chinacat
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Post by chinacat on Jan 30, 2015 14:26:19 GMT -8
Let's start with the good news: new ATH touched and highest week-closing price of 2015; best quarterly results in history. Otherwise...
??!!??WTF??!!??
Oh, well, this too shall pass. But the Amazon and Google outcomes really rankle.
Still feel great about the Lunar New Year quarter, at least as far as expected results. As for AAPL? I am trying to maintain perspective.
I need a good stiff one! How about you?
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Post by Red Shirted Ensign on Jan 30, 2015 14:42:58 GMT -8
I'm sure everyone knows the old adage about whether the stock market does better in years when the NFC champion wins the Super Bowl or the AFC champ.....so everyone should be rooting for the Seahawks, right Chinacat?
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Mav
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Post by Mav on Jan 30, 2015 15:34:56 GMT -8
Market jitters causing AAPL to give up some gains = no reason to get too worried for a buy-and-hold type, IMHO.
Apple itself can and will buy the stock. AAPL isn't exactly what you'd call vulnerable.
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Post by Red Shirted Ensign on Jan 30, 2015 15:51:03 GMT -8
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Post by Red Shirted Ensign on Jan 30, 2015 15:53:20 GMT -8
From the article:
Apple appears to be asking some high profile app developers and partners to have their Apple Watch-compatible iPhone apps prepared and ready to launch in the App Store in mid-February. According to a source that spoke to MacRumors, Apple has asked its one of its biggest Apple Pay partners to prepare an iOS application with WatchKit support that's ready to launch in the App Store by February 12. It is unclear if Apple asking the same of other developers, but it is possible the company is hoping to test some third-party Apple Watch apps with employees ahead of the device's launch to get a better feel for battery life when using non-Apple apps. As we detailed earlier today, thousands of Apple employees in the Cupertino area are wearing and testing the device on a daily basis to work out final kinks ahead of an April launch. "
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Mav
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Post by Mav on Jan 30, 2015 16:58:01 GMT -8
I don't see how Apple won't have another event for Apple Watch before launch. They didn't get to do a proper demo that early on.
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Deleted
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Post by Deleted on Jan 30, 2015 20:46:45 GMT -8
Oh, an Apple Watch event is lock, and I predict late March with an April launch. Tim's on record for April, so if Apple is still an UPOD company, then April is the latest we see it.
I hope Apple is buying its stock hand over fist while WS sleeps off its stupor, drunk celebrating Amazon's extra 20 cents per share.
The stock market is the early favorite for being the joke of the new century.
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Mav
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Post by Mav on Jan 30, 2015 21:11:30 GMT -8
Apple bought a very "average" amount of stock back for FQ1 - "just" $5B. Interesting. Of course having $158B cash offshore is a little limiting.
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Since84
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To infinity and beyond!
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Post by Since84 on Jan 31, 2015 3:49:31 GMT -8
RE: Amazon
Don't underestimate the ties between Blodgett and Bezos. Both of them know how the game is played and play it well.
One of the rules of pump and dump is not to allow your investors to invest elsewhere, particularly something better -- so you constantly badmouth the alternatives. Sound familiar?
One of these days the house of cards will tumble. No retailer is worth an infinite PE.
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Post by phoebear611 on Jan 31, 2015 4:47:58 GMT -8
RE: Amazon Don't underestimate the ties between Blodgett and Bezos. Both of them know how the game is played and play it well. One of the rules of pump and dump is not to allow your investors to invest elsewhere, particularly something better -- so you constantly badmouth the alternatives. Sound familiar? One of these days the house of cards will tumble. No retailer is worth an infinite PE. SPOT ON ... they are most definitely in bed together. Let's not forget Blodgett is very crafty penning lies ... which got him banned from the securities industry not that many years ago. Bezos is slippery as well. This can't possibly end well but we'll see.
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chinacat
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AAPL Long since 2006
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Post by chinacat on Jan 31, 2015 7:09:52 GMT -8
Following up on yesterday's operational management topic, Ewan Spence does a nice job of explaining how that translates into strategic and tactical thinking.
EDIT: See proper link below. Thanks, Red.
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Post by Red Shirted Ensign on Jan 31, 2015 7:25:59 GMT -8
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Post by Red Shirted Ensign on Jan 31, 2015 8:24:27 GMT -8
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Post by archibaldtuttle on Jan 31, 2015 8:45:04 GMT -8
PED: A bipartisan initiative to give Appleās foreign profits a one-time tax holiday might just fly. for.tn/1Eu2qwuWhat would the effect on the stock be? The no buybacks thing seems strange considering money is fungible and all that...
