There have been 10x as many iPad (AAPL +1.2%) trade-in offers on eBay's site this February as there were a year earlier. While the surge in iPad sales that's occurred over the last 12 months can account for much of this increase, eBay's data could nonetheless be an indicator of strong pent-up iPad 3 demand. (earlier) [View news story]
I really don't want to throw water on your blog but there's a flaw I need to point out to you and all the rest of the investors out there.
The problem begins with the fact that Nestle reports it 'numbers' in Swiss francs. The over valued franc has had a negative impact on sales and income. I don't believe you take this into account.
For example, FX impact on 9 months of 2011 sales was 15.1% [negative]. A big number. The organic sales for the first nine months of 2011 increased by 7.3%, a big number considering the economic environment for 2011.
Since earnings are reported once a year, we need to look at 2010 earnings as reported in February which was up10.3% in constant currencies Vs. 7.4% in CHF.
The Swiss central bank has been successful in driving down the franc and their success will have a huge positive impact on Nestle earnings going forward.
If you look under the rocks one would be long [big time] on Nestle.
There have been 10x as many iPad (AAPL +1.2%) trade-in offers on eBay's site this February as there were a year earlier. While the surge in iPad sales that's occurred over the last 12 months can account for much of this increase, eBay's data could nonetheless be an indicator of strong pent-up iPad 3 demand. (earlier) [View news story]
Analysts Say Nestle Is Overvalued [View article]
The problem begins with the fact that Nestle reports it 'numbers' in Swiss francs. The over valued franc has had a negative impact on sales and income. I don't believe you take this into account.
For example, FX impact on 9 months of 2011 sales was 15.1% [negative]. A big number. The organic sales for the first nine months of 2011 increased by 7.3%, a big number considering the economic environment for 2011.
Since earnings are reported once a year, we need to look at 2010 earnings as reported in February which was up10.3% in constant currencies Vs. 7.4% in CHF.
The Swiss central bank has been successful in driving down the franc and their success will have a huge positive impact on Nestle earnings going forward.
If you look under the rocks one would be long [big time] on Nestle.
My two cents.
Regards.
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