched a couple attempts from the senior executive offices and my portfolio has several, e.g., INTC, CSCO, T, VZ and GE. Of this list GE is the one that i have the least handle on and the least confidence. I have a cost basis of $17.54, but … the industrial IOT digital transformation was the narrative behind the long-term hold. Here is my dilemna: IBM looks interesting from both a transformation target (Big Data, Cloud Security) and a >4% dividend, BUT how many such transformations can i really manage in my portfolio? Can IBM pull off a similar transformation as MSFT? I decided to be a bit patient and see where the greatest discounts surface.