Pepsico, Inc. Message Board
-
Most publicly held companies seem to be run for the pleasure and the compensation of senior management. Why should XOM be any different? Shareholders really have only two choices: hold or sell. The board is in on it.
-
Future cash flows will not support the higher price. That's what the market is telling you.
-
Timmy has the money and it is his. Bodies were turning up everywhere.
-
Art reflects reality.
-
Jimmy had the money and it was his. Bodies were turning up everywhere.
-
really isn't there. Too many foreign entanglements. Additionally, the mental claims of management make it a unreliable amount. The bookkeeping may be correct. But uses are unknown to us.
-
Looks like U be a spammer
- Reply to
Numbers coming in to Cupertino -- AAPL will have to pre-announce drastic miss
by carerfulinvestor •Apr 11, 2013 12:07 PMBeck Diefenbach, Reuters
Apple announces first-quarter 2013 earnings results on April 23. Earnings are expected to come in at $10.11 per share, down from the $13.53 EPS the company posted in the fourth quarter and slightly below the $10.14 per share the company made in the first quarter of 2012.
The stock has lost nearly 40 percent of its value since topping out at $705.07 in September, and many investors continue to struggle with where it goes next.
According to Morgan Stanley analyst Katy Huberty, those hoping for an Apple earnings rebound in the second quarter of 2013 are likely to be disappointed, and shares may even head lower after Apple announces its first quarter earnings later this month, as she expects weaker forward guidance from management than the market currently expects.
If that sparks a further sell-off in Apple, though, then Huberty is a buyer.
In a note to clients this morning, she writes:
March quarter gross margin and June quarter EPS guide the most important metrics in C1Q, potentially helping build confidence around Apple’s ability to hold gross margin while introducing lower priced products. iPhone and iPad units are less relevant this quarter, in our view, given likely inventory adjustments and delays ahead of product launches in September.
What to do with the stock and upcoming catalysts: We see potential near-term share price weakness on a lower than expected June quarter EPS guide. But, we are buyers ahead of June into the following catalysts: 1) Preview of iOS 7 at WWDC in June which could highlight a new “killer app” such as mobile wallet, 2) A lighter 9.8-inch iPad and new iPad Mini in September quarter, 3) New iPhone 5S and lower-priced iPhone launch in September. -
Exactly. Netting cash off price to come up with some magic p/e etc. is not productive. The cash is their to use and not in the ways supported by this board. The big boys have it. And they are keeping it.
-
April 15 filing deadline. Then we will see what happens to the market in general. It's about new cash coming into the market.
-
Oh. A huge buyer. How much does he weigh? And what's your source?
-
April is the cruellest month, breeding
Lilacs out of the dead land, mixing
Memory and desire, stirring
Dull roots with spring rain.
Winter kept us warm, covering
Earth in forgetful snow, feeding
A little life with dried tubers............. -
Here’s the guts behind their decision (note dated April 1, but hey Goldman doesn’t have a reputation for kidding about stuff like this really):
“The most recent product cycle has not driven the market share and new user growth we had anticipated, and we believe Apple may find it difficult to hit consensus expectations in the March and June quarters…”
With that, they cut their EPS estimates to $44.64 for 2013 from $47.29 and their 12-month price target to $575 from $660.
Goldman said Apple could remedy those product-cycle issues with fresher products in the second half of the year, but said they need to hit it out of the ballpark with these if they want to “reignite” shares.
Here, they hit on three possibilites and worries:
Introduction of a low-cost iPhone in the third quarter: Lots of unknowns so difficult to give Apple “the benefit of the doubt” on any success or future impact.”
A larger-screen version of the iPhone: still little evidence Apple is planning such a product in the near term and a delay until 2014 may result in pressure in the high-end segment of the smartphone market in the second half of this year.
Refresh of traditional iPad product: the problem here is that iPad mini has been more successful and the smaller product will compress Goldman’s medium-term margin expectations.
Capital allocation plan: Despite Goldman’s own optimism about a big rise in dividend and/or share repurchase authorization, the stock’s outperformance over the next 12 months will still hinge on timing and success of its next products. -
April is the cruellest month, breeding
Lilacs out of the dead land, mixing
Memory and desire, stirring
Dull roots with spring rain.
Winter kept us warm, covering
Earth in forgetful snow, feeding
A little life with dried tubers................ -
April is the cruelest month.
-
TO Answer your question specifically, No the Board is not competent. But, this board is not much different than most of the rest of them. Put in place by management, rubber stamp, not rock the boat, give me my tax deferred account, etc. Unfortunately, to be an investor in today's market it is any risk that is not well measured: board competency. Most of the time, you just have to sell to avoid the incompetency.
- Reply to
Money is the root of all evil and so is this board
by neutered_bloodhound •Mar 27, 2013 2:20 AMCorrection: The love of money is the root of all evil..... who/what do you love?
-
Don't look at the p/e. It is misleading, in this case. Probably has some lawsuit stuff in it that is non-recurring. Look at the operating margin. And, it will be improving with the EU deal.
-
What is the impact??? Obviously positive to operating margins, so I have read. Going from the 40% to 60%. That sends us higher in today's market. Stay long on the improving operating margins.
-
The real question about APPLE cash handling: Where is the money parked overseas and how liquid is it really? If the money is in those banks with bad loans and that need liquidity, then there is great exposure to the type of problem seen in certain EU banks. Remember all of those calculations about the real P/E of APPLE if you take the cash out?! What if you cannot really get at the money. Maybe APPLE would like to take all/some of those Billions out, but the politicians have sent management the signal of: Don't you dare! This puts APPLE in the position of extreme dependence on the central EU bankers to meet all of those obligations should there be a big transfer back to the US to meet a large increase in either dividends or share buy back. Not only would there be a repatriation tax paid to the US, but the liquidity consequences to EU would be tremendous. Remember, APPLE is bigger than many of those economies. They now have each other by the balls and its a slow squeeze. If the dividend/cash buy back is increased, then the release will be slow......like in slow squeeze.