Apple cut to Sell at Standpoint over moral reasons


"For Apple (AAPL) to pay their workers $2 an hour while they have $150B in the bank is nothing short of obscene," writes analyst Ronnie Moas, downgrading the stock to a Sell. "Instead of treating their employees like human beings, they are treated like animals. If it were not for their employees, Apple would not be where it is today."

The stock's off 0.8% premarket.

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Comments (141)
  • Quoth the Raven
    , contributor
    Comments (2063) | Send Message
     
    Ridiculous.

     

    http://seekingalpha.co...
    6 Jan 2014, 07:44 AM Reply Like
  • financeminister
    , contributor
    Comments (1201) | Send Message
     
    Good response. This is wall-street - the greediest pigs in the country and they think they can lecture about morals sitting in their ivory towers. I like to ask this guy what's the hourly pay of the lowest paid worker in his company and his hourly pay.

     

    Another reason why this sounds so stupid and immature is that 2 dollars an hour goes a very long way in a country like China and India than in the US so basically this guy does not know what he is talking about. That kind of hourly pay is what under graduate software engineer freshers get out of college working in multinational corporations like Accenture and IBM in India. I'm talking about India because I know the cost of living in India and the standard salaries in the IT industry. When it comes to China, one dollar should go far more than in India. So yes, this guy is talking total moral BS.
    6 Jan 2014, 07:59 AM Reply Like
  • Mercury Value
    , contributor
    Comments (568) | Send Message
     
    This. Especially with last year's inflation in the rupee. The analyst in question seems to have some trouble with the concept of exchange rates.
    6 Jan 2014, 08:14 AM Reply Like
  • MajorDude
    , contributor
    Comments (280) | Send Message
     
    You might as well decide not to own the stocks of any company that makes: computers, electronics, automobiles, apparel, small appliances, shoes or any company that sells hard or soft goods at Wal-Mart. You should exclude companies that manufacture in China, India, Bangladesh, Pakistan, Vietnam, Taiwan or any countries in Asia outside of Japan.

     

    Apple actually pays better than many companies in the region. And Apple has recently begun manufacturing in the United States again, after moving most of their manufacturing from America to Asia in the 1990s. They did so in reaction to their competitors, who were cleaning their clocks.
    6 Jan 2014, 08:32 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Apple uses external companies to do its manufacturing.
    6 Jan 2014, 09:02 AM Reply Like
  • Salim_usam
    , contributor
    Comment (1) | Send Message
     
    That was going to be my exact reply! I mean if companies start paying 2 dollars an hour in India then no one would study, why the fu*% should they when they will get paid MORE working on a factory floor? Its like the saying that goes something like this: " there are millions of planets revolving around millions of suns revolving around millions of galaxies all revolving around one point in the center of the universe." Sadly, that center is not the United States of America and its norms.
    6 Jan 2014, 09:07 AM Reply Like
  • Tradevestor
    , contributor
    Comments (5011) | Send Message
     
    One more but focused on Tobacco stocks Here is a quick article about this so called downgrade.

     

    http://seekingalpha.co...
    6 Jan 2014, 10:46 AM Reply Like
  • Patience29
    , contributor
    Comments (229) | Send Message
     
    Mercury:

     

    "The analyst in question...". Bingo. An analyst that trashes a stock and downgrades it to Sell based on unbridled emotion is no "analyst".

     

    This smacks of stock manipulation imo.
    6 Jan 2014, 11:02 AM Reply Like
  • platonicbomb
    , contributor
    Comments (1607) | Send Message
     
    it's not THAT bad. people with any career goals would definitely still study.
    6 Jan 2014, 01:01 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (12927) | Send Message
     
    Good grief; Mr. Moas writes like he's 12.
    Maybe he should look at the region in which this plant resides and make a comparative analysis.
    My guess is that these factory workers are probably better off than most in the region.

     

    what a dope.

     

    I'm downgrading Mr. Ronnie Moas to an Ignore.
    6 Jan 2014, 05:00 PM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    I know that the "analysts" comments are idiotic but he is talking about wages of $2/hr in China, so devaluation of ruppe doesn't have much effect on that, infact Chinese currency strengthened wrt. dollar the past year so effect would be the opposite of what you are trying to say.
    6 Jan 2014, 06:38 PM Reply Like
  • Mario Squicciarini
    , contributor
    Comments (32) | Send Message
     
    Where's the morality section on their 10-Q?
    6 Jan 2014, 07:46 AM Reply Like
  • the_value_vulture
    , contributor
    Comments (434) | Send Message
     
    Morale reasons for the downgrade!?!?! This takes the cake!!
    6 Jan 2014, 07:47 AM Reply Like
  • vbbv
    , contributor
    Comments (135) | Send Message
     
    Yeah because Apple is the ONLY corporation in the world to do this. WalMart's & GAP's Bangladeshi contractors for example work in 5 star hotels last I heard.

     

    WHAT. A. JOKE.
    6 Jan 2014, 07:48 AM Reply Like
  • maekuz
    , contributor
    Comments (17) | Send Message
     
    You have to remember that Samsung's smartphones are being engineered and assembled by retired millionaires in their spare time.
    6 Jan 2014, 07:48 AM Reply Like
  • hko2012
    , contributor
    Comments (752) | Send Message
     
    Yeah and Samsung even has $151B in the bank.
    6 Jan 2014, 08:00 AM Reply Like
  • Azazello
    , contributor
    Comments (1779) | Send Message
     
    I am not sure what the sentence means...
    7 Jan 2014, 07:26 AM Reply Like
  • Azazello
    , contributor
    Comments (1779) | Send Message
     
    Well, one has to be careful as she had complained to the board admins and they have removed a few of my comments for my harsh language. So I am NOT saying that she is a troll or a shill, because saying troll or shill is disrespectful and would hurt her feelings being labelled for trolling or shilling so why would I say thing like that? Trolling and shilling is just such nasty language and would hurt her feeling to be called a troll or a shill. Everybody needs to understand this: I am not saying that hko2012 is a troll neither that she is a shill. We are clear I hope! "Nobody's gonna hurt anybody. We're gonna be like three little Fonzies here. And what's Fonzie like? Come on Yolanda what's Fonzie like?" So I will be cool and not throw around thoughtlessly the words troll or shill as I was warned by the admins to do, okay. So let's be clear I am not saying that she is either or troll or a paid shill, why would I say such a thing? I want to make sure that both she @hko2012 and the admins understand that I am NOT saying that she is a troll nor a shill. Okey, bokey? She is not a troll nor a shill—just want to make sure that we are on the same page, Yolanda—we are going to be cool without throwing around troll and shill.
    7 Jan 2014, 07:27 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    The switch from Capitalism.

