This is a fascinating article for several reasons but mostly because of its political tone. Certainly everything is connected as the author lays out his argument condemning Apple.
But the law is an ass an needs to be dragged . . . or something like that. I think that can describe the gymnastics corporation perform when they navigate the tax code.
And what's that remark about not measuring up to microsoft? Like they are some righteous archangel? That monopoly? The exploitation of temps? Immigration law? When did they start paying a dividend? Why go there?
Nevertheless, it's a fascinating study. Is Tim Cook a bad CEO? Does Apple have any new gamechanger? What will they do with all that cash? Why is the price down with such great fundamentals?
I liked the article but I didn't know what I was reading about not having any experience so I looked it up.
From Investopedia Master Limited Partnership (MLP)
Definition of 'Master Limited Partnership - MLP' A type of limited partnership that is publicly traded. There are two types of partners in this type of partnership: The limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from the MLP's cash flow, whereas the general partner is the party responsible for managing the MLP's affairs and receives compensation that is linked to the performance of the venture.
Investopedia explains 'Master Limited Partnership - MLP' One of the most crucial criteria that must be met in order for a partnership to be legally classified as an MLP is that the partnership must derive most (~90%) of its cash flows from real estate, natural resources and commodities.
The advantage of an MLP is that it combines the tax benefits of a limited partnership (the partnership does not pay taxes from the profit - the money is only taxed when unitholders receive distributions) with the liquidity of a publicly traded company.
Apple $395: Time To Give Up And Abandon Ship? [View article]
I think you miss the fact that other phones are not apple and don't access the apple borg. Walled garden, cult membership, call it what you will but buyers perceive value in what apple offers and it is mostly available via apple products (hardware mostly).
Apple $395: Time To Give Up And Abandon Ship? [View article]
I find sharing the data plan using the free hot spot feature to teather my laptop is incredibly functional, especially when I use bluetooth since it requires no interaction with the phone after the initial setup (and airline flight). So my macbook air has full internet through my 4g plan on my iphone.
Apple $395: Time To Give Up And Abandon Ship? [View article]
That's cute. People actually rely on so-called "technical analysis" to make investment decisions? All kidding aside, I am hoping Mr. Cook proves us all wrong by bringing out new products that reignite AAPL. Like the writer, I have nothing to offer in way of explanation other than, "they did it before!" PS I am long AAPL
Overseas Shipholding Group Inc. - Why The Equity Is Worthless, Part II [View article]
I saw part of a notice that BP had submitted an agreement to the BK court regarding their intention to stay any action to dissolve the AK oil business partnership until at least after BK. initial intention for bk was stated as debt restructure but it seems the lenders are not looking at any restructure. No data on that. They had secured additional 25 million loan in feb which seemed amazing at the time. Also a retention incentive program was viewed by court this week. There was some objection but no info on resolution. Volume was 2 M shares yesterday.
Opportunities On The Waves: Potential In American Flag Shipping [View article]
I don't believe there are any US flag bottoms carrying crude from gulf to any US ports. First this would require a Jones Act built tanker. I believe the US fleet of Jones Act tankers is mostly product tankers other than the BP tankers out of Alaska. The oil from AK is not allowed to go overseas and is used primarily for west coast refineries. There have been waivers where AK oil has shipped overseas but it required an act of congress. Of course, gas has never been restricted out of AK and has been going overseas for decades via LNG ship. There is a waiver for "the loop" in the gulf where cargoes that would be required to use US bottoms per the Jones Act are lightered to foreign flag bottoms. This has been on-going for decades as well.
Overseas Shipholding Group Inc.: A Guaranteed Zero For Equity Holders [View article]
I just read your bk article from last year in the context of this equity. It does a great job of answering questions regarding the process. Still, the particular facts regarding osg make this an interesting exercise to ascertain valuation. As you can see there is quite a bit of feedback here and in the second part article comments illustrating the difficulty of such a task. Still the takeaway for me is your remark that the figure is closer to 90 percent for equities that get hosed in ch 11.
If you are looking for objective this article seems to be a good start if not the last word. The writer clearly states his bias for a different platform but has put that aside to evaluate Apple as a value investment. Whether it is the best is not relevant since that is such a subjective term bandied about in this discussion. It certainly conforms to value investor rules regarding conventional metrics and is an outstanding candidate for that. Your assessment, on the other hand is rather vague. You state there is "plenty of pie for everyone" and "you might consider going long if AAPL goes to 300" and you might short AAPL implying you have some metric based assessment that you are not disclosing. Do you refute the data presented in the article?
