fredb

Steve Jobs' Health: A Red Herring

written by an author who knows (apparently) zero about corporate valuation... stock price movement is driven by a number of things... obviously a company like Microsoft misses by a penny, and there's some negative reaction. But, MSFT trades at 14x P/E, and carries a 1.7% Divident. When a company that trades at a 35x P/E guides lower in the future - there will absolutely be a reaction... And on the topic of Jobs health - i think investors want to simply know that a succession plan of some sort is in place - and the company has not indicated that any such plan exists...