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nfultz1

nfultz1
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  • Data Says Nokia's Cameras Will Win It The Smartphone Segment [View article]
    "a good photographer is also the one that can get good pics even in adverse conditions."

    This is exactly my point. A good photographer compensates for those poor conditions, and not just by using a better camera. The use of additional lighting, subtractive lighting or even camera position for example. The average person will not do these things because they don't know how.

    I realize your very optimistic about Nokia. I don't quite see the business case yet, but good luck out there. :)
    Jul 18, 2013. 03:16 PM | 1 Like Like |Link to Comment
  • Data Says Nokia's Cameras Will Win It The Smartphone Segment [View article]
    My first concern for a growth company is whether or not a company has a strong business plan for growth. Nokia is a little different than most other growth companies because they been in the industry for a long time. I agree that when looking at there small share and low margins they seem like a good potential growth stock. However, there continually falling revenue troubles me. A growth company is usually typified by low to no earnings but growing revenue. This isn't the case with Nokia. Their revenue has fallen in 4 of the last 5 years, and their quarterly revenue is on pace for another annual decline. I would wait until the revenue fall levels off and shows signs of growing before I invested in this high risk/potentially high reward stock.
    Jul 18, 2013. 03:00 PM | Likes Like |Link to Comment
  • Data Says Nokia's Cameras Will Win It The Smartphone Segment [View article]
    "Your comments shows that you donĀ“t know much about photography."

    I'm not sure who that comment is directed at but I can assure you I know quite a lot about photography. My first degree is in photographic technology. Furthermore, my comment is not about the Nokia 1020, but about the general business strategy that a better camera will turn Nokia around. I'm sure there are some that will buy a phone based on the camera quality, but in my opinion that market is smaller than you would expect for the reasons mentioned above.

    I have no position in Nokia, but as a fellow investor I'm merely pointing out contrary points that should be considered. Never get emotionally tied to an investment. It's a very competitive market that Nokia is in, and an objective view point should be your stance.
    Jul 18, 2013. 02:23 PM | 1 Like Like |Link to Comment
  • Data Says Nokia's Cameras Will Win It The Smartphone Segment [View article]
    HD & SD are viewing technologies. A camera is a capturing technology. No matter how good the camera is, it's only as good as its input. So bad lighting (direction & type) and composition will still result in poor photographs.

    Also, I don't think a camera is enough of a moat for Nokia. Adding higher quality cameras to phones would be a quick fix for the competition.
    Jul 18, 2013. 12:13 PM | 2 Likes Like |Link to Comment
  • Data Says Nokia's Cameras Will Win It The Smartphone Segment [View article]
    Even if the camera is the most used feature of the smart phone, it does not necessarily mean that it can be used as the value proposition. There comes a point where the quality is good enough for most users, and the large pro-sumer segment will likely desire a DSLR for it's superior lens optics, aperture and shutter controls.
    Jul 18, 2013. 09:42 AM | 2 Likes Like |Link to Comment
  • More on Verizon's (VZ) Q1: Wireless revenue was up 6.8% Y/Y to $19.5B with both retail and service sales strong. The company says it had 98.9M retail connections, up 6.4% from a year ago. A mark of 4M iPhone activations topped estimates. On the wireline side, Verizon reports 188K FiOS Internet and 169K FiOS Video net additions as FiOS revenue rose 15.1% to $2.6B. VZ +1.9% premarket. (PR[View news story]
    Is that 4M iPhone activations the same as sales? 4M iPhone sales would be about 800K more iPhones than the 2012 Q1.
    Apr 18, 2013. 09:02 AM | Likes Like |Link to Comment
  • Buybacks Vs. Dividends: Bottom Line, Get Rid Of That Cash [View article]
    Apple is very conservative in its expense for taxes I doubt that it will be more than they accounted for.

    I'm sorry if what I'm saying is confusing, but I assure you that I'm not talking in circles. There are three basic elements of accounting: income statement, balance sheet and cash flow. Earnings come from the income statement, and uses accrual accounting rules. Apple expenses an amount for taxes every quarter according to their earnings. They have been upfront that it has been expensed. So unless the amount of taxation is different there will be no change in earnings.

    The amount that was expensed on the income statement affects the balance sheet by adding a liability for the taxes. It does not affect their cash until they actually pay the taxes. At which point, the liability would be eliminated and their cash position would be reduced. Net assets (Assets - Liabilities) and the income statement would stay the same since liabilities are being reduced by the same amount as the cash.

