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shakenbake2011

shakenbake2011
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  • Apple: Stop The Dividend [View article]
    "Institutional investors do not pay capital gains taxes at the 20% rate, which individuals do and therefore are happy to receive dividends when shares are fairly priced or overvalued."

    Not so fast Marc, unless you are making more than $200k as an individual, you will be paying about 15% federal tax on dividends.
    Jul 2, 2013. 05:27 PM | Likes Like |Link to Comment
  • The Savings Rate Becomes A Key Wildcard With Higher Interest Rates [View article]
    I'd like to see a chart of savings rates versus the mortgage rate versus the case shiller index. I think that people spend more when they are bullish on the price of their house because it is most people's largest asset. With housing prices still mending I would expect people not to save. As mortgage rates go up an housing becomes less affordable price increases may cool and that is when spending will fall and saving will start. One has to assume that pre-payments slow, which can really be bad for holders of unhedged extension risk.
    Jun 26, 2013. 05:25 PM | Likes Like |Link to Comment
  • Analysts Slowly Sour On Apple [View article]
    LOL
    Jun 18, 2013. 10:52 PM | 1 Like Like |Link to Comment
  • Analysts Slowly Sour On Apple [View article]
    Good memory Stan, most likely situation was they or one of their valuable clients was selling those 450 calls.
    Jun 18, 2013. 10:50 PM | Likes Like |Link to Comment
  • Asked on the earnings call if a large increase in hedging activity is a sign the company believes interest rates are set to rise, American Capital (AGNC +1.4%) CIO Gary Kain says not necessarily. The Fed's iron grip on the yield curve has driven bond volatility so low and made hedging so cheap, it doesn't make sense not to hedge - it's a nearly-free call on the chance of higher rates. This just in: Gary Kain knows his business. [View news story]
    Gary "Coke" Kain is the man! Guy swaps rates like your mom swaps hair pieces.
    Feb 8, 2013. 01:50 PM | Likes Like |Link to Comment
  • David Einhorn's Interview About Apple's 'Cash Problem' [View instapost]
    Hopefully the AAPL press release represents a change within AAPL management regarding their attitude towards shareholders. Many of AAPL's shareholders are also loyal customers. Return money to the shareholders and they will use it to buy more iStuff. For as good as the company is with marketing its brand, one would think they would have done more to stem the discontent with their cash allocation policies before now. AAPL has not marketed their stock well as of late. It's still too early to tell the stock's fate, but AAPL needs to follow-through beyond their $10billion buyback considering the stock is roughly flat YOY vs a double digit S&P return. I don't think that following through on better net cash management and "making products their customers love" is too much to ask.
    Feb 7, 2013. 07:15 PM | 1 Like Like |Link to Comment
  • Apple (AAPL +2.4%) responds to David Einhorn's letter opposing Proposal 2 within its shareholder meeting proxy by insisting the proposal won't prevent the issuing of preferred stock, but simply requires that such a move receive shareholder approval. The company adds it will "thoroughly evaluate Greenlight Capital's current proposal to issue some form of preferred stock," and has been "in active discussions about returning additional cash to shareholders." Shares spiked higher into the close. (Einhorn's letter[View news story]
    Hopefully this press release represents a change within AAPL management regarding their attitude towards shareholders. Many of AAPL's shareholders are also loyal customers. Return money to the shareholders and they will use it to buy more iStuff. For as good as the company is with marketing its brand, one would think they would have done more to stem the discontent with their cash allocation policies before now. AAPL has not marketed their stock well as of late. It's still too early to tell the stock's fate, but AAPL needs to follow-through beyond their $10billion buyback considering the stock is roughly flat YOY vs a double digit S&P return. I don't think that following through on better net cash management and "making products their customers love" is too much to ask.
    Feb 7, 2013. 07:13 PM | 3 Likes Like |Link to Comment
  • Lessons Learned From An Apple Bull [View article]
    This is the best SA article I have ever read. Michael, don't take the advice of random commenters on SA. You have a sound understanding of the most important facets of finance. I would invest with you as long as you kept an independent mindset, conducted the same organic research you provided to your readers, and had the same skin in the game. Good luck in the future, I look forward to your research.
    Jan 25, 2013. 05:51 PM | 5 Likes Like |Link to Comment
  • How Much Does Apple Make? A DuPont Analysis [View article]
    I think you are confusing the cheerleaders on CNBC with WS analysts. Media writes the tabloids. Cut and paste an example from one of your so called analysts.
    Jan 23, 2013. 06:35 PM | Likes Like |Link to Comment
  • How Much Does Apple Make? A DuPont Analysis [View article]
    WS analysts do this analysis like it or not. Sure the WS guys predict incorrectly sometimes, but to assume they are idiotic is even more idiotic. I'm no defender of WS and don't believe the crooks should have been bailed out, but analysts that work on WS are almost always very bright, talented, and capable people.
    Jan 23, 2013. 01:21 PM | 1 Like Like |Link to Comment
  • Apple Earnings Forecast: $55B Revenue And 48M iPhones Sold [View article]
    Haha, classic troll right there. Nice work.
    Jan 22, 2013. 11:22 AM | Likes Like |Link to Comment
  • Microsoft's Surface Pro Will Be A Success [View article]
    I'm only engaging in an exercise that a customer would. MSFT is going to make office for iOS, because they know the surface is not going to be widely adopted.
    Jan 17, 2013. 10:43 AM | Likes Like |Link to Comment
  • Dissecting AutoZone's Earnings Growth (The Results May Surprise You) [View article]
    I've thought that AAPL should buyback with their tremendous amount of cash. It would be interesting to extrapolate eps given a level of buybacks in the future or to have looked at EPS of past quarters given buybacks occurred at some point and some price in the quarter. I prefer buybacks to dividends, certainly apple has the cash and BS. I would even recommend AAPL take out debt to pay for buybacks because at the end of the day it would lower their cost of capital and increase EPS rather drastically. I look forward to your other articles, and think too little time is spent analyzing the drivers of the a business and the trends in those drivers relative to the price trend.
    Jan 16, 2013. 06:39 PM | Likes Like |Link to Comment
  • Dissecting AutoZone's Earnings Growth (The Results May Surprise You) [View article]
    Really interesting article. Very good analysis backed up with graphs and explanation. It's no secret that AZO buybacks have been a boon for the stock, but it is reassuring to see management emphasize consistent operating margins, increasing store openings, and increasing SSS. Thank you for this insightful article.
    Jan 16, 2013. 05:58 PM | 1 Like Like |Link to Comment
  • Microsoft's Surface Pro Will Be A Success [View article]
    The Surface Pro is DOA. Surface RT doesn't offer value either. I love my win 7 laptop that I got from walmart for $299. It offers acceptable performance at the right price. The surface is missing the value part of the equation. If the pro version cost more than an iPad it will be a niche product that will not be widely adopted by anyone.
    Jan 16, 2013. 05:22 PM | Likes Like |Link to Comment
COMMENTS STATS
74 Comments
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