All well and good but housing is not a valid comparison. They arent making any more land and housing in key areas was sure to recover smartly. There is no competition. QCOM is facing competitors who make the same things it does at cheaper prices. With no growth in earnings expected (today, Amazon announced it will not use QCOM chips) can QCOM keep up its 3.5% dividend (or even deign to continue raising it) in this environment?
I wish QCOM would come out with an explanatory business and financial update for the benefit of ailing shareholders. Badly needed in my view.
There is "no news suggesting it" because QCOM does not keep its stockholders informed about what is going on!
Now more than ever, with QCOM stock about to again hit 52-week lows, QCOM needs to give stockholders regular financial and business updates. So far, nothing.
I would love for you to ask T. Rowe Price and get an answer as they have a very hefty position in ZQK.
Remember too, ZQK is controlled by insiders (individuals and related institutional holders) so they effectively call the shots here.
These earnings may or may not be a disaster, but QCOM's estimate of 2015 remainder will be a disaster, IMHO causing the stock price to tank. Really disappointed at managements failure to manage!
Seems to me that the direction China is taking, no business will be able to stay alive, across the board. Yet many still believe that we are on friendly terms with China.