Seeking Alpha

Matthew Lewis

 
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  • Apple: A Record Quarter That Slightly Disappointed [View article]
    September. Mass production has already started.
    Jul 23 12:56 AM | 8 Likes Like |Link to Comment
  • No, Apple Hasn't Screwed Up [View article]
    To be fair, Ashraf has given high praise to the A7 in numerous articles.
    Jan 21 09:08 AM | 6 Likes Like |Link to Comment
  • On Apple And Vertical Integration [View article]
    @marden23

    The chart uses the information given in Micron's 10-K for the fiscal year end August 29, 2013. You can find the numbers I used under item 1A Risk Factors on page 12 of the below link.

    http://bit.ly/188OUQL
    Nov 20 03:20 PM | 1 Like Like |Link to Comment
  • On Apple And Vertical Integration [View article]
    High praise. Appreciate the compliments.
    Nov 20 11:10 AM | 1 Like Like |Link to Comment
  • On Apple And Vertical Integration [View article]
    NWCats. Thanks for the reply. I do believe ensuring significant supply should be part of the calculation of whether to vertically integrate. We all hear the rumors of supply issues for components like fingerprint readers or displays, but do we really know the full story? Apple certainly knows more than us outsiders. I really think we should give Cook some credit here based on his past management of the supply chain. If he believed the benefits of more consistent supply out of Sharp could justify the costs of the acquisition I believe he would do it.
    Nov 20 10:38 AM | 1 Like Like |Link to Comment
  • On Apple And Vertical Integration [View article]
    Thanks Ashraf!
    Nov 20 09:28 AM | 3 Likes Like |Link to Comment
  • Samsung Is Apple's Worst Nightmare [View article]
    Thanks for the article.

    You didn't convince me that Apple should vertically integrate. I would have loved to see more analysis of the pros (expanded margin, better supply control) and cons (less choice, cost of investment) of doing a large scale vertical integration like the one you have suggested.

    Keep up the good writing. Love your articles.
    Nov 7 01:10 PM | 4 Likes Like |Link to Comment
  • 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
More on AAPL by Matthew Lewis
COMMENTS STATS
317 Comments
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