     

    People are more than glad for their earnings at Foxconn in that at least they receive their pay and before had umpteen overtime pay.

     

    The USA is a welfare state as opposed to China a capitalist country.
    6 Jan 2014, 07:50 AM Reply Like
  • MarketingMaven
    , contributor
    Comments (147) | Send Message
     
    You're joking of course. China a capitalist country? The USA a welfare state?

     

    Let's see - where does the world's investment capital flow - the USA or China?

     

    Which nation has a lively political system with multiple parties?

     

    Whose currency is the global benchmark?

     

    Which nation floods Africa with fake malaria drugs?

     

    Which government underwrote university development of a fake heparin precursor that killed hundreds of surgical patients worldwide? Or gave export licenses to a chemical company that laced pharmaceutical grade glycerin with antifreeze, killing thousands of third-world babies?

     

    Or, after one episode of pet food being diluted with melamine, killing thousand of pets worldwide, winked at the violators - who then added melamine to infant formula, sending 300,000 Chinese babies to hospitals with kidney failure, overwhelming the nation's pediatric renal dialysis capacity?

     

    Which nation attracts the other's brightest and best? How many Indian entrepreneurs have made their fortunes starting tech companies in each country?

     

    How likely would China's equivalent of a black man - the Uighurs - get elected president?

     

    Which country do you want to be the world's policeman?

     

    America, for all its faults, is still the model that capital and humanity seek to emulate. Wade into any crowd rioting outside a Middle East embassy with a stack of green cards, and see how quickly they're seized.

     

    You right-wing America haters make me sick! Go join Edward Snowden.
    6 Jan 2014, 09:09 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Finally, I think Edward Snowden should be shot for releasing state secrets.

     

    But MM you really need to separate what capitalism is and your other points as I sent you.

     

    And that's what the USA is all about discussing how it could be a stronger nation.
    6 Jan 2014, 09:22 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Finally, I think Edward Snowden should be shot for releasing state secrets.

     

    But MM you really need to separate what capitalism is and your other points as I sent you.

     

    And that's what the USA is all about discussing how it could be a stronger nation.
    6 Jan 2014, 09:22 AM Reply Like
  • Vitalogy80
    , contributor
    Comments (32) | Send Message
     
    Not sure you want to get in a conversation about how many innocent lives have been lost due to Americans and there trigger happy leaders.
    6 Jan 2014, 09:38 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    I've been reading today about W Bush and Cheney and IRAQ ...
    6 Jan 2014, 09:45 AM Reply Like
  • StepUp
    , contributor
    Comments (548) | Send Message
     
    ""America, for all its faults, is still the model that capital and humanity seek to emulate.""

     

    This is actually not true. Emerging markets are emulating China primarily due to their success and our income inequality and political infighting.
    6 Jan 2014, 10:38 AM Reply Like
  • MarketingMaven
    , contributor
    Comments (147) | Send Message
     
    ...and because the Chinese model is really appealing to dictatorships. No political infighting when you accuse your political foe of homosexuality and jail him for years (Indonesia) - or like Putin, imprison anyone who dares speak against you and has the money to run against you.

     

    As for income inequality - China leads the world there. They are the leading markets for Ferrari, Bentley, Tiffany's etc. - while Foxconn workers are envied for their $2/hour wage.

     

    As a progressive, I find it humorous to be defending America on a capitalist web site. Like Charlie Rangel defending Bush against Hugo Chavez, "That's MY president you're attacking." Would that the right wing that dumps on us feel the same way about America and Obama.

     

    Interesting that not one of you America-haters took on a single point I raised in my original post.
    6 Jan 2014, 11:10 AM Reply Like
  • Eric Dee
    , contributor
    Comments (2181) | Send Message
     
    Nothing like sticking to the Topic, Marketing Maven. While you are at it why don't you bring in ACA and bailouts for GM & Chrysler, so we Tea Party Haters have something to comment on? Everyone in their right mind that reads any news, which I am sure this author is one, knows of the issues you point out.

     

    Of course, ragging on China, won't do you any good anyway. China has been a huge help to the USA, politically, read something by Henry Kissinger and learn something useful!
    6 Jan 2014, 12:32 PM Reply Like
  • logic001
    , contributor
    Comments (140) | Send Message
     
    Woww investment talk aside - Marketing Maven you really do come across as a typical 'Merican hick. Be honest - have you ever travelled outside of American boarders?

     

    Which nation has a lively political system with multiple parties? Errr Multiple parties? I guess it isnt America?
    Whose currency is the global benchmark? Perhaps the dollar slightly though only because of chinese support in buying government bonds.

     

    Which country do you want to be the world's policeman?
    America, for all its faults, is still the model that capital and humanity seek to emulate. Wade into any crowd rioting outside a Middle East embassy with a stack of green cards, and see how quickly they're seized. You right-wing America haters make me sick! Go join Edward Snowden.'

     

    More of a vigilante thug than the worlds policeman. The world has sufficient cross boarder agencies and organisations to assist where necessary. We sure do not need America acting unilateral. Americas' actions literally killed millions of innocent civilians throughout the world. Im sure I don't need to list the incidents here. I can ensure you, true nations across the world including here - Europe the cradle of civilisation here in Europe do not consider America by any means a model of capital and humanity which any being should seek to emulate.

     

    Edward Snowden has done the world a service. One should not forget the state is its people and should never be allowed to take a position of abusing such.
    6 Jan 2014, 01:39 PM Reply Like
  • MarketingMaven
    , contributor
    Comments (147) | Send Message
     
    As a matter of fact, I've traveled quite a bit. I have 1.91 million Aadvantage miles logged with American Airlines alone. I founded a multinational pharma marketing agency with offices in NYC, Brussels and Dusseldorf, and a JV in Tokyo. I speak Spanish, could refresh my conversational Japanese with a bit of work (studied weekly for 2 years with a private tutor). My clients today are in London, Basel and Prague. For the first 2 years after the collapse of the Soviet Union, I was a consultant to the Ministry of Health of Ukraine, trying to attract U.S. and E.U. medical companies to move production to former defense factories the Minister seized when the Iron Curtain came down.

     

    After I sold my firm, I moved into pharma, and for 9 years was a VP of two publicly traded pharma companies, starting a sales force and doing international licensing deals.

     

    This past fall, I spent 3 weeks in Switzerland, Prague, Budapest and Salzburg, a combination of business and personal. The year before, 3 weeks in Turkey, Israel and Jordan. The year before that Italy for 3 weeks. The year before that, Paris, Rome and Amsterdam.

     

    So yeah, I'm just another 'Merican hick who's never left the burbs.

     

    Let's get back on topic: AAPL. No other nation would enable such a return from the dead. No other nation would stand for a company accumulating $150 billion in cash. No other would attract investors of the world to fund its growth.

