HA HA you are just dopey. Too many people believed the perma bear nonsense of MS going out of business because the end of PC means end of MS stupidity. Every lemming sold already.
Wow. MSFT going to move higher. What a bunch of BS that IDC report was. Pure manipulation to release right before earnings. The goal was to trick folks out of their shares.
The cash itself isn't the problem but what they do or don't do with it that is the problem. Sitting on a pile of cash does nothing for the company. Companies that hoard cash make me nervous. Either they think the stock is too overvalued to buy or there is no good acquisition they can make to grow earnings or they think the outlook is so bad that they have to hoard cash to survive. Cash rich Intel is taken to paying a big dividend and buying back large blocks of stock to use up cash. Buying back share will give a much higher return on equity then sitting on cash that pays less then 1%. Bulls like to boast about a high cash position but hoarding cash is doing nothing for the growth of the company so it seems pretty useless.
Lol all these Apple fanatics were saying how much better it was to own Apple then MSFT or INTC. Well how do you like them apples now? It is buy cheap and sell high not buy high and sell cheap. YTD MSFT is up 8% and it is going to get much more expensive after earnings and Apple is down 20% YTD. Sell Apple and buy MSFT.
I heard about the same kind of remark on this board about people who sold at 600 at 500 and at 400. So what? They think it is going down so they are getting out. So far the people who have been selling have been right to sell.
Remember when Joe Terranova called Apple a "Generational buy?" They are master pumpers.
On the surface, the company appears to be on track. Smartphone sales are growing nicely and that is where Nokia is going longer term. Traditional handset sales fell more than folks thought but we know that is going away anyway.
I have decided with the pricing of the miners and cost that will probably come down due to lower energy costs that it was better to buy some of the best miners and wait it out rather than buy the metal. Buying gold is certainly a lot simpler and safer but I feel that the miners have much more upside. I own NEM although my position is small. The divy is more than 5 percent but I don't think that will last unless we get some stabilization in GOLD. I look at Gold and Miners as a hedge and right now it is less than 5% of my portfolio. Personally, I have been heavy into Nat gas pipelines because I believe going forward carry volumes will be higher much more into midstream then producers. I don't think pricing will be that good for oil and nat gas going forward but folks will need the pipelines to carry the stuff and processing because of higher volumes so that is my theme.
LOL, permabull Munster finally gave up and lowered his target on AAPL again. Apple supplier CRUS plunging on weak outlook. No reason to buy before earnings. Maybe a bunch of folks want to short before earnings. Short interest still low. Can see the big boys load up on shorts before the earning release.
Looks like everyone wants out of their long positions before earnings. Option players are getting flushed out before expiry. This could get very ugly today.
Well back then the Wall Street crowd loved it. I remember them pumping it wildly. It is probably the most overhyped stock of the decade. Now it is more balanced. Some hate it some love it. Of course the time to buy is when it is universally hated and we are not there yet.
Eventually iPhone margins suffer when the product is commoditized. Just like NOK and MOT, BBRY. Nothing special about Apple anymore. It is just an iPhone and iPad company and that is it. Soon this will be a sub 400 stock. Eventually, some one may buy them out. Cook has completely ruined the company by not pushing harder for new products. They can only milk the iPhone cash cow so long.