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2MuchDebt

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  • Apple (AAPL) reverses a sizable early decline and goes flat premarket as Gene Munster says his team's checks show iPhone 5 supplies are improving, and it may be just 2-3 weeks before the phone is "consistently available to consumers." [View news story]
    It's about time we see support for this stock. Even if growth and earnings slow, this stock is still attractive at these levels.
    Nov 9, 2012. 08:43 AM | 1 Like Like |Link to Comment
  • More on Jobless Claims: Today's print and releases over the next few weeks are likely to be skewed by the Hurricane. At first, says UBS' Maury Harris, the numbers will be lower as claimants are unable to file. Later, the Hurricane "will undoubtedly cause" an increase. [View news story]
    @ bbro: The headline clearly states "Today's print and releases over the next few weeks are likely to be skewed by the Hurricane. At first, says UBS' Maury Harris, the numbers will be lower as claimants are unable to file. Later, the Hurricane "will undoubtedly cause" an increase." I don't admire your attempt at being a smart alec. The weekly jobless claims are still in the high 300k's no matter how you skew it.
    Nov 8, 2012. 09:11 AM | 1 Like Like |Link to Comment
  • More on Nonfarm Payrolls: The +171K October print is accompanied by big revisions higher to September (+34K to 148K) and August (+50K to 192K). Average workweek didn't budge, remaining at 34.4 hours for the 4th straight month. Average hourly earnings down $0.01 to $23.58, +1.6% Y/Y. Thus far in 2012, employment growth has averaged 157K/month, up a hair from 153K in 2011. [View news story]
    bbro: so there's no recession? (btw this is sarcasm). You include this phrase in almost every post. Who are you trying to convince? You're certainly not a genius for making such a post...
    Nov 2, 2012. 09:01 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: -9K to 363K vs. 369K consensus, 369K prior. Continuing claims +4K to 3.26M. [View news story]
    It's scarier when you consider how so many people are already without jobs and companies have gone to extreme lengths to create lean work forces through significant job cuts over the past few years. You would think this number would be much lower in a healthy economy given the economic landscape. Plus the number is actually closer to 400,000, but I would see your point if the aforementioned weren't true.
    Nov 1, 2012. 11:50 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: -9K to 363K vs. 369K consensus, 369K prior. Continuing claims +4K to 3.26M. [View news story]
    And once the U.S. economy heads south again (eventually it will happen), monetary and fiscal policy will be all out of dry powder.
    Nov 1, 2012. 10:54 AM | Likes Like |Link to Comment
  • Oct ADP Jobs Report: +158K vs. +155K consensus, 162K prior. [View news story]
    This is incorrect. The prior month was revised down from 162k to 88k (a net downward revision of 74k). Also, ADP canceled 365k private jobs created in 2012 YTD. Had ADP used its revised methodology, it would have missed 5 out of the past 7 Wall Street consensus estimates. Funny how the media doesn't focus much on this information.
    Nov 1, 2012. 08:44 AM | 2 Likes Like |Link to Comment
  • Apple (AAPL): FQ4 EPS of $8.67 misses by $0.08. Revenue of $36B (+27% Y/Y) beats by $200M. 26.9M iPhones sold, 14M iPads, 5.3M iPods. Shares halted. (PR[View news story]
    Earnings and the accompanying commentary tell a story. Nothing is noise. Being successful in the stock market is not about doing arithmetic after the fact. If that's your strategy in this market, good luck because you've already lost out on the gains/opportunities.
    Oct 25, 2012. 04:58 PM | 1 Like Like |Link to Comment
  • Apple (AAPL): FQ4 EPS of $8.67 misses by $0.08. Revenue of $36B (+27% Y/Y) beats by $200M. 26.9M iPhones sold, 14M iPads, 5.3M iPods. Shares halted. (PR[View news story]
    Don't forget the unending calls that the stock is significantly undervalued and any decline is a buying opportunity.
    Oct 25, 2012. 04:49 PM | 5 Likes Like |Link to Comment
  • Apple (AAPL): FQ4 EPS of $8.67 misses by $0.08. Revenue of $36B (+27% Y/Y) beats by $200M. 26.9M iPhones sold, 14M iPads, 5.3M iPods. Shares halted. (PR[View news story]
    FQ4 EPS of $8.67 misses by $0.08. That's how: it's an earnings miss.