     

    Samsung? Give me a break. In the absence of an AAPL model to copy, they are clueless. Their smart watch is a kludgy disaster. Their attempt at an integrated TV system is a clown act, because they didn't have Apple or Sony to rip off. Their attempt at stores within stores is yet another disaster. The Galaxy S4 has crashed. All you had to do is ride a tram in Prague or Budapest or Vienna as I did this past fall, and see what people are using what. The gals who are well dressed all had iPhones; the guys in suits all had iPhones. The Chinese tourists toting Nikon D3s and Canon 6Ds all had iPhones. Geeks with bad haircuts and clerks had Galaxies - couldn't tell what version.

     

    Where is the Chinese Facebook or Twitter or Google with an international footprint? The French had the Minitel system WAY ahead of the Internet - where is it now? Where's the German global Apple or Google or Facebook? Where's their Intuitive Surgical or Mako Surgical? Their Tesla? Their Boston Scientific? Their Medtronic? Their Oracle? Their Cisco? Their Dropbox?

     

    Apple will never be the ultimate volume seller of anything. They are, and will be, the aspirational brand - just as America is the aspirational brand in democracy. Being the aspirational brand doesn't imply perfection. America had our George Bush; Apple had its Newton, Apple III, its Lisa. But in the end, both figured it out.

     

    Rest assured there are no Tea Party cells in the tech miracles of Silicon Valley. They are all long on America.

     

    And so am I.
    6 Jan 2014, 04:04 PM Reply Like
  • logic001
    , contributor
    Comments (140) | Send Message
     
    Maven, my comments were solely off topic in relation to your brash Triumphalism attitude with regards to your country. You ask where are the German global Apple, Google or Facebook companies? Yes I agree, to some extent European nations aren't able to match American tech businesses. Largest European tech companies to date would perhaps be Nokia, SAP, Skype, Ericsson. But of course we have other growing tech brands such as Spotify & Soundcloud.

     

    However surely with your vast experience you would know each country/region has their own comparative advantage. You've focused on the tech sector. European skill lies in Engineering, Chemicals, Cosmetics,Fashion and luxury goods, aerospace, defense, automotive, biotechnology and of course food. France & Germany together export more than all of USA together does. So while European doesn't have the tech brands they do excel in other industries. In fact there are more European companies in the Fortune 500 than American.

     

    Just because you keep telling yourself that 'America is the aspirational brand in democracy' unfortunately it doesn't mean it is. In fact American democracy is well known to be rather weak. America is quite a young country. Being European and having a strong interest in history I appreciate that fashions change and countries rise and fall as the tide ebs in and out.

     

    Note Im not being Anti American here. It just annoys me when people can be so blinkered. As an Irishman we saw it with other countries historically. Of course these countries drifted with the tides as nations do ..
    6 Jan 2014, 05:40 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    "Samsung? Give me a break. In the absence of an AAPL model to copy, they are clueless. "

     

    I'm not sure if you are brilliant, in a bad mood, ignorant or what ... Samsung Elect. is a diversified multinational, before conquering the smartphone arena, it was/is making chips and also conquering the Sony TV leadership.

     

    Again, check Wikipedia
    6 Jan 2014, 06:18 PM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    ass**le. you want some one to die simply because they did something "bad" in your eyes. true communist.
    6 Jan 2014, 06:46 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    For all its un-Western principles: "The Samsung press conference has an entire conference room devoted to the line for the Samsung press conference."

     

    http://wrd.cm/1ab89Ig
    6 Jan 2014, 07:27 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    http://slate.me/KvwLBi
    Let Us Now Praise "Full Communism"By David Weigel
    an op-ed in Rolling Stone, by Jesse Myerson
    http://rol.st/KvwLBl
    a "universal basic income," buying up bonds to undo the "top 10 percent's ownership of the means of production."
    Five Economic Reforms Millennials Should Be Fighting For
    Guaranteed jobs, universal basic incomes, public finance and
    7 Jan 2014, 11:47 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Auld_Reekie • 20 hours ago
    We are becoming more and more of a nanny state when the politicians start to interfere with our eating habits. Unlikely to happen, but the parents need to be totally involved in this issue. They have the responsibility for their offsrings health and well being, not the darned government!
    7 Jan 2014, 01:06 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (12927) | Send Message
     
    @samuel

     

    "when the politicians start to interfere with our eating habits. Unlikely to happen"

     

    FDA To Require Vending Machines To Post Calorie Information http://cbsloc.al/1ddku10
    7 Jan 2014, 02:24 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Michael Bloomberg!!
    7 Jan 2014, 02:26 PM Reply Like
  • rdmill
    , contributor
    Comments (148) | Send Message
     
    Moral arguments of this sort are easy to make. These facts have been known for a long time. Investors who are disturbed by these facts, and are not interested in context should not invest in any "exploitative" company irrespective of its growth potential. As a valid investment decision it is as above, simply ridiculous. Steve Jobs was surely not a nice guy and was feared even hated by many who worked for him.The number of nice, decent, moral persons who have created companies as valuable and important as Apple hovers near zero. rdmill
    6 Jan 2014, 07:51 AM Reply Like
  • rubber duck
    , contributor
    Comments (194) | Send Message
     
    Bears are reaching, must be buying time. I'm sure the "morality downgrade" and AAPL being at the 50 DMA support are just coincidences.
    6 Jan 2014, 07:51 AM Reply Like
  • Harbourdrive
    , contributor
    Comments (19) | Send Message
     
    As an American this guy should know that millions of workers in the USA are actually earning LESS than the Apple workers when the relevant cost of living adjustment is used . It's referred to as purchasing power parity …...
    6 Jan 2014, 07:52 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    PPP is junk.

     

    Furthermore, there are few social services in Cn.

