Senate Slams Apple On Tax Avoidance [View article]
If Tim went in there and told them we'd all be a lot better off with term limits for Congress he'd get a standing ovation from America and probably a new loyalty to their products.
What an absolute dumpster fire this system has become. They allow lobbyists (read: corporations) to write their laws and then they complain when they are followed.
Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous) [View news story]
HAHAHAHA!! Good Luck Tim! I'm sure your logical, reasonable argument will help change the law.
Oh wait, we live in a country where Congress has evolved to only be driven by 4 things:
1) Being re-elected as many times as possible 2) Catering to the people/corporations who finance their campaigns 3) Working well with their lobbyist buddies with whom they used to work so they too can land cushy jobs on K Street 4) Oppose anything the other party suggests, no matter how it benefits the citizens of the United States
What Will $2 Million Get You In Retirement? [View article]
luckily your mother Dorothy (who is a Saint) will take care of you should your continued mediocrity as a newscaster not allow for a comfortable retirement.
Google's (GOOG +0.1%) sell-side PTs have been surging as shares continue trading above $900 following a torrent of I/O news. The I/O news demonstrates "Google remains one of the most innovative and forward thinking companies of this generation," gushes Topeka, which has raised its PT to $999. Baird's PT is now at $1,025, and Argus' at $1,065. In some respects, the mood resembles that surrounding Apple not too long ago. [View news story]
GOOG is great @Sermer but I'd sell calls against your position and maybe even buy a few protective puts because a) revenue actually shrunk last quarter for the first time in their history (nothing wrong, just maturing) and b) this big money that left AAPL and went into GOOG looks like it's having the exact same trajectory of stock price run. And we know what happened to AAPL on their next 'less than awesome' quarter. I got very very burned holding all of my AAPL shares and was blind to the idea that it could crash so hard given their balance sheet and profitability. Please learn from my mistake.
Google's (GOOG +0.1%) sell-side PTs have been surging as shares continue trading above $900 following a torrent of I/O news. The I/O news demonstrates "Google remains one of the most innovative and forward thinking companies of this generation," gushes Topeka, which has raised its PT to $999. Baird's PT is now at $1,025, and Argus' at $1,065. In some respects, the mood resembles that surrounding Apple not too long ago. [View news story]
Of course it does, when all the lemmings left AAPL they put their money into GOOG. It was very obvious. The spread on forward P/E ratios is really gowing between the 2 companies. If Wall Street ever rewarded AAPL with the same P/E as GOOG it would've hit $1000 first.
What Will $2 Million Get You In Retirement? [View article]
Scary how little income you can actually pull if you're destined to live to 95. Fortunately, no one in my family has come close so I'm going to kick it up a notch and plan on an exit well before then.
And I personally think that with dividend titans like the ones you've listed plus some emerging ones (AAPL, INTC, V) that they are so safe that there's never a reason to own a Treasury bond. Muni's maybe, but not US Federal Gov't treasuries, especially at today's yields.
Agree 100% - it's Wall Street's new AAPL and we know how finicky they can be. I bought a January $910 PUT yesterday because I agree with you. Nicely done. Short, sweet and accurate in my opinion.
Google Vs. Apple: Spring Of Hope, Winter Of Despair [View article]
When I read a title like this I'm inclined to short GOOG and long AAPL, so I did. Just bought some January 2014 $910 Puts on GOOG and added to my AAPL long.
It's amazing how the water cooler talk usually precedes major market changes. Remember just a few years ago when everyone was talking about how much their house appraisals were rising?
Salesforce.com May Be Selling You - Buyer Beware [View article]
dk1007 - there were folks like you dancing around during the rise of Enron, WorldCom, HealthSouth and Tyco. If we don't learn from history, it is certain to repeat itself, which it is doing now in 'the cloud'.
If you are taking profits and hedging your bets and get out before the collapse, well done. But the main pattern with people like you is belief that the Emperor's clothes are actually beautiful and therefore when the first mutual fund sees that he's not wearing any (meaning CRM will never ever ever grow into this valuation), the dk1007's usually take massive losses and then hope that the dead cat bounce is the path back to even. And it never is. It just keeps going down, down down into financial hell. Benioff & Company will remain billionaires, but you'll lose most or all of your investment.
More from Gundlach: Not concerned about inflation, he calls TIPS (TIP) "pretty bad" investments and says he'll be a buyer if the 10-year (TLT) yield bounces back to 2% (off 3 bps today to 1.94%). As for the inevitable Apple (AAPL -3.3%) question - he prefers the common stock to the just-issued bonds. Warren Buffett says he prays for stocks he owns to go down in price - it allows him and company repurchase programs to buy at better prices. Is Apple putting money to work the last couple of days? [View news story]
If Apple isn't buying shares at today's prices I'd think they were foolish. This again is a fantastic opportunity pre-June Show and fall launch of new items.
and may I state again that AAPL in the last quarter made more profit dollars (GAAP) than AMZN, CRM, WDAY & N have made in their entire existences. Combined.