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Ted
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Post by Ted on Jan 31, 2015 8:56:40 GMT -8
Great article. The best part though is the fAndroid response. Android has 81% market share - how is that Apple winning?! 64 bit computing is useless - you need 4 gigs of RAM for it to do anything. Apple uses slaves - they only care about $$ - bring factory jobs back to the US of A. Thieving Apple got back at Samsung by stealing their big phone designs and claiming they got ripped off - oh the irony, oh the humanity... It's the frog in the rapidly heating pan syndrome. They just don't get it even as it's happening around them quickly. Our ability to read the subtle writing on the wall allows us to make great investments....subtle things like the Largest Quarterly Profit in Corporate History. I felt like writing an epic response to all the dumbshits, but realized there's no point... Happy Super Bowl weekend to all. And let's make some new ATHs next week!
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Post by Lstream on Jan 31, 2015 9:17:13 GMT -8
Great article. The best part though is the fAndroid response. Android has 81% market share - how is that Apple winning?! 64 bit computing is useless - you need 4 gigs of RAM for it to do anything. Apple uses slaves - they only care about $$ - bring factory jobs back to the US of A. Thieving Apple got back at Samsung by stealing their big phone designs and claiming they got ripped off - oh the irony, oh the humanity... It's the frog in the rapidly heating pan syndrome. They just don't get it even as it's happening around them quickly. Our ability to read the subtle writing on the wall allows us to make great investments....subtle things like the Largest Quarterly Profit in Corporate History. I felt like writing an epic response to all the dumbshits, but realized there's no point... Happy Super Bowl weekend to all. And let's make some new ATHs next week! Ted, As part of just wanting to understand the Android world, I joined one of the larger sites and spent some time on the forums. Including some related to iphone and Apple. There are some fandroids who are balanced, but it is futile to debate those who have arguments like the ones you mentioned. I got the sense that I was dialoging with stunted high school students that could not think beyond the simplest blind prejudice. They have it in their head that Apple is the evil oppressor, that their products are for people who can't think for themselves and so on. I did find out that many of them actually are high school students, and that much of their frame of reference is what they see going on in the mall. You made the right choice by not wasting your energy on these types.
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Post by macwire on Jan 31, 2015 10:11:59 GMT -8
I'm totally underwhelmed by the watch. Is it ok to say that? I hope it's a raging success. But I will wait for v2 or v3. Or whenever there's a model that can charge kinectically
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JDSoCal
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Post by JDSoCal on Jan 31, 2015 10:39:09 GMT -8
PED: A bipartisan initiative to give Appleās foreign profits a one-time tax holiday might just fly. for.tn/1Eu2qwuWhat would the effect on the stock be? The no buybacks thing seems strange considering money is fungible and all that... Well, welcome to Californians' strange world. Thank God Barbara Boxer is retiring. She's the worst. It is pretty disturbing that a Libertarian like Paul would sign off on this micromanaging of corporate profits. Amazing that the libs think a trillion of borrowed dollars dumped into the economy is a "stimulus", but God forbid stockholders be given their own, already-taxed (and to be taxed again at the individual level) dividend money! Every other country but the US has a territorial tax regime. Hopefully this nonsense will be removed from the final bill. Imagine what Apple could do with $100+B, and the potential effects on AAPL.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Jan 31, 2015 10:40:57 GMT -8
I'm totally underwhelmed by the watch. Is it ok to say that? No, considering you haven't even seen it yet, let alone its reception.
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Post by mace on Jan 31, 2015 10:45:31 GMT -8
...it is futile to debate those who have arguments like the ones you mentioned. I got the sense that I was dialoging with stunted high school students that could not think beyond the simplest blind prejudice. They have it in their head that Apple is the evil oppressor, that their products are for people who can't think for themselves and so on. I did find out that many of them actually are high school students, and that much of their frame of reference is what they see going on in the mall... Critical thinking classes fail to help them. Proud of what they have... rationalize the situation of owning an Android.
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Mav
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Post by Mav on Jan 31, 2015 14:43:44 GMT -8
Android owners seem to hate on iPhone owners a lot more than vice versa.
What's new.
Far as the cash repatriation thing, Tim Cook was clear: Corporate tax reform, single-digit transfer tax.
Hahahaha not happening anytime soon. So, the status quo continues. I'm not sure why Apple didn't try and buy the dip during Sep-Dec (tho $5B in open-mkt purchases ain't pocket change), but my WAG, there was a strong element of they just couldn't buy as much as they would've liked. Plenty of domestic sales, but nearly 8x the cash offshore. It's limiting.
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Mav
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Post by Mav on Jan 31, 2015 16:17:38 GMT -8
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Post by phoebear611 on Jan 31, 2015 18:10:43 GMT -8
Just a little reminder to stay positive coming into Monday given that the first trading day in February, the Dow, S&P, and NASDAQ have been up 10 of the last 12 years.