     

    It is work or starve here.
    6 Jan 2014, 08:17 AM Reply Like
  • tealone
    , contributor
    Comments (313) | Send Message
     
    A $2.00 wage is relative to the country its being paid and to other economic circumstances.
    6 Jan 2014, 07:53 AM Reply Like
  • Miguel Costa
    , contributor
    Comments (42) | Send Message
     
    Can we downgrade analysts based on their stupidity as well?
    6 Jan 2014, 07:54 AM Reply Like
  • Thomrunfit
    , contributor
    Comments (3) | Send Message
     
    Great time to accumulate some more shares! Long Apple from $40.00 cost basis!
    6 Jan 2014, 09:07 AM Reply Like
  • Thomrunfit
    , contributor
    Comments (3) | Send Message
     
    Yes..
    6 Jan 2014, 09:07 AM Reply Like
  • willemsfranky
    , contributor
    Comments (8) | Send Message
     
    @ Moas, please drink less alcohol !!! Go sober to your work please !
    6 Jan 2014, 07:54 AM Reply Like
  • mikeg999
    , contributor
    Comments (75) | Send Message
     
    This is one way for an analyst to differentiate himself and generate some publicity. It is hard to get worked up by his argument when one examines the self-serving insights offered by other "insightful" analysts. Do successful investors pay attention to analysts? I doubt it.
    6 Jan 2014, 07:55 AM Reply Like
  • hko2012
    , contributor
    Comments (752) | Send Message
     
    Apple should pay out those $150B to shareholders.
    6 Jan 2014, 07:55 AM Reply Like
  • Azazello
    , contributor
    Comments (1779) | Send Message
     
    Why don't you ever post at Samsung only threads?
    7 Jan 2014, 07:24 AM Reply Like
  • Azazello
    , contributor
    Comments (1779) | Send Message
     
    http://bit.ly/1lEgW7j

     

    Boo!
    7 Jan 2014, 07:28 AM Reply Like
  • HardHead144
    , contributor
    Comments (8) | Send Message
     
    W O W. Wonder what this Individual makes.
    6 Jan 2014, 07:58 AM Reply Like
  • Cheesehusker
    , contributor
    Comments (403) | Send Message
     
    Can we short Standpoint Research?
    6 Jan 2014, 07:59 AM Reply Like
  • platonicbomb
    , contributor
    Comments (1607) | Send Message
     
    Apple has a moral obligation not to roil the market where it sets up its factory. Pay Apple employees $3 an hour and suddenly everyone else in town has a hard time paying for bread. This Moas guy hasn't thought more than 10 seconds about this.
    6 Jan 2014, 08:07 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    It is not Apple's factory. Foxconn is the industry gold standard. It is outsourced from the top-20 global electronics firms.

     

    By the way Foxconn is looking into bringing some of that work back into the USA (Automation-- utilizing robot-technology)
    6 Jan 2014, 08:19 AM Reply Like
  • lewhite
    , contributor
    Comments (212) | Send Message
     
    Cheesehusker. Never heard of Standard Research. Maybe that is the reason for this obviously ridiculous article. An attempt to get noticed.
    6 Jan 2014, 08:12 AM Reply Like
  • rogerlig
    , contributor
    Comments (306) | Send Message
     
    This is the same analyst who wants us to sell PM for 'moral' reasons (his grandfather dies of lung cancer). Let's hope none of his relatives are hit by cars, or he'll have us shorting GM, too.

     

    Just nuts.
    6 Jan 2014, 08:15 AM Reply Like
  • Kobe
    , contributor
    Comments (21) | Send Message
     
    Guys, I dont know why you are getting upset. This is just code word for BUY BUY BUY. You should be thanking the analyst for this "downgrade". A few bucks cheaper....

     

    On moral reasons !!! You have to give the guy credit for creativity....
    6 Jan 2014, 08:15 AM Reply Like
  • binjones
    , contributor
    Comment (1) | Send Message
     
    Interesting! He is basing a fair wage on US standard of living? But more importantly are they apple employees? Last time I checked they are hired and fired by the Chinese employer who knows what their market bears in terms of income and productivity. I really tire of the OC police trying to dictate their holier than thou morality when it suits them, without a basic knowledge of economics.
    6 Jan 2014, 08:22 AM Reply Like
  • earsaver
    , contributor
    Comments (3) | Send Message
     
    So when can we expect similar downgrades on Dell, HP, Nintendo, Google, Microsoft and everyone else who contracts out to Foxconn? This guy must be auditioning for a role in Scosese's sequel titled "The Bozo of Wall Street."
    6 Jan 2014, 08:23 AM Reply Like
  • johnnydoggs
    , contributor
    Comments (13) | Send Message
     
    Hahahah that's hilarious !
    6 Jan 2014, 08:25 AM Reply Like
  • Berntx
    , contributor
    Comment (1) | Send Message
     
    That is the kind of greed that is not good, since it destroys faith in capitalism as a force for general good
    6 Jan 2014, 08:23 AM Reply Like
  • ninfan
    , contributor
    Comments (3) | Send Message
     
    Had to check..... Yep it's not April !
    6 Jan 2014, 08:23 AM Reply Like
  • johnnydoggs
    , contributor
    Comments (13) | Send Message
     
    Is this bill de blasio's cousin? I see the socialism is spreading to markets too.
    6 Jan 2014, 08:26 AM Reply Like
  • johnnydoggs
    , contributor
    Comments (13) | Send Message
     
    I hear Apple is opening up a church at its new spaceship headquarters and hiring occupy wall st as independent wage sensitivity consultants , so once that news gets out everyone will know the real Apple and the stock will pop again
    6 Jan 2014, 08:28 AM Reply Like
  • Victor Brown
    , contributor
    Comments (25) | Send Message
     
    Ronnie Moes reminds me of Jesse Jackson visiting in Indonesia (I was Pres. Director of an American company) hunting to make American companies look like exploiters when they offer a much higher standard of employment compared to locals. Mr. Moes' comment shows either naiveté' or ignorance; I rather believe he has another agenda.
    6 Jan 2014, 08:35 AM Reply Like
  • chabig
    , contributor
    Comments (656) | Send Message
     
    From the linked article, ""For Apple Computers to pay their workers $2 an hour while they have $150 billion in the bank is nothing short of obscene..."

     

    This analyst can't even get the name of the company right.
    6 Jan 2014, 08:43 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Apple doesn't hire those workers, this analyst did not do his due diligence.

     

    For us sheep to waste our time and fret about.
    6 Jan 2014, 09:07 AM Reply Like
  • fparadis
    , contributor
    Comments (3) | Send Message
     
    The most stupid downgrade reason I've heard since I follow AAPL
    Still were down 1% and under the 50 day moving average.Apple investors have no faith in the stock and no faith in the earnings coming. Looks like we are going back to 500$. A negative monday for Apple is not a good thing. Let's hope the price will be back over 545$ at the close.
    So much for our CHL deal. Oh it's true! It was priced in ....soooo tired of that crap.
    That's the worst scenario to strart 2014 bye bye 600$ ......Imagine if Apple investors sell the earnings we will be back to the 485$ zone . Two years of waiting for nothing.
    6 Jan 2014, 08:44 AM Reply Like
  • David S. Matrecano
    , contributor
    Comments (41) | Send Message
     
    Agree!!!! And at this point, I am sure that we're going to see again not just the 485$ but the 450 or less based again on a plethora of fake rumors and vapor ware. For me 2014 it's going to be possibly another lost year for AAPL the stock. After more than 5 years in it, It is becoming increasingly difficult for me and my family to continue being Apple investors... Meanwhile GOOG, FB, AMZN...
    6 Jan 2014, 12:15 PM Reply Like
  • rheimerl
    , contributor
    Comments (483) | Send Message
     
    even funnier than this downgrade is people are selling aapl pre market due to this downgrade!
    6 Jan 2014, 08:46 AM Reply Like
  • MarketingMaven
    , contributor
    Comments (147) | Send Message
     
    Don't kid yourself. Hedge funds are driving AAPL down in advance of earnings later this month, which will be a blowout. Not because of this guy.

