"Apple's (AAPL) sorta cheap," says Jeff Gundlach, admitting he's now long the stock he famously shorted 100-200 points ago. He doesn't seem terribly excited about the company's business prospects, but - selling for 7x earnings (excluding cash) - a hot new product isn't necessary to make the investment profitable. "(Apple) can keep selling a whole bunch of expensive new phones and iPads, and they'll be a cash cow." [View news story]
jmjjmj - I don't think Grundlach caused the collapse or the rally or that people follow his lead. The writer of news blip is simply letting people know that Grundlach called this one right twice and that APPL seems like a pretty good investment to him at this price.
The Bernanke Agenda - It Isn't What You Think It Is [View article]
I will look forward to the end of the world by August. Are you Mayan, by chance? MY conjecture is, since he will be stepping down next year, he has a job interview. Or perhaps he is simply beginning the transition to Yellen by giving her center stage. Or perhaps it's medical. Or, . . . Speculation is a wonderful thing.
Apple Bonds Are Good For The Economy [View article]
Perhaps we can thank Einhorn for this strategy? A point lost on many is that retired stock also means retired dividends so Apple's total dividend payments might well decrease. And, because dividends are not tax deductible but interest paid is, there is actually a profit arising from whatever borrowed funds are used for the buyback. It seems like a briliant strategy to me.
The Risky Truth About Apple's Dividend [View article]
Compared to some people, YOU have a ridiculous amount of cash. So would you rather pay tax on your cash or not pay tax? And if you have to pay tax, would you rather pay more tax or less tax? Even if, in the eyes of some people, you will still have a ridiculous amount of cash?
The Risky Truth About Apple's Dividend [View article]
Yes, and given the interest rate-dividend rate math, it also means Apple is paying negative interest for whatever borrowed money they spend on stock buybacks. I just wonder why they didn't go for more!
Why A Stock Market Bubble Is Forming Right Now [View article]
There is always something wrong with the macro and micro economies and its the pastime of pessimists and bears to find and publicize them. If you recall 4 years and 1 month ago, so so many people, at the bottom of the market and recession, were forecasting a depression to rival the 30's (and an SPX of 400 according to one). It hasn't happened yet and I submit, the issues highlighted in this article pale in comparison to 4 years ago. And they are solvable. In addition, as pointed out by Crossing Wall Street and others, historically, stock prices have not correlated with the economy as measured by GDP. Perhaps stock prices are in a bubble, however the causes are many and not alway evident. Why else would there be unforeseen sudden corrections of 10% - 20%?
The author clearly does not understand the size or intellectual depth of AAPL. As of 12/12, it’s the 5th largest American company by revenue, trailing only XOM, WMT, CVX, and COP. Its revenue is greater than GM, greater than GE, 50% greater than IBM, double that of Microsoft, triple that of Google and Intel, more than triple Cisco’s.
It's way too soon to write its obituary.
Steve Jobs was not the only inventor at Apple. In fact much of what goes into its products were invented elsewhere and adapted by jobs and fellow workers.
Physical Gold Vs. Paper Gold: The Ultimate Disconnect [View article]
Buffett has said 'price is what you pay, value is what you buy'. The ratio should be 1 or less to work in your favor, assuming value is retained in the long run.
Google's Growth Story Isn't What It Seems [View article]
And few people realize the relative scale of the two: Apple has triple the revenue of Google, it’s the 5th largest American company by revenue, trailing only XOM, WMT, CVX, and COP. Its revenue is greater than GM, greater than GE, 50% greater than IBM, double that of Microsoft, triple that of Intel, more than triple Cisco’s. It is the top technology company by revenue.
European car registrations dropped for the 18th consecutive month in March, slumping 10% to 1.35M vehicles. Germany led the way as sales skidded 17%, while Spain, Italy and France all fell, although the U.K. rose 5.9%. GM (GM) registrations -13%, Ford (F) -16% and Toyota (TM) -17%, although Honda (HMC) +17%. "People have stopped buying cars as consumers are much less confident of the future, especially after the latest decision on Cyprus," said analyst Hans-Peter Wodniok. (PR) [View news story]
Austerity trickles down to the consumer and forward to the future. How will Europe break the cycle?
Procter & Gamble (PG) is reportedly planning to save up to $2B by extending the time it takes to pay suppliers to 75 days from 45 days. P&G hopes to sweeten the pain by working on an arrangement in which banks would pay the suppliers, possibly early, and then receive the money from P&G later on. The suppliers would be charged a low interest rate until P&G pays up. Companies that could be affected include Albany International (AIN). [View news story]
Hmmm. Sounds like a devious accounting scheme to artificially pump earnings or make the balance sheet look better. If P&G has to resort to such gimmicks, can they be trusted as an investment?
"Apple's (AAPL) sorta cheap," says Jeff Gundlach, admitting he's now long the stock he famously shorted 100-200 points ago. He doesn't seem terribly excited about the company's business prospects, but - selling for 7x earnings (excluding cash) - a hot new product isn't necessary to make the investment profitable. "(Apple) can keep selling a whole bunch of expensive new phones and iPads, and they'll be a cash cow." [View news story]
Gold Liquidation Now Accelerating [View article]
A New Market Beating Dividend Fund [View article]
The Bernanke Agenda - It Isn't What You Think It Is [View article]
Apple Bonds Are Good For The Economy [View article]
The Risky Truth About Apple's Dividend [View article]
The Risky Truth About Apple's Dividend [View article]
Why A Stock Market Bubble Is Forming Right Now [View article]
Why Apple Is Becoming Irrelevant [View article]
It's way too soon to write its obituary.
Steve Jobs was not the only inventor at Apple. In fact much of what goes into its products were invented elsewhere and adapted by jobs and fellow workers.
Physical Gold Vs. Paper Gold: The Ultimate Disconnect [View article]
Physical Gold Vs. Paper Gold: The Ultimate Disconnect [View article]
Google's Growth Story Isn't What It Seems [View article]
European car registrations dropped for the 18th consecutive month in March, slumping 10% to 1.35M vehicles. Germany led the way as sales skidded 17%, while Spain, Italy and France all fell, although the U.K. rose 5.9%. GM (GM) registrations -13%, Ford (F) -16% and Toyota (TM) -17%, although Honda (HMC) +17%. "People have stopped buying cars as consumers are much less confident of the future, especially after the latest decision on Cyprus," said analyst Hans-Peter Wodniok. (PR) [View news story]
Procter & Gamble (PG) is reportedly planning to save up to $2B by extending the time it takes to pay suppliers to 75 days from 45 days. P&G hopes to sweeten the pain by working on an arrangement in which banks would pay the suppliers, possibly early, and then receive the money from P&G later on. The suppliers would be charged a low interest rate until P&G pays up. Companies that could be affected include Albany International (AIN). [View news story]
This Gold Slam Is A Massive Wealth Transfer From Our Pockets To The Banks [View article]