geez - thought the earnings were pretty good too.
earnings were great. Look at how much money they made. Plus china boost coming and new products. I don't get it.
I get it may need more pizzazz to trade at a high multiple. But people keep looking at this like FB, AMZN or NFLX. They are the ones that need explosive growth and innovation to maintain a 300 PE. Since when does a 10 PE stock need to prove itself with huge growth and innovation to maintain a PE of 10? That is stupid.
Cook has always delivered. What there is not confidence in is his ability to hold their hands. He could do better at that. But the company has only grown more and more healthy over the his tenure. Just look at the balance sheet. In the end, that is what he is hired for. Maybe he should spread whispers about drones dropping ITUNES gift cards down chimneys or a special delivery service for the mail. But he doesn't. So be it. Leave. But I gaurantee you when AAPL releases its next new product the world's jaw will drop.
People are looking past the GOOG victory and asking what next? So VRNG gets a billion dollars. Unless they will distribute it directly to shareholders what is the actual value of the money to shareholders? Investors are always looking ahead. Since VRNG doesn't make anything or generate additional revenues eventually they will expense through that money too. At this point there is no visibility as to what VRNG actually does with it so you would only buy up the stock on some blind trust in management. Not sure that is a good reason to buy. Unfortunately I wish I would have discerned this before I bought at 5.10.
so why buy now?
to 5% royalty rate? This was in 5's with 3.5% RR. basically 3's with 6.5% RR. Good news is killing us!!!!!
other companies trade up on possible new exciting products/revenue streams, but AAPL does not. Why do people view GOOG, AMZN, and FBs enviable revenue and cash position as ability to fuel innovation but they don't give that to AAPL?
wait till market in general turns. Market could easily drop another 10% here which will drop VRN to 3.5 are less just on the general selling.
why is it accumulation and not selling? Market was up yesterday. When market is up VRNG is flat and when market is down VRNG is down more. No way to spin that positive. My guess is Feb 12 we hear about a secondary issued at $3.25-3.5. That is the only news that will matter.