Alibaba is just another trashy Chinese company. Chinese companies are just filled with fraud and abuse. Can't wait to see Alibaba delisted like so many other Chinese companies. Chanos is so right to short Chinese stocks.
He should have been gone 2 years ago. He lacks any sort of vision for the company. Cook doesn't get it. The iPhone is in the early phases is becoming a commodity item.
Tim Cook doesn't care. He has 100' s of millions of shareholders money. For this year alone, AAPLE has lost over 80 billion dollars in market value.
The watch is stupid. Its a big clunky thing that really doesn't add anything if you have an iPhone. Besides, watches are kind of outdated. They need to fire Cook who really doesn't have a plan.
Without fresh ideas, Apple is doomed. They started out as a desktop computer company then when that kind of died out they moved on to ipods , now they are selling iPhones and that is starting to peak. What is next? The watch isn't going to get is done.
That Cramer interview was so lame. JC looked surprised that Apple was on the decline. It was a deer in the headlight moment. Cook looked more clueless then I have ever seen him. Nothing in the interview convinced me to run out and buy the stock.
They beat on rev's too. The number was very good. Should wait until after the conference call before calling a direction tomorrow but on the surface it looks like a pretty good report. One reason I never bought BWLD stock is because when I went there, the whole place felt uncomfortable and the service was lousy. Servers could care less whether you came or not and sorta acted like I was cutting into there chatting time by showing up. The so called "captains" were not any help at all. BLWD are just incredibly poorly managed. Servers don't know what they are doing and spend more time talking to each other then serving. If you go to TXRH the experience is quite different. They actually try to meet the needs of their customers. I have had complaints two times with TXRH in about 40 visits and received personal calls from the manager as a result of my concerns. I wonder how many of these analysts actually visit the restaurants before they write their recommendations.
Sentiment: Strong Buy
There results have been mixed. They were right about Valeant however, they apparently closed out their short position before the big drop. They have been wrong about TSLA. There negative calls on MBLY look more like desperation then anything else.