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Matthew Lewis

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  • Don't Believe The Hype: Apple's Growth Story Is Not Over [View article]
    Thanks for the article.

    Using operating cashflow can be a little misleading when doing this kind of analysis (look at how much Apple benefited from with the accounts payable category this quarter). Using this method over the long term can work well, but I don't like it when comparing two points in time.
    Jan 25 12:55 PM | 1 Like Like |Link to Comment
  • Apple As The New RIM [View article]
    A preposterous article.
    Jan 24 03:49 PM | 2 Likes Like |Link to Comment
  • Why Apple Should Announce A $100 Billion Stock Buyback [View article]
    Actually a lot of companies are borrowing money to repurchase stock instead of repatriating cash. Wal-Mart has done it for years and Intel just did a huge bond issue for repurchases.

    Why pay 35% to repatriate cash when you can borrow for 10 years at 3%?
    Dec 26 02:58 PM | 1 Like Like |Link to Comment
  • Why Apple Should Announce A $100 Billion Stock Buyback [View article]
    That doesn't always mean they do the right thing. As a shareholder I'd love to have some color on why they need that much cash.
    Dec 24 12:06 PM | 1 Like Like |Link to Comment
  • Why Apple Should Announce A $100 Billion Stock Buyback [View article]
    CFO's of companies are often terrible at allocating capital. There's a reason why Warren Buffett takes over the role of capital allocation when he buys up a company.

    I'm not sure how anyone can defend having 71% of a companies assets return less than 1% a year.
    Dec 24 11:46 AM | 1 Like Like |Link to Comment
  • Why Apple Should Announce A $100 Billion Stock Buyback [View article]
    You honestly think they need $110 billion in working capital?
    Dec 24 09:43 AM | 1 Like Like |Link to Comment
  • Why Apple Should Announce A $100 Billion Stock Buyback [View article]
    I love my companies to be conservative, and I'm an owner of Apple. However, the capital allocation of this company is preposterous. There is no way to defend $125 billion in cash sitting on the balance sheet earning less than 1% interest.

    I'm not saying I agree with a $100 billion buyback, but keeping that much money on the balance sheet earning so little is a disservice to shareholders.
    Dec 23 09:39 PM | 2 Likes Like |Link to Comment
  • Apple And Microsoft: A Holiday Retail Study [View article]
    Apple actually has $121 billion in cash per the latest 10-K. It's probably close to $125-$130 billion now.
    Dec 21 12:28 PM | Likes Like |Link to Comment
  • Apple And Microsoft: A Holiday Retail Study [View article]
    @Pearljam

    I stopped by the local Best Buy and Target and saw the same thing...64GB only. Best Buy had the Surface tablet and I asked the guy if they had sold any. He said no, but they just got in the day before. He said sales were good for the regular iPad and Mini, even though they only had the 64GB ones.
    Dec 21 10:02 AM | 1 Like Like |Link to Comment
  • Apple And Microsoft: A Holiday Retail Study [View article]
    @Dean. We struggled with our decision on who to count. If I had to do it over again we'd count everyone for the reasons you listed. However, we didn't want to run into the issue of the 10 year old kids that are going in and out of the store seven times to play with the Mini or X-box's.

    In all honesty, it was probably a percentage wash between the two stores and I don't think it would have skewed the gross numbers much.
    Dec 21 10:00 AM | Likes Like |Link to Comment
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259 Comments
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