Salesforce.com May Be Selling You - Buyer Beware [View article]
Keep up the good fight @Sunil. I agree that they'll continue to manipulate length of contract, etc..to keep everything north of 30% growth.
On the cash flow reconciliation statement, the deferred revenue growth is only 7.8% YOY. Directionally that shows significant slowing of growth rate but if they have been recently closing deals that are 28 months or 36 month contracts then all of that goes out the window. #Cheat2Beat
yeah after AAPL launched the iMac, iPod, iPhone and iPad all in the same year, they really have lost touch. Oh wait, they launched them over a 10 year period, and then everyone and their brother copied their ideas.
Be greedy when idiots write articles like this on SA. Today is a good day to pick up shares.
Senate Slams Apple On Tax Avoidance [View article]
What an absolute dumpster fire this system has become. They allow lobbyists (read: corporations) to write their laws and then they complain when they are followed.
#TermLimits!!
Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous) [View news story]
Oh wait, we live in a country where Congress has evolved to only be driven by 4 things:
1) Being re-elected as many times as possible
2) Catering to the people/corporations who finance their campaigns
3) Working well with their lobbyist buddies with whom they used to work so they too can land cushy jobs on K Street
4) Oppose anything the other party suggests, no matter how it benefits the citizens of the United States
The 'Smart Money' Hedge Funds Don't Look So Smart Anymore [View article]
I am very much enjoying the SAC debacle as he had been torturing our company to break up. (SAC is one of the larger shareholders)
Haven't heard much from him lately, must be busy.
What Will $2 Million Get You In Retirement? [View article]
Google's (GOOG +0.1%) sell-side PTs have been surging as shares continue trading above $900 following a torrent of I/O news. The I/O news demonstrates "Google remains one of the most innovative and forward thinking companies of this generation," gushes Topeka, which has raised its PT to $999. Baird's PT is now at $1,025, and Argus' at $1,065. In some respects, the mood resembles that surrounding Apple not too long ago. [View news story]
Google's (GOOG +0.1%) sell-side PTs have been surging as shares continue trading above $900 following a torrent of I/O news. The I/O news demonstrates "Google remains one of the most innovative and forward thinking companies of this generation," gushes Topeka, which has raised its PT to $999. Baird's PT is now at $1,025, and Argus' at $1,065. In some respects, the mood resembles that surrounding Apple not too long ago. [View news story]
What Will $2 Million Get You In Retirement? [View article]
Picking An All-Star REIT Team To Defend Against Interest Rate Risk [View article]
What Will $2 Million Get You In Retirement? [View article]
And I personally think that with dividend titans like the ones you've listed plus some emerging ones (AAPL, INTC, V) that they are so safe that there's never a reason to own a Treasury bond. Muni's maybe, but not US Federal Gov't treasuries, especially at today's yields.
Google: Hold And Look To Sell [View article]
Google Vs. Apple: Spring Of Hope, Winter Of Despair [View article]
It's amazing how the water cooler talk usually precedes major market changes. Remember just a few years ago when everyone was talking about how much their house appraisals were rising?
Salesforce.com May Be Selling You - Buyer Beware [View article]
If you are taking profits and hedging your bets and get out before the collapse, well done. But the main pattern with people like you is belief that the Emperor's clothes are actually beautiful and therefore when the first mutual fund sees that he's not wearing any (meaning CRM will never ever ever grow into this valuation), the dk1007's usually take massive losses and then hope that the dead cat bounce is the path back to even. And it never is. It just keeps going down, down down into financial hell. Benioff & Company will remain billionaires, but you'll lose most or all of your investment.
We all know how it ends, Good luck dude.
More from Gundlach: Not concerned about inflation, he calls TIPS (TIP) "pretty bad" investments and says he'll be a buyer if the 10-year (TLT) yield bounces back to 2% (off 3 bps today to 1.94%). As for the inevitable Apple (AAPL -3.3%) question - he prefers the common stock to the just-issued bonds. Warren Buffett says he prays for stocks he owns to go down in price - it allows him and company repurchase programs to buy at better prices. Is Apple putting money to work the last couple of days? [View news story]
and may I state again that AAPL in the last quarter made more profit dollars (GAAP) than AMZN, CRM, WDAY & N have made in their entire existences. Combined.
Salesforce.com May Be Selling You - Buyer Beware [View article]
On the cash flow reconciliation statement, the deferred revenue growth is only 7.8% YOY. Directionally that shows significant slowing of growth rate but if they have been recently closing deals that are 28 months or 36 month contracts then all of that goes out the window.
#Cheat2Beat
Danger Zone For This Week: Apple [View article]
Be greedy when idiots write articles like this on SA. Today is a good day to pick up shares.
Long AAPL as an investor not a trader.
#SACrapFest