     

    What's the short position on AAPL now?
    6 Jan 2014, 09:17 AM Reply Like
  • milehr
    , contributor
    Comments (671) | Send Message
     
    Rather good news. What it means is that they could not find any other reason to downgrade the stock. Of course, SEC investigation is in order.
    6 Jan 2014, 08:47 AM Reply Like
  • watermark302
    , contributor
    Comments (386) | Send Message
     
    Well La-Dee-Dah!
    6 Jan 2014, 08:51 AM Reply Like
  • JG2000
    , contributor
    Comments (492) | Send Message
     
    Newsflash: Standpoint Research cut to sell at my house over moron reasoning.
    6 Jan 2014, 08:53 AM Reply Like
  • diaboliqueguan
    , contributor
    Comments (811) | Send Message
     
    If that is the case, there are many many more stocks that he should not discriminate but also downgrade. Someone is buying up AAPL as I type this and will cash out after the Q1 results is out.
    6 Jan 2014, 09:03 AM Reply Like
  • mohanp
    , contributor
    Comments (4) | Send Message
     
    This is strictly commie talk. So AAPL has $140 Billion in the bank, so we wil pay $20 for each man, woman and child on this planet! In other words isn't this joke of an analyst proposing income redistribution? You should be living in a communist country like China where your ideals would be better appreciated by Mao followers, buddy. And how much do you have in the bank? Can we redistribute it amongst the poor homeless in your area? What a hypocrite!!!
    6 Jan 2014, 09:09 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    "strictly commie talk."

     

    I'm sure Kim Jong-Un wants his sure. Don't believe this punk!

     

    China is more capitalist than the USA, where its democracy has turned it into a welfare state.

     

    In Cn, you work or starve!

     

    Personally as a USA taxpayer, I resent all these tax fraud and corruption as werll as legal corruption.
    6 Jan 2014, 09:32 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Kim Jong-Un wants his sHAre.

     

    as well as
    6 Jan 2014, 10:11 AM Reply Like
  • EdN
    , contributor
    Comments (17) | Send Message
     
    Yeah, this is just what we need, a former Israeli military artillery sargeant turned self proclaimed stock expert sitting in Flamingo South Beach chatting away with his African Gray Parrot downgrading Apple on "moral reasons"!! Nevermind that Apple is equal to or ahead of their competitors in employee compensation.

     

    C'mon Ronnie, if you and your cadre of Middle Eastern staffers simply want to generate self serving publicity by making a headline statement of "morals", how about putting a "sell" rating on all Israeli based stocks until Netanyahu gets settlement expansion under control? After all, would you rather be degraded by $2.00 an hour in a country where the average wage is half that, or get shot by an AK47 when you try to defend your house against a military regime that thinks might makes right. Or does that suggestion hit too close to home??

     

    If you want to take a moral stand for your own selfish publicity stunt, at least have some integrity yourself in the process.
    6 Jan 2014, 09:29 AM Reply Like
  • The Count of Cristo
    , contributor
    Comments (293) | Send Message
     
    isn't little early for April fool's day
    6 Jan 2014, 10:04 AM Reply Like
  • Dean Scarpinato
    , contributor
    Comments (367) | Send Message
     
    I am downgrading APPL because they served dry chicken at their last analyst function.
    6 Jan 2014, 10:10 AM Reply Like
  • a alto
    , contributor
    Comments (339) | Send Message
     
    Start getting stock info from the National Enquirer......... Oh well you win , I wasted my time responding
    6 Jan 2014, 10:13 AM Reply Like
  • TonyGood
    , contributor
    Comments (26) | Send Message
     
    Ronnie Moas is on drugs by making that statement of $2 an hour. This person definitely doesn't understand world economies. You dont over pay a worker because you the owner of the product makes more money then YOU THINK THEY SHOULD!!!! Who are you Ronnie the earning god who can make up arbitrary earnings requirements! You do not understand capitalism at all. The market determines the pay. Next you think the workers should all drive BMW's?

     

    Where does this thinking come from? Oh yeah I forgot we have Obamanomics being applied here! Good old spread the wealth mentality. So what if you didn't earn it. Who cares let just share it with the lazy people.

     

    Go buy a Samsung phone and leave Apple alone. You are a nitwit!!!
    6 Jan 2014, 10:17 AM Reply Like
  • optionsexpert
    , contributor
    Comments (482) | Send Message
     
    Your post sounds like idiotonomics.
    6 Jan 2014, 04:28 PM Reply Like
  • doc47
    , contributor
    Comments (1671) | Send Message
     
    The most amazing thing to me is that Mr. Market seems to have had a sip
    of this guy's Kool Ade and sold the stock off!
    6 Jan 2014, 10:22 AM Reply Like
  • Hope128
    , contributor
    Comments (119) | Send Message
     
    This standpoint research downgraded MSFT on 04/2013. I wish I bought more MSFT on that downgrade.
    6 Jan 2014, 10:37 AM Reply Like
  • Davy Crockett
    , contributor
    Comments (160) | Send Message
     
    I always enjoy a humor piece (unintentional in this case) to get me going on Monday morning. How does this one rate compared to the "Steve Jobs was mean so I'm downgrading" thesis?
    6 Jan 2014, 10:44 AM Reply Like
  • Tradevestor
    , contributor
    Comments (5011) | Send Message
     
    Here is a quick article about this so called downgrade http://seekingalpha.co... Check it out
    6 Jan 2014, 10:47 AM Reply Like
  • JUDOKA
    , contributor
    Comments (404) | Send Message
     
    Anybody wonder why they've never heard of standpoint?I love it when people don't let their emotions get in the way.Do I smell a bottom.This moron isn't worth 15 seconds of fame.
    6 Jan 2014, 10:48 AM Reply Like
  • cshoxie
    , contributor
    Comments (361) | Send Message
     
    Looks like Ronnie's 15 minutes of fame lasted about 80 minutes. Question: Who are the idiots who sold based on his Monday morning musings?
    6 Jan 2014, 11:00 AM Reply Like
  • alkramer
    , contributor
    Comments (8) | Send Message
     
    Go to the following Huffington Post site:
    http://huff.to/JYtdXQ
    Apple is paying $.64 OVER the industry average in China. Do your research!
    6 Jan 2014, 11:37 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    $0.64/hour that is 4 RMB/hour x 60 hours x 4 weeks = 960 RMB/month. that is 40%/month a SHANGHAI restaurant workers earnings!