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Post by Red Shirted Ensign on Jan 31, 2015 18:25:59 GMT -8
Just a little reminder to stay positive coming into Monday given that the first trading day in February, the Dow, S&P, and NASDAQ have been up 10 of the last 12 years. And in years when the NFC champions win, ( Seahawks) the market does better. So Phoebes, you are not going to root for those cheat in' patriots, are you? That would be like cheering for"....................."(wait for it)..,,,,,.,,...................,.........Samsung.
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Mav
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Post by Mav on Jan 31, 2015 18:32:55 GMT -8
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Post by chasmac on Jan 31, 2015 22:42:04 GMT -8
PED: A bipartisan initiative to give Appleās foreign profits a one-time tax holiday might just fly. for.tn/1Eu2qwuWhat would the effect on the stock be? The no buybacks thing seems strange considering money is fungible and all that... Well, welcome to Californians' strange world. Thank God Barbara Boxer is retiring. She's the worst. It is pretty disturbing that a Libertarian like Paul would sign off on this micromanaging of corporate profits. Amazing that the libs think a trillion of borrowed dollars dumped into the economy is a "stimulus", but God forbid stockholders be given their own, already-taxed (and to be taxed again at the individual level) dividend money! Every other country but the US has a territorial tax regime. Hopefully this nonsense will be removed from the final bill. Imagine what Apple could do with $100+B, and the potential effects on AAPL. Thought you retired? It was such a pleasant place... How many employees would Apple hire? ZERO. Why would they hire anyone else, they already have the money to add tons of employees but they don't since they only employ what they need. Tim Cooks not sitting there thinking, jeez Louisiana, I wish I had some more cash so I could add new employees, we really could use them. They have to force them to invest in something that actually creates jobs and puts money in the pockets of people that actually spend it. Btw, last time we had a tax repatriation holiday, most of the money went to mgmt./stockholders/buybacks which only makes the wealthy wealthier.
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Post by phoebear611 on Feb 1, 2015 6:23:28 GMT -8
Just a little reminder to stay positive coming into Monday given that the first trading day in February, the Dow, S&P, and NASDAQ have been up 10 of the last 12 years. And in years when the NFC champions win, ( Seahawks) the market does better. So Phoebes, you are not going to root for those cheat in' patriots, are you? That would be like cheering for"....................."(wait for it)..,,,,,.,,...................,.........Samsung. AARRRGGGHHH! YOU'RE KILLING ME!
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Post by rickag on Feb 1, 2015 6:35:09 GMT -8
chasmac
I respectively disagree.
First no one knows what Apple would do with any repatriated funds.
Second, while buybacks and dividends do help the wealthy, they also help millions of people like it did my parents. My dad was in the military, not a good plan to become wealthy, but he & my mother invested what they could almost exclusively in mutual funds. Typical investing strategy of the middle class.
Any buybacks and/or dividends directly increase the worth of stocks and therefore mutual funds. In doing so, that allows people like my parents, when they were alive, to have a comfortable retirement without placing an extra burden on our already overtaxed social programs. It allowed them the benefit of spending more money which was injected into the economy.
My parents were typical of the millions of fiscally responsible adults that saved their entire lives for retirement. I agree buybacks and dividends reward the wealthy but these same tools help all of the average people that struggle to save and not end up wards of the government.
A side benefit of the injection of trillions of dollars into the economy could be a drag on interest rates, a very huge benefit to our government. Any rapid increase in interest rates would be devastating because our government has so much debt.
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Post by Red Shirted Ensign on Feb 1, 2015 7:50:08 GMT -8
As I understand it, the repatriated funds would be taxed at a lesser rate than the existing capital gains rate, but without a reduction are unlikely to ever see American shores again. The Boxer/Paul bill aims the new tax revenues at highways and bridges...normally paid for by the gas tax. Somehow those roads and bridges HAVE to be repaired....the current highway fund can't get it done and I like to think we all like safe roads and bridges. So, repatriate the funds at some negotiated rate or raise gas taxes...or look behind Door Three Monty.
Having dealt with the jackels in Washngton for many years, don't get too excited over the early Swan Dance of proposals. Boxer is "Apple's senator" and she would not have floated this without some winking and nodding from Cupertino.
Still many iterations to go in any proposal, including softening the uses of the funds....and, hey, it's voluntary. If Apple doesn't like the terms, don't bring the money home.
In edit: Obama is now on board with a 19% rate AFTER a one time 14% tax whether repatriated or not. .So watch the sausage get made from here.....my personal guess: something does get done an 11% or so rate for a three year window. The money can be used for divs but not for share buybacks. No bonuses. Just a WAG, but this kind of compromise would Allow Apple and other firms ( it's not just Apple after all) to manage use of cash reasonably well.....the repatriated cash would cover all future dividends along with R&d, etc. buybacks come out of domestic cash flow. Apple gets the deduction for the tax on, say, thirty billion of repatriated funds, in a year when they can use it! The green eyeshade boys juggle the money uses and everybody gets something......
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Post by hledgard on Feb 1, 2015 8:47:19 GMT -8
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