Myself spouse and spawn own a lot of Apple products. I am long on AAPL since 160 and again at 450. I might go again at 427. But my comment is about the folks who point out, "what's next?". I don't have music on my iphone but I do use it for audio. I listen to podcasts and watch netflix and I stream radio (KCRW Santa Monica Morning Becomes Eclectic). I use a big chunk of data each month for this luxury and I can see that allocation growing. The move to the cloud depresses me because it means I have to download the same content over and over (pictures, songs in the cloud). So rather that load everything in the cloud and "own" it. I stream it from any of the available sources. I have read the past few weeks about Apple getting a streaming service for music. Apparently, Jobs had this in his sites years ago but the royalties were much higher. Now that the music industry has been beat into submission they have come around with different models that can generate revenues and nip piracy as well. So I suspect this will become a stream for AAPL. Have no idea how this concept is projected as potential revenue dollars.
Overseas Shipholding Group Inc. - Why The Equity Is Worthless, Part II [View article]
So. Here we are several weeks later and OSGIQ is inching its way back north. Why? The bonds seem to have recovered some as well. The bankruptcy proceeds with no indication that company is headed for liquidation. One report said rejected charter party can join the other unsecured creditors. Does that put them in front of equity holders for any unpaid charters? Given that no one has commented recently and the twitter activity has disappeared I suspect the liquidation crowd has lost their heart for this one. Given tanker rates and projections due to over tonnage it doesn't look rosy for any recovery. Yet if OSG intends to be a going concern it might be a worthwhile exercise to guess at asset values.
Shame On You, Apple [View article]
Shame On You, Apple [View article]
But the law is an ass an needs to be dragged . . . or something like that. I think that can describe the gymnastics corporation perform when they navigate the tax code.
And what's that remark about not measuring up to microsoft? Like they are some righteous archangel? That monopoly? The exploitation of temps? Immigration law? When did they start paying a dividend? Why go there?
Nevertheless, it's a fascinating study. Is Tim Cook a bad CEO? Does Apple have any new gamechanger? What will they do with all that cash? Why is the price down with such great fundamentals?
What Happens When You Sell An MLP? [View article]
What Happens When You Sell An MLP? [View article]
I liked the article but I didn't know what I was reading about not having any experience so I looked it up.
From Investopedia
Master Limited Partnership (MLP)
Definition of 'Master Limited Partnership - MLP'
A type of limited partnership that is publicly traded. There are two types of partners in this type of partnership: The limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from the MLP's cash flow, whereas the general partner is the party responsible for managing the MLP's affairs and receives compensation that is linked to the performance of the venture.
Investopedia explains 'Master Limited Partnership - MLP'
One of the most crucial criteria that must be met in order for a partnership to be legally classified as an MLP is that the partnership must derive most (~90%) of its cash flows from real estate, natural resources and commodities.
The advantage of an MLP is that it combines the tax benefits of a limited partnership (the partnership does not pay taxes from the profit - the money is only taxed when unitholders receive distributions) with the liquidity of a publicly traded company.
Apple $395: Time To Give Up And Abandon Ship? [View article]
Long AAPL
Apple $395: Time To Give Up And Abandon Ship? [View article]
Apple $395: Time To Give Up And Abandon Ship? [View article]
PS I am long AAPL
Overseas Shipholding Group Inc. - Why The Equity Is Worthless, Part II [View article]
Overseas Shipholding Group Inc. - Why The Equity Is Worthless, Part II [View article]
Opportunities On The Waves: Potential In American Flag Shipping [View article]
There is a waiver for "the loop" in the gulf where cargoes that would be required to use US bottoms per the Jones Act are lightered to foreign flag bottoms. This has been on-going for decades as well.
Overseas Shipholding Group Inc.: A Guaranteed Zero For Equity Holders [View article]
Apple Is Not Worth $460 [View article]
Whether it is the best is not relevant since that is such a subjective term bandied about in this discussion. It certainly conforms to value investor rules regarding conventional metrics and is an outstanding candidate for that.
Your assessment, on the other hand is rather vague. You state there is "plenty of pie for everyone" and "you might consider going long if AAPL goes to 300" and you might short AAPL implying you have some metric based assessment that you are not disclosing. Do you refute the data presented in the article?
Apple Is Not Worth $460 [View article]
I have read the past few weeks about Apple getting a streaming service for music. Apparently, Jobs had this in his sites years ago but the royalties were much higher. Now that the music industry has been beat into submission they have come around with different models that can generate revenues and nip piracy as well. So I suspect this will become a stream for AAPL. Have no idea how this concept is projected as potential revenue dollars.
Overseas Shipholding Group Inc. - Why The Equity Is Worthless, Part II [View article]
The bankruptcy proceeds with no indication that company is headed for liquidation. One report said rejected charter party can join the other unsecured creditors. Does that put them in front of equity holders for any unpaid charters? Given that no one has commented recently and the twitter activity has disappeared I suspect the liquidation crowd has lost their heart for this one. Given tanker rates and projections due to over tonnage it doesn't look rosy for any recovery. Yet if OSG intends to be a going concern it might be a worthwhile exercise to guess at asset values.
Apple Is Not Worth $460 [View article]