     

    In Cn that is a lot! Just because the USA has loads of taxes and liability insurance.

     

    You can't blame the USA for an overly expensive cost of living.
    6 Jan 2014, 11:43 AM Reply Like
  • tasker
    , contributor
    Comments (13) | Send Message
     
    What is Standpoint? Who is this supposed "analyst"? Why all these responses to an obvious piece of bs? Must be a slow Monday morning.
    6 Jan 2014, 11:57 AM Reply Like
  • indexfundsbeeyotch
    , contributor
    Comments (9) | Send Message
     
    AAPL is a business, not a charity. Perhaps someday Unicef will get into the luxury electronics business.
    6 Jan 2014, 12:14 PM Reply Like
  • small fish in pond
    , contributor
    Comment (1) | Send Message
     
    So, we can expect a cut to sell for Wal-Mart, McDonalds, and all other successful large companies not paying a living wage in US? I find it interesting that your morals don't seem to apply to US workers. I also wonder if $2.00 per hour is a good wage due to cost of living in China?
    6 Jan 2014, 12:15 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    12 RMB/hour x 60 hours x 4weeks = 2880 RMB/month
    $2/hour x 60 hours x 4 weeks = $480/month
    I think the number $2 is too low though.

     

    2880 RMB is a lower-med working class salary in Shanghai but they work in cheaper places so this is very decent. And then the overtime ...

     

    I read a story of one of these countryside workers which after 10 years achieved the Cn middle class (Car, house and husband).

     

    I found that extraordinary.
    6 Jan 2014, 12:47 PM Reply Like
  • earsaver
    , contributor
    Comments (3) | Send Message
     
    Where all these "Share the wealth" Marxists back in 1997/1998 when Apple was on the brink of Bankruptcy and insolvency? Where were their calls for a government bailout to save those American jobs inefficiently building Macs back then in U.S. Plants? Apple turned its fortunes around the old fashioned way - they earned it. Great management, led by Steve Jobs, brought in Tim Cook who revolutionized Apple's supply chain. Nobody forces anybody to buy an Apple product. What an ignorant Commie this bozo is.
    6 Jan 2014, 12:15 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    don't insult the communists in N Korea and Cuba.
    6 Jan 2014, 12:48 PM Reply Like
  • TonyGood
    , contributor
    Comments (26) | Send Message
     
    The irony is China is slowly turning away from socialism to capitalism and some poeple are trying force America from capitalism to socialism. Where is the money flowing now to...China! How do we know because we are going from a lender nation (Capitalists) to a borrower nation (Think Cuba & North Korea - Socialists).

     

    'Share the wealth' mentality will destroy America. We need to run these people out of America to Cuba or North Korea or any socialist country! Oh I forgot Venezuella! And when they run out of oil they will no longer be able to buy the poor!
    8 Jan 2014, 11:43 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    The PRC turned to Capitalism from socialism as long as I've been here, sixteen years.
    8 Jan 2014, 11:47 AM Reply Like
  • logic001
    , contributor
    Comments (140) | Send Message
     
    The biggest mistake western counties made were to out source production to China and other similar counties. Not only did we deskill these western workers but at the same time skilled up China. Its all coming back to bite us now.

     

    In addition - Unfortunately so many people are falling for mass advertising / marketing. Consumption - mainly products that are not required and imported are way too high. Higher than many can afford. Time to tighten belts.

     

    Socialism - theres nothing wrong with balanced socialism. ie the state looks after those who are unable to look after themselves. Such is fine and correct in a modern civilised society. Just need to get the balance right.
    8 Jan 2014, 02:24 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    "The biggest mistake western counties made were to out source production to China and other similar counties."

     

    greedy short-term capitalists!
    9 Jan 2014, 06:38 AM Reply Like
  • logic001
    , contributor
    Comments (140) | Send Message
     
    More of a case of just poor long term strategic thinking...
    10 Jan 2014, 06:58 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    @logic001: wake up from your dreams, please.
    10 Jan 2014, 08:30 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    @logic001: only small problem is that socialism or communism has a 100% failure record, think North Korea, USSR, East Germany etc.

     

    Guess why China, India etc. have become emerging economies recently?
    Answer: They liberalized their economies, moved from socialism to at least a mixed economy now. Do your research before spouting non-sense on these threads.
    10 Jan 2014, 08:43 AM Reply Like
  • logic001
    , contributor
    Comments (140) | Send Message
     
    Canigetanamenooneused -

     

    Which part of my comment do you not agree with. I re pasted below. 3 different points. Please think before you post.

     

    1/ The biggest mistake western counties made were to out source production to China and other similar counties. Not only did we deskill these western workers but at the same time skilled up China. Its all coming back to bite us now.

     

    2/ In addition - Unfortunately so many people are falling for mass advertising / marketing. Consumption - mainly products that are not required and imported are way too high. Higher than many can afford. Time to tighten belts.

     

    3/ Socialism - theres nothing wrong with balanced socialism. ie the state looks after those who are unable to look after themselves. Such is fine and correct in a modern civilised society. Just need to get the balance right.
    11 Jan 2014, 07:23 AM Reply Like
  • logic001
    , contributor
    Comments (140) | Send Message
     
    Canigetanamenooneused -

     

    Pure socialism was never used in any country to date. It was always communism.
    However Im obviously not supporting a socialist state. Modern economies should have capitalist elements. But as I said above, modern civilised economies need to have socalist elements also. ie take care of those unable to look after themselves. Greater investment in education, healthcare etc

     

    Do my research? Actually I would ask that you read my comments prior to responding.
    Also clarify which part you do not agree with.
    11 Jan 2014, 07:32 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    @logic001:

     

    I got a bit more angry then I should have. Some times happens when someones supports socialism without giving it much thought.
    A counter to your points is presented below:

     

    1. It's not the countries (aka. the govt's) job to determine where the production takes place. Companies make the production decisions based on the wage rates, infrastructure etc. It's demand and supply. Western unskilled labour demands higher wages for the same work the Chinese will do for a fraction of the cost, so the Chinese win. That's meritocracy and I don't like the govt. (and socialists) forcing their wishes onto the companies to make them do their bidding.

     

    2. Who determines what is required for me or for you? The socialists, the gov.?? sorry, I don't buy this argument. It's the people's decision what they want to buy? only policies which protect the environment and the consumers should be in place.
    Again who decides imports are too high? Goods get imported as long as people are willing to buy them. You can buy American, European, Japanese, Martian or whatever you feel like, but I don't want socialists or the gov. telling me that I need to do the same. Majority of items I buy are Chinese and they are good quality so I will continue on doing so.