    Oct 25, 2012. 04:42 PM | 1 Like Like |Link to Comment
  • Apple (AAPL +0.6%) estimates were lowered today in response to Tim Cook's iPad comments and worries about iPhone 5 supply issues. But with shares now at 11x FY12E EPS (exc. cash), these concerns might be baked in ahead of tomorrow's report. The iPad Mini's pricing is yielding plenty of debate. Nomura: "A 65% price premium ($129) is significant and ... allows for Amazon and Google to continue to build out their positions." Baird: "Though priced above [rivals], the device is thinner, lighter, boasts a bigger screen and better cameras, and ... much wider app selection." [View news story]
    Apple's TTM P/E valuation hasn't changed much over at least the last year (currently at 14.4). With the amount of coverage Apple receives, why would you think Apple's stock is "on sale"? I don't think such a large valuation differential would exist that long and yet so many small investors tout Apple as a screaming buy on a daily basis. What do you think is an appropriate TTM or forward P/E valuation?
    Oct 25, 2012. 12:33 PM | Likes Like |Link to Comment
  • On the hour: Dow -1.1%. 10-yr +0.33%. Euro -0.35% vs. dollar. Crude -1.2% to $91.42. Gold -1.43% to $1719.75. [View news story]
    Quick: buy Apple...
    Oct 19, 2012. 12:05 PM | Likes Like |Link to Comment
  • Stop worrying about the election, the fiscal cliff or the state of the economy for that matter, advises John Bogle. Investors need to stay focused on the long haul, regardless of market conditions, Bogle says. Good business will survive, so focus on investing rather than speculating. “Get out of the casino, own corporate America and hold it forever.” [View news story]
    Obama, or government more generally, has little to do with corporate America's profitability. Corporate America learned valuable lessons from the recent recession that have nothing to do with government, including implementing more lean cost structures, and these lessons magnified profitability as demand returned. Unfortunately this is the kind of mind set many people may have come election time. There is a great divide, however, between corporate America's profitability and the well being of its citizens. The increased number on welfare programs highlights this great divide as more people have become addicted to government assistance and have the "entitlement" mindset. Obviously there are many people who are out of work and working hard to get a job and I feel for those people. So before you vote (and I don't care which way you vote) understand that Obama and his support staff don't deserve too much credit or too much blame for the profitability of America as a whole. Corporations will generally find a way to be successful and profitable. It's just been more difficult under the Obama administration.
    Oct 17, 2012. 08:55 PM | 1 Like Like |Link to Comment
  • More on Windows 8: 1) A recent Forrester survey adds to fears of poor enterprise adoption. Only 1/3 of respondents said they expect/plan to use Windows 8, compared with 2/3 who said the same about Windows 7 in '09. 2) Shipping times for the $499 Windows RT Microsoft Surface model have risen - Microsoft reportedly ordered 3M-5M Surface units for Q4. 3) Windows RT and its pre-installed apps consume 12GB of storage (12x more than iOS). [View news story]
    Oops!
    Oct 17, 2012. 02:09 PM | 1 Like Like |Link to Comment
  • More on Windows 8: 1) A recent Forrester survey adds to fears of poor enterprise adoption. Only 1/3 of respondents said they expect/plan to use Windows 8, compared with 2/3 who said the same about Windows 7 in '09. 2) Shipping times for the $499 Windows RT Microsoft Surface model have risen - Microsoft reportedly ordered 3M-5M Surface units for Q4. 3) Windows RT and its pre-installed apps consume 12GB of storage (12x more than iOS). [View news story]
    I hear you on #3 in principle, but who cares about an extra 11GB of used storage when standard hard drives now store 500GB at the low end and up to 2T on the high end. Windows 8 only consumes an extra 2.2% of hard drive space on the low end and 0.55% on the high end. System performance/features matters more.
    Oct 17, 2012. 12:48 PM | Likes Like |Link to Comment
  • According to a recent study, it appears that taking a multivitamin daily could reduce the risk of cancer. A large clinical trial of nearly 15K older male physicians followed for more than a decade found that those taking a daily multivitamin experienced 8% fewer cancers than the subjects taking dummy pills. Researchers say that it's a statistically significant reduction, and the findings will be presented today at an American Association for Cancer Research conference. Vitamin Shoppe (VSI +1%) and GNC Holdings (GNC +0.3%) both move higher on the report. [View news story]
    There have been many studies about the health benefits of multivitamins. Unfortunately a lot of the studies, some of which include larger test groups, show just the opposite is true; that multivitamins negatively affect a person's health.
    Oct 17, 2012. 12:40 PM | 1 Like Like |Link to Comment
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