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Post by phoebear611 on Oct 22, 2016 3:03:23 GMT -8
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Post by kahunacapitalist on Oct 22, 2016 6:49:23 GMT -8
I don't post often, as evidenced by my post count but I do follow the board on a fairly regular basis. Thank you for starting the weekend post.
Having gotten that out of the way I have a question for those who have more insight about the ATT purchase of Time Warner.What do they see as the value ? Seems to me they are acquiring a Company, Time Warner Cable, that is a competitor to their DIRECTV sub and a Company with a sub that is in an extremely declining /failing business(publishing) and a Company with a sub(HBO) that is being hammered by Netflix, Amazon Prime and HULU. All of this for the low, low price of $85B.
I realize some of you have encouraged Apple to jump in here and that it would only cost about 1/3 of Apple's cash. Help me understand what the value is. I am not seeing it in either case.
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Post by rickag on Oct 22, 2016 9:19:19 GMT -8
I don't post often, as evidenced by my post count but I do follow the board on a fairly regular basis. Thank you for starting the weekend post. Having gotten that out of the way I have a question for those who have more insight about the ATT purchase of Time Warner.What do they see as the value ? Seems to me they are acquiring a Company, Time Warner Cable, that is a competitor to their DIRECTV sub and a Company with a sub that is in an extremely declining /failing business(publishing) and a Company with a sub(HBO) that is being hammered by Netflix, Amazon Prime and HULU. All of this for the low, low price of $85B. I realize some of you have encouraged Apple to jump in here and that it would only cost about 1/3 of Apple's cash. Help me understand what the value is. I am not seeing it in either case. I don't believe they are buying Time Warner Cable, I think that was sold to Charter Cable awhile ago. They are buying Time Warner for content, sorry if I misunderstood your question.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 22, 2016 9:28:03 GMT -8
PS Good luck to the Cubs - rooting for the underdog here - would love to see them get to the World Series and win it all. Also hoping Charlie Sheen gets to throw out the first pitch to the tune of "Wild Thing" for the Indians at the World Series (most of you, I would hope, know what I'm referring to). Actually, Las Vegas currently has the Cubs as favorites to win it all, and we Bostonians already know that the combination of Theo and Lester is capable of breaking legendary curses. Don't know what to think about Tuesday. I just have the feeling that the ennui of the early part of the quarter may not be overcome by the combination of iPhone 7 success and Samsung self-immolation, given the backlog of some of the most desired units, e.g. Jet Black. I hope I am wrong.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 22, 2016 9:37:21 GMT -8
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Post by Luckychoices on Oct 22, 2016 11:03:31 GMT -8
I came across a Reddit link that others may enjoy. I very much agree with the truth of the link statement, at least as it applies to most mere mortals. From the comments I read, none are profane or would be offensive to most, and SOME are worth reading as well. A reminder that nobody knows where the market is going, and trying to time the market is a fool's gameThis is in response to a comment that was made exactly one year ago by /u/Alienm00se: Goodbye Middle Class - 51 Percent of All Americans He speculated that the market is headed for a crash, and it was a good idea to sell out of large caps over the next year and start investing in hedge positions to shield against the crash. He also speculated that gold is going to possibly drop to $850/ounce, and it would be a good buy when it drops below $1050. I set a reminder to see where we are a year later. Well, guess what happened? No surprise here. The closing price of the S&P 500 on 10/21/2015 was $2018 $2052. The closing price on 10/21/2016 was $2141. The S&P 500 is actually up 6% 4.3% even after the tumultuous roller coaster ride we've had this year. Certainly, 6% 4.3% pales in comparison to the raging bull market we've had where we've seen it soar 20% in one year. However, it is still a decent return. Periodically selling off during the past year would have resulted in missing out on those gains as well as possibly locking in some losses since we had a few months where the market fell and then rebounded. Gold did not go below $1050 once all year. The lowest it was all year was exactly $1050.80 on Dec 17, 2016. Today it is $1266. That being said, I still do not recommend gold as an investment. The most prudent advice is, as Warren Buffett recommends, invest in low-cost index funds, and invest long term. Your buddy who's got a hot stock pick? Forget it. Some conspiracy theorist on reddit says the market is overvalued and headed for a crash? Not a chance. Buy index, hold long, don't try to time the market. S&P Historical closing data source: www.marketwatch.com/investing/index/spx/historicalEDIT: I had the original value wrong. It was $2052, not $2018. Sample Comments: [–]ABSOLUTELY__BASED 342 points 6 hours ago* I'm over here laughing at my coworkers who bought back into company stock after a good Q3 earnings report on Thursday and grew like 3% in a day. Then on Friday it went back down 2% or something. It's a lazy river everyone, not a bounce house. Sit back and enjoy the ride.permalinkembed [–]wait_what_how_do_I 151 points 4 hours ago Ironically, thanks to the millions of people who think exactly like that. Everyone dumping their stocks "before" it tanks, that's what makes it tank. Meanwhile, all of us just riding out the wave are doing fine in the long run.
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Mav
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Post by Mav on Oct 22, 2016 18:40:40 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 23, 2016 9:45:21 GMT -8
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Post by tuffett on Oct 23, 2016 13:07:00 GMT -8
PS Good luck to the Cubs - rooting for the underdog here - would love to see them get to the World Series and win it all. Also hoping Charlie Sheen gets to throw out the first pitch to the tune of "Wild Thing" for the Indians at the World Series (most of you, I would hope, know what I'm referring to). Actually, Las Vegas currently has the Cubs as favorites to win it all, and we Bostonians already know that the combination of Theo and Lester is capable of breaking legendary curses. Don't know what to think about Tuesday. I just have the feeling that the ennui of the early part of the quarter may not be overcome by the combination of iPhone 7 success and Samsung self-immolation, given the backlog of some of the most desired units, e.g. Jet Black. I hope I am wrong. I think a "disappointing" Q4 will very quickly be forgotten if guidance shows growth. Which I believe it will.
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Mav
Member
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Post by Mav on Oct 23, 2016 13:44:45 GMT -8
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Post by nagrani on Oct 24, 2016 3:18:53 GMT -8
Great job Mav - wish you all the best.
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