     

    3. Here, I agree with you a bit. Lot of the time socialism or communism is just about controlling people's lives, as is mentioned in your points 1 and 2 where you basically are asking for your desire of no out-sourcing, less imports, etc. to be forced on everyone.
    Most of the times it's simply punishing success by over-taxation, controls on imports, out-sourcing, etc. as you so badly want. The good, which is the state looking after needy people is not the priority of socialists as I have noticed. It's simply punishment and control.

     

    To end, I am a believer in "almost" free markets but with regulations to protect environmental damage, consumer's interests, as for govts. I think there primary job is to invest in infrastructure, make and implement laws, fund education and research, care for the needy etc. but wouldn't want to force my choices (like you mention in point 1 and 2) on anyone.
    What does that make me? Capitalist? Socialist?(though definitely not your kind of control loving socialist)
    11 Jan 2014, 03:59 PM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    Of course. No country has been 100% socialist or 100% capitalist. But, when countries become socialist to the point that the gov. controls everything they have always failed. India, where I come from originally, was socialist till 1991 (was very very young then), with very high tax rates, licenses needed for everything, private enterprise completely stifled etc. That's what I gather from reading and also by talking to my parents. It wasn't communism, it was socialism.

     

    With liberalisation and introduction of free market principles, things have improved drastically. Sure, it's still a developing country with high poverty rates and still poor HDI, but wages, standard of living etc. has risen dramatically. Even now, we have lots of socialist elements like you can't fire a govt. employee no matter what, restriction on foreign investment etc. but those restrictions are slowly being dismantled. When I visit back I see first hand the difference in quality of govt. services and private ones. So, I speak from experience.

     

    Yes, I too believe strongly in supporting education, research, healthcare, infrastructure, etc. Basically, I would put as much money into these avenues as needed. But, I wouldn't ascribe to the desire to control other people's lives like you mention in your points 1 and 2 in your previous comment. Maybe that makes me a different kind of socialist from some one like you??
    11 Jan 2014, 04:13 PM Reply Like
  • logic001
    , contributor
    Comments (140) | Send Message
     
    @Canigetanamenooneused

     

    Take a read of my comments again please. Looks like your 'anger' was due to not reading my comments correctly.

     

    re point (1) - this was discussed with reference socialism. I was basically saying it was such a error for western countries to outsource manufacturing to low cost regions as we basically deskilled our own countries while skilling these countries at the same time.

     

    re point (2) - Again looks like you may have misread my statement. Again it was not in reference to socialism. I was basically saying many western countries are living beyond their means. Hence their increasing debt. Take america for instance. Given imports exceed exports we can take it that America cannot afford to replace their car/tv etc so often. Like many western countries / people - they fall for expert marketing.

     

    re point (3) - This is where I referenced Socialism. Re your point - '' To end, I am a believer in "almost" free markets but with regulations to protect environmental damage, consumer's interests, as for govts. I think there primary job is to invest in infrastructure, make and implement laws, fund education and research, care for the needy etc. '''. I agree exactly with you. Theres nothing wrong with socialist policies if they're balanced with Capitalist elements. Seems many Americans believe Socialism is a dirty word. They mistake it for 'Dictatorship' or at least relate it to countries who claim to be socialism however are just dictatorship. In Europe the economies which are having the greatest success are those which have the greatest socialist elements although allow for the greatest capitalist elements. Without socialist guides or checks in place Capitalist can be just as destructive as socialism.
    14 Jan 2014, 12:51 PM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    @logic001:

     

    1. That's the thing. Western countries (meaning the govt's of the countries) didn't outsource manfacturing. It was done by the companies because they found a better deal in China.

     

    2. looks like we agree here to a certain extent. It's not just because of imports though that they have high debts. Basically, whenever you have spending exceeding revenue regardless of wherever the spending comes from, you have countries living beyond their means. it definitely needs to be controlled.
    I don't understand what you are trying to say in "Given imports ... often" line.

     

    3. hmm. I see what you are saying. I thought you meant complete control.

     

    apologies for my earlier rude reply. I thought you were advocating dictatorship. hopefully, no hard feelings. :)
    14 Jan 2014, 01:18 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    "Western countries (meaning the govt's of the countries) didn't outsource manfacturing. It was done by the companies because they found a better deal in China. "

     

    At least in the USA, there were government incentives to outsource. (that may be incorrect, being brainwashed by the liberals)
    14 Jan 2014, 01:22 PM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    @samuel_liu: what kind of gov. incentives?
    14 Jan 2014, 11:58 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    CANIGETANAMENOONEUSED:

     

    According to what I recall Corporations were given tax breaks for the relocation of their manufacturing. Also the USA is tax and regulation heavy.

     

    If you have better information on this don't hesitate to elaborate or correct my statement.
    15 Jan 2014, 12:07 AM Reply Like
  • logic001
    , contributor
    Comments (140) | Send Message
     
    @ Canigetanamenooneused, No hard feelings at all :)

     

    re Point a/ Actually I meant companies. It was a big mistake for companies to outsource production.
    All the best,
    15 Jan 2014, 07:03 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    @samuel:

     

    hmm, ok. makes sense. ya, US has the highest corporate tax rate amongst developed countries at least.
    15 Jan 2014, 09:00 AM Reply Like
  • canigetanamenooneused
    , contributor
    Comments (327) | Send Message
     
    thanks.

     

    I still don't see why it was a mistake to outsource production. maybe not the best deal for western labour. but ultimately, it's demand and supply.
    15 Jan 2014, 09:02 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    the USA middle class complains that its "high paying" manufacturing jobs are gone.

     

    I have very fragrant opinions on this topic and rather not the SA editors citing me a citation.
    15 Jan 2014, 10:28 AM Reply Like
  • logic001
    , contributor
    Comments (140) | Send Message
     
    It was a mistake to outsource production as these companies assisted in deskilling western workers and at the same skilling up these developing countries. Once skilled up they developed their own products which are now very successfully competing against western companies.
    15 Jan 2014, 12:12 PM Reply Like
  • interus
    , contributor
    Comments (21) | Send Message
     
    Ronnie Moas AAPL cut unprofessional out of touch grade
    job recommendation for Ronnie Moas: not-for-profit.org
    Q. Ronnie Moas are you buying AAPL today ?
    6 Jan 2014, 12:16 PM Reply Like
  • Bmgue12
    , contributor
    Comments (101) | Send Message
     
    The ultimate word will come out of AAPL when the stock will go up. I only know that AAPL is a great company & the analyst know nothing about what is going on and AAPL future.
    6 Jan 2014, 12:34 PM Reply Like
  • bnkd
    , contributor
    Comments (55) | Send Message
     
