Mav
Member
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Posts: 10,784
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Post by Mav on Dec 15, 2014 18:31:21 GMT -8
Thanks, Mav, we always appreciate your terrible market logic. I aim to please. Hey that wasn't MY logic just then and you know it, heh
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Post by chasmac on Dec 15, 2014 18:48:08 GMT -8
Let's not forget that China is an oil importer so this dip in oil prices helps them a lot and Apple should benefit as well. Don't think squiggly lines mean much in this crazy environment.
The only thing I gleaned from the GTAT ruling is that Apple gets $31K less (169K vs. 200K) per furnace sold of the first 500. Peanuts.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 16, 2014 0:00:41 GMT -8
Am I the only one who gets freaked out every time a spread is EXERCISED/ASSIGNED and 7 figures are at stake? I should be used to it by now, but it still gets the heart going.
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mark
fire starter
Posts: 1,574
Member is Online
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Post by mark on Dec 16, 2014 11:10:08 GMT -8
Am I the only one who gets freaked out every time a spread is EXERCISED/ASSIGNED and 7 figures are at stake? I should be used to it by now, but it still gets the heart going. Totally freaked out! It also messes up long-term gains on options!
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Post by artman1033 on Dec 16, 2014 11:14:31 GMT -8
Company-Level Buybacks: Apple Drives Increase with 2nd Highest Quarterly Repurchase Apple: $17 billion (+240%) At the company level, Apple was the largest contributor to the increase in dollar-level share repurchases on a year-over-year basis. The company spent $17.0 billion in share repurchases during Q3 2014, which was the highest amount spent by any company in the index and reflected a 240% increase over the year- ago quarter ($5 billion). It is important to note that $9 billion of the $17 billion dollar total was a payment for a new accelerated share repurchase arrangement (“ASR”) initiated in August. This marked the second-highest dollar amount spent on buybacks during a quarter by an individual company since 2005 (when FactSet started tracking the data), trailing only Apple’s $18.6 billion dollar purchase during Q1 2014. On a trailing 12-month basis (TTM), Apple has now spent the highest amount on buybacks of all the companies in the index. Apple’s total spending over this time frame ($55.9 billion) is nearly three times higher than IBM’s total spending ($19.3 billion), which is the second-highest amount in the index. Aside from Apple (+$12.0 billion), a number of other companies were also significant contributors to the dollar-level increase in buybacks compared to the year-ago quarter, including Monsanto (+$4.5 billion), Intel (+$3.6 billion), CBS Corporation (+$2.8 billion), Merck (+$2.5 billion), and Johnson & Johnson (+$2.3 billion). On the other hand, companies that recorded substantial year-over-year declines in dollar-level spending on buybacks included Halliburton (-$3.0 billion), Pfizer (-$2.5 billion), and QUALCOMM (-$2.1 billion). www.factset.com/websitefiles/PDFs/buyback/buyback_12.16.14?utm_source=social#sthash.ozqTfBVL.dpuf
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Post by artman1033 on Dec 16, 2014 11:22:51 GMT -8
Let's not forget that China is an oil importer so this dip in oil prices helps them a lot and Apple should benefit as well. Don't think squiggly lines mean much in this crazy environment. The only thing I gleaned from the GTAT ruling is that Apple gets $31K less (169K vs. 200K) per furnace sold of the first 500. Peanuts. According to amended settlement GT will sell its 2,000 sapphire furnaces as it returns to becoming a sapphire furnace manufacturer rather than a sapphire producer. The sapphire furnaces were installed at Apple’s Mesa, Arizona production facility and will - as previously stipulated - be used by GT to clear its debt to Apple and its creditors. However according to Reuters the amended settlement gives Apple a smaller share of the cash for each furnace sold. The furnaces are expected to be sold for $500,000 apiece with Apple getting a $169,000 cut instead of $200,000 agreed to in the previous settlement. GT will end up getting a higher cut from the sales and will be allowed to store the furnaces that it is trying to sell at the Arizona facility for another three months without paying rent. The Apple-GT partnership been rock and both companies will be hoping for an end to the association as quickly as possible. Apple’s problems with GT began in 2013 when the company closed a $578 million deal to make GT its primary sapphire supplier. The sapphire furnace manufacturer had no experience in operating the equipment and made the mistake of hiring independently instead of outsourcing the work. GT’s attempts at sapphire production at the Mesa facility were mired with mismanagement, poor sapphire yield from operations and other production issues that caused cost of operations to rise substantially. Apple agreed to further finance the deal by paying $100 million with a delayed date of repayment at a point where the tech company had already poured $439 million into GT in addition to $700 spent on the infrastructure for GT’s operations. After getting out of the current arrangement Apple will probably be looking for experienced sapphire manufacturers, which can meet its requirements. www.bidnessetc.com/30946-apple-inc-aapl-moves-to-assuage-gt-advanced-gtatq-creditors/
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,433
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Post by chinacat on Dec 17, 2014 11:18:07 GMT -8
What just happened? Surely this can't be based on the final verdict from the brain-dead iPod suit.
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Post by incorrigible on Dec 17, 2014 11:39:23 GMT -8
Fed announcement. Please use todays intraday thread. This is old.
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