Isn't it morally unconscionable to force patients into an inferior drug regime that may make them sick in order to marginally increase profits?
I hope somebody will ask this question at the Express Scripts annual meeting.
Sold my ESRX position for a nice profit as I do believe there might some legal implications for ESRX in regards with their exclusive deal with ABBV. You can't blame anybody for locking in profits (bought in the low 50)! I don't believe ESRX will go below my price point, but these legal issues could just continue and drag on. I'll put my money to work somewhere else!
Sentiment: Strong Sell
With the ramp up there will be some pain for the shorts.
I believe once the product sells and proves that it's different from the previous inhaler flop the stock may shoot up into the mid teens
CEO Cook sold 348,425 Apple shares for $35,250,297. He now directly holds 950,767 shares, a stake of less than 1% in the maker of iPhones and Macintoshes. His most recent previous transaction was on March 26, 2012, when he sold 746,500 shares for $64,100,000, an average of $85.83 each, also through a 10b5-1 planned sale.
Chief Financial Officer Luca Maestri sold his entire direct holdings of 16,374 shares for $1,631,286.
Jeffrey E. Williams, senior vice president of operations, sold 348,846 shares for $35,233,446.
Bruce D. Sewell, general counsel and senior vice president of legal and government affairs, sold 348,846 shares for $35,393,915.
Philip W. Schiller, senior vice president of worldwide marketing, sold 348,846 shares for $35,256,000.
in any event there will be a lot of cannibalism in their future sales and aapl has nowhere to go but down. They have been on top of their game. Looking at other companies like Blackberry, Nokia, MSFT, etc, they all declined once they have been on top of their game and it took them years to recover, if. Apple is also building a double top from a technical perspective. The down side could be significant.
There is only one reason one would sell, being that one thinks the price will go down...
Previously I posted several messages about Apple to consolidate to the mid to lower ninety range. The posts were based on several articles (barrons, WSJ, etc).
I’ve owned Apple several years ago and rode it up to the 660 range (pre-split). I’ve decided then to roll the proceeds into Gilead, which did very well while Apple continued to 700 pre-split (100 post-split), but eventually declined to the upper 400 range. With Apple finally trying to catch up and releasing new products it’s time to assess the situation.
Apple had quite a run over the last 5 month going from 75 to 100, an increase of 25 %. This is quite considerable for a company this size. Overall Apple shares are up 82%, to a recent $101.66, since hitting a low of $55.01 in April 2013, trumping the market's 28% return in that time.
However sales have diminished and there have been diminished expectations from investors until about 6 month ago. Sales are expected to rise 5.5% this year, down from growth of 9% in 2013 and 45% in 2012, before rebounding to 10.5% next year. Gross profit margin has fallen from 43.9% in 2012 to 37.6% last year and 38.6% projected for this year.
Apple trades at 14.4 times next year's projected earnings per share of $7.08.
For the fiscal year ending this month, current consensus of $180.3 billion in revenue is actually lower than the $181.8 billion estimate back in April. But the consensus for next year's revenue, $199.3 billion, has actually risen from what it was in April, $193 billion. Clearly, people have higher expectations now than they did a while ago.
With that I believe the business is sound for the foreseeable future. I still believe that the stock got ahead of itself as a valuation over 100 or 110 would reflect too much expectations. I still believe that the stock will consolidate into the lower 90 range. If that happens I’ll re-assess and might be a buyer around 92.
by by apple, if not for the cool factor what else is left
Well, I've been making money the last year while you were sitting on losses or stagnant apple price. I've been up over 40 % last year, and that's pretty good on a seven figure portfolio. This year I'm up over 20 % so far. How are you doing with your 3 apple shares?
You will make some money. The stock will go down into the low 90's. I would cover around 94, maybe taking first profits around 97.