    Bring those jobs to India, you will get intelligent young English speaking high school graduates for
    that $2 per hour wages. Bring high tech engineering jobs to India, you will get engineering graduates that will make apple a truly innovative company at this stage.
    6 Jan 2014, 12:36 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    corruption!! in India
    6 Jan 2014, 12:50 PM Reply Like
  • optionsexpert
    , contributor
    Comments (482) | Send Message
     
    Yeah there is no corruption in Cn!! Lol...
    6 Jan 2014, 04:29 PM Reply Like
  • Bigslamnteed
    , contributor
    Comments (25) | Send Message
     
    My wife buys overpriced clothes at a "boutique" so I don't consider a boutique financial advisor reliable.
    6 Jan 2014, 12:55 PM Reply Like
  • pocohonta
    , contributor
    Comments (661) | Send Message
     
    I thought that the analysts are suppose to do some research before they publish recommendations? Everyone knows that Apple subcontracts Foxconn, Samsung and many others to do their manufacturing and does not directly control laborers' wages. And even so, Apple went out of its way to indirectly influence Foxconn into improving work condition and pays.

     

    Also, "moral reasons"? This guy really did not think it through...
    6 Jan 2014, 01:01 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    "Everyone knows that Apple subcontracts Foxconn, "

     

    Obviously not e v e r y o n e !
    6 Jan 2014, 01:08 PM Reply Like
  • Hope128
    , contributor
    Comments (119) | Send Message
     
    Those who sold @ 533 this morning are already down $12. Always do your own due diligence instead of listen to some unheard analysts who have their own agendas.
    6 Jan 2014, 01:23 PM Reply Like
  • interus
    , contributor
    Comments (21) | Send Message
     
    sharing my reality sold AAPL 190 at 538.90 [margin reg]
    Ronnie Moas if you my neighbor I would require you cover my $800 loss
    cause your undrounded AAPL cut.
    We investors should ask FTC fine Standpoint Ronnie Moas for publishing false information [assuming worldwide Apple Inc. has no $2/hr employee on their current payroll filings] if so than he and his firm should be fined for tarnishing into good name company of Apple Inc.
    Guess People working at Apple Inc., responsible to monitor media for false statements and misinterpretations should take closer look.
    6 Jan 2014, 03:50 PM Reply Like
  • guy hubbard
    , contributor
    Comments (33) | Send Message
     
    This analyst is a bit extreme considering the workers also get a subsidised lunch and apparently Sundays off.
    6 Jan 2014, 03:51 PM Reply Like
  • JG2000
    , contributor
    Comments (492) | Send Message
     
    I just saw a CNBC video clip of this analyst; he seemed like he was about to have a breakdown. He didn't have detailed wage information, just using varying reports on the internet. He mainly is railing against income disparity in the world. Obviously he decided to pick on Apple due to it's visibility but he picked a company that has tried to do more than most for worker conditions at its China contractors. This should have zero impact on the stock once a few HFT algos finished doing their thing this morning.
    6 Jan 2014, 07:57 PM Reply Like
  • lewhite
    , contributor
    Comments (212) | Send Message
     
    The guy is a nut job. Probably was part of the "Occupy Wall Street" crowd. He just wanted a platform from which to spew his anti capitalism rant.
    6 Jan 2014, 08:05 PM Reply Like
  • brilliantblue99
    , contributor
    Comments (82) | Send Message
     
    Just ignore him, u guys haven't done that before !
    6 Jan 2014, 08:41 PM Reply Like
  • rreeuwijk
    , contributor
    Comments (244) | Send Message
     
    Morality downgrade... What a joke. What company is left to own? Because most of them make a buck over the back of their employees if you look at it that way. Just saw the guy on tv. Unbelievable he got his 5 minutes of 'fame'. In the mean time he works in finance... And takes a lot of money from clients...
    Anyway I'm happy somebody was stupid enough to sell me some shares at $535.20. I'm pretty hopeful this one will look nice later this month!
    6 Jan 2014, 09:16 PM Reply Like
  • gmmpa
    , contributor
    Comments (659) | Send Message
     
    Ronnie Moas: Why don't the employees at FoxConn just quite and go and work for some other company that pays them $3/hour?
    http://buswk.co/1lynwil Did you downgrade FoxConn also?

     

    By the time the next presidential election rolls around here is the USA, 49% of Americans will be working for an effective rate of $2/hours and the other 51% will be on disability and welfare and we all will be borrowing money from China to pay the deficit. You won't need to downgrade Apple. No one will be able to buy their over priced products by then and they will be out of business. So what's the problem?
    6 Jan 2014, 09:41 PM Reply Like
  • petten
    , contributor
    Comments (121) | Send Message
     
    Take the contrarian bet - buy.

     

    The less they pay employees, the more profit they make.
    6 Jan 2014, 10:40 PM Reply Like
  • HFI
    , contributor
    Comments (1455) | Send Message
     
    For those that want more info about this analyst, you should watch the CNBC interview which was pretty much a mess.
    7 Jan 2014, 12:12 AM Reply Like
  • pocohonta
    , contributor
    Comments (661) | Send Message
     
    Just watched the CNBC interview... http://cnb.cx/1ihmyo0
    Wow, what an angry person!! You can almost see the veins popping out of his bald head. I'd hate to be in the same room with him because I'd be afraid of my own safety. Anger management class recommended for this guy.

     

    Melissa Lee (the news anchor) simply took down his $2/hour argument with a simple math and he couldn't even defend his own assertion.
    8 Jan 2014, 12:08 PM Reply Like
  • StonehamMel
    , contributor
    Comments (23) | Send Message
     
    Downgrading AAPLwas enough to get him invited to CNBC by Michelle Lee. If you heard this guy unscripted on the Lexington Avenue line, you'd have written him off as...well, off...and moved to the other end of the car. His exit from the interview reminded me of the old vaudeville "hook."

     

    There are not 300,000 Americans willing to relocate to live in dormatories at any US-equivalent scale above minimum wage. The ABC story produced in the wake of the Mike Daisey fraud on "This American Life" - ABC visited the company and a village where a family was getting remittance from a Foxconn-employed son - laid waste to the Apple as exploiter story. Not to say any kind of repetitive assembly line work is very rewarding, but as third world employment goes, this is exceptionally good.
    16 Jan 2014, 08:45 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Americans overvalue themselves. Source: The millionaire that lives next door.
    16 Jan 2014, 09:15 AM Reply Like
  • Bigslamnteed
    , contributor
    Comments (25) | Send Message
     
    Well almost a year now since Ronnie Moas downgraded Apple to a Sell. Poor Guy.

     

    I never had Moas above a weak hold and he is definitely a complete Sell now with a notation to never read him again. Glad I never pay attention to analyst.
    29 Nov 2014, 07:54 PM Reply Like
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