    If there were a tax holiday (this would also be true of any changes + or - in the tax rate but with an opposite effect), Apple would remove the liability from their balance sheet by crediting their income statement account for taxes. This would increase Net Assets because their cash was not used to reduce the liability. Also, by crediting their income statement, they would have a one-time reduction in their expenses for the quarter thus increasing earnings (income - expenses).

    Apple doesn't want to repatriate the profit because it's only a paper expense for now. Once they repatriate the profit, it will become an actual loss, but as for their reported earnings each quarter, paying the tax will have no effect.
    Apr 1, 2013. 11:59 AM | 3 Likes Like |Link to Comment
  • Buybacks Vs. Dividends: Bottom Line, Get Rid Of That Cash [View article]
    The taxes are expensed to a liabilities account. They are held there until paid. If the taxes no longer need to be paid, they would credit the liabilities account which would reduce tax expenses on the income sheet thus increasing earnings.
    Apr 1, 2013. 09:45 AM | 1 Like Like |Link to Comment
  • Buybacks Vs. Dividends: Bottom Line, Get Rid Of That Cash [View article]
    Actually, the taxes are already accounted for in the earnings. However, in the event of a tax holiday Apple could move the cash home, credit the tax holding and increase earnings.
    Apr 1, 2013. 09:36 AM | 1 Like Like |Link to Comment
  • Apple Does Not Have $137 Billion In Cash [View article]
    This seems to be a common misunderstanding. As the article states, the taxes have been accounted for from an income statement perspective (they have already been expensed) From a balance sheet perspective they are in a liabilities account because it represents money they owe but haven't paid. The cash balance is the cash balance. From an accounting standpoint it has to be. The cash balance must be reconciled with the sum balance of all accounts it's held in.
    Mar 5, 2013. 01:36 PM | Likes Like |Link to Comment
  • Apple Does Not Have $137 Billion In Cash [View article]
    If the government repatriates the profits, it will show as income on the income statement and on the balance sheet it will reduce liabilities thus increasing net assets. The cash balance will not be affected since the taxes were never paid using cash or otherwise.
    Mar 5, 2013. 08:49 AM | 2 Likes Like |Link to Comment
  • Apple Does Not Have $137 Billion In Cash [View article]
    Actually, I think the taxes were expensed, but are being held in a liabilities account. So it's reflected in net assets, but the cash balance is the cash balance.
    Mar 4, 2013. 11:02 PM | 3 Likes Like |Link to Comment
  • Greenlight Capital/David Einhorn has dropped its lawsuit  over Apple's (AAPL -1.6%) Prop. 2, in response to the company's decision to withdraw the proposal and its bundled changes (in the wake of an injunction) prior to Wednesday's shareholder meeting. Apple insisted at the meeting it remains committed to giving shareholders the right to vote on the issuing of preferred stock. [View news story]
    "if you have an iphone , you are not going to buy another one."

    I'm not sure where you get that from. Most surveys show that 90%+ of iPhone owners plan on purchasing an iPhone for their next phone. In the US, most cell phone users upgrade every two years. Also, iPhone sales are growing. They sold more phones last quarter than ever before, and suppliers were cutting orders then too. They just didn't sell as many as analysts estimated. Also, there are concerns of increased competition, but I don't think there is any evidence yet that the market is saturated.
    Mar 1, 2013. 05:51 PM | Likes Like |Link to Comment
  • Greenlight Capital/David Einhorn has dropped its lawsuit  over Apple's (AAPL -1.6%) Prop. 2, in response to the company's decision to withdraw the proposal and its bundled changes (in the wake of an injunction) prior to Wednesday's shareholder meeting. Apple insisted at the meeting it remains committed to giving shareholders the right to vote on the issuing of preferred stock. [View news story]
    Share price is relative to outstanding shares. Google might reach a $1,000 price, but it has nowhere near the valuation of Apple. Also, EPS is relative to shares. So even if Google has the same EPS as Apple, their actual earnings are much lower. That's why, theoretically, Google has a better chance of growing, and is warranted a higher P/E ratio.
    Mar 1, 2013. 05:44 PM | Likes Like |Link to Comment
  • "High above the Alps my Gnome is hearing a rumor that Apple will announce a stock split at tomorrow's shareholder meeting," tweets Doug Kass. The rumor has led Apple (AAPL +1%) shares to spike higher. Update (2:24 PM): Kass is using the post-rumor spike to sell part of his trading position in Apple. [View news story]
    A stock split announcement is unlikely at the shareholders' meeting. Any kind of announcement regarding stock split, buy back or dividend hike will likely not happen until the BOD meeting next month. There's a reason Kass is selling. The media has been priming the stock for a disappointment at the shareholders meeting for a while now.
    Feb 26, 2013. 02:55 PM | 3 Likes Like |Link to Comment
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