What's he gonna do?
Sell his shares or shut up; that's what.
His purchase barely makes the needle move (except of course for the lemmings who follow him.)
I hope he makes a big splashy sell so Apple can continue the repurchase at a lower cost to shareholders.
I'd love to see it go sub $400 again!
Apple is NOT going to put capital into GLW.
Look at the ROIC as opposed to buying back their own shares.
They'd sooner buy Icahn a condo in Maui...
OK; I Grok the PBM model!
Navigating the variety of drug treatments available for any individual indication & ensuring that the least expensive / safest & most effective medications are making it to patients is a mind numbing exercise that you would think the health care insurance industry would be best able to provide (apparently not...)
There's a lot of potential for abuse with whoever handles this problem in a "for profit" business.
Merck had too much conflict of interest & couldn't make it work.
CVS has yet to prove whether they can manage it or if they're just a bunch of shopkeepers.
Walgreen's wishing they'd gotten into the business before ESRX achieved such enormous scale.
The industry appears mature & the only organic growth squirts I see are from new entrants into the health insurance markets via the Affordable Healthcare Act (short term growth / poor people don't have any $) & increased mail order deliveries (high quality growth & a margin expansion kicker.)
Personally; I expect they'll make a major push to add meds to the mail order biz & after they digest Medco they'll expand capacity by building distribution facilities in Memphis or Nashville (FedEx & UPS logistics hubs.)
Price increases should provide modest earnings growth in line with inflation.
Aging population should also add to the bottom line incrementally.
Acquisitions are another key to major revenue growth.
(There may be some arbitrage plays on undervalued acquisition candidates..?)
ESRX has low capital spending needs & high free cash flow!
This Paz guy seems to be a fair capital allocator & will probably continue to enhance value through smaller acquisitions & share repurchases.
As acquisition targets dry up (there's still a lot of fragmented firms in the biz) we could see a dividend at around 30% payout.
I'm making a small initial pos & going long puts & short calls to average into a larger pos.
(10 year horizon here; no quick in/out me droogies...
The AAPL forum is loaded with people who actually talk about Apple!
Here; it's a bunch of losers complaining about things they have no power to change.
Any shareholders wondering why the big L can't develope enough cloud apps himself & has to continue buying companies that can?
On a positive note: he expenses R & D instead of capitalizing (gotta love a guy who doesn't try to make earnings look better in the short term by capitalizing R & D.) ( But then; do we gotta hate him at the same time for a GINORMOUS compensation package?)
ORCL is kind of like a woman who's REALLY hot & awesome in bed but blows your paycheck occasionally & can be a real BEEOCH to you in front of your friends (sounds like a short term rental IF the price is right.)
OK; so you're blindfolded; put in a car & driven to what you're told is an amusement park.
A voice say's "step up & sit down for a wild ride & oh by the way; this will cost a few $$$ but you're going to survive & at the end we'll give you a bunch of $$$."
"But what is this ride?" you may ask "and who's running it?"
The voice says "don't worry; it's the safest & bestest ride in the whole wide world & you're going to make $ for riding it."
And you beg for someone to lift the blindfold so you can gaze upon the wonder of this ride & Grok it in fullness...
...because you prefer not to be a Lemming!
There is frequently a lot of entertainment value (if you enjoy teasing #$%$ children.)
Occasionally I've actually run into intelligent commentary...
I've seen your posts on other boards.
Go to ESRX & fill my request for info?
As to STO; lots of deepwater / harsh environment operational experience & building the same in shale.
I own a small 500 share pos but wouldn't buy more anywhere in the stream with spot oil at present levels.
I'll wait a few years & buy more producers & further down stream with sub $80 oil...
Don't forget about ESRX (can you provide food for thought?)
I've read 3 years of 10K's & proxy statements & a ton of articles & still can't get a solid handle on what these guys actually do.
They appear to be a pharmaceutical distributor cum pharmacy benefits manager.
They also look like a factor of sorts for pharmacies.
They obviously have a lot of stroke in the industry because they slapped down Walgreens by removing a ton of clients from them in the blink of an eye & then restoring those same clients after Walgreen bent a knee.
What I don't understand is how come a firm as big as Walgreens can't purchase & warehouse drugs on the same scale as ESRX?
Why do companies use ESRX to manage their prescription drug benefit plans?
Why haven't the insurance companies been able to manage their own plans?
Is it really that complicated?
Are there any pharmacists on this board who can offer insights?
Hey oedd; I heard Icahn owned a big chunk & wanted to spin off branded?
Lets see how many people we can get to believe this!
Do you know Frost's phone number?
I'm not knocking them (sometimes typed words don't convey a persons tenor.)
In fact; I'm all for anyone who helps lower health care costs.
I believe that a lot of Americans abuse prescription drugs.
Not for pleasure mind you but due to abusive marketing practices & a quick fix mentality which says "just take a pill & it'll be alright" instead of maybe altering your lifestyle & perceptions a bit.
That was a bit windy & what I'd really like is for someone to give me a bit more insit into how ESRX functions.
I've read last years 10K & proxy in addition to a ton of articles & the best I can come up with is "pharmaceutical distributor / pharmacy reimbursement organization with a big database of drug use info (who knows how they're correlating this data to real life.)
Ay insits into their biz model would be much appreciated...
I thought this was an Oracle forum...
Does anybody do anything here besides worship Rush Limbaugh's crotch?
I must admit however that the tea party Jesus siting was pretty funny.
Don't waste your time arguing with mniscw.
He doesn't understand capital allocation.
Another fool intent on daytrading his life away...
I find it hard to believe that with all the controversy surrounding Express Scripts / Medco & health care reform; this board is dead?
ESRX denies coverage on meds available through copay cards to lower health care costs?
Not that this would be a bad thing if they maintain a reliable database of the efficacy of treatments & can reduce costs by refusing to pay for meds which are simply being oversold by pharma reps?
I thought they simply shipped drugs to patients by mail order & processed orders/payments for pharmacies.
How do they have the power to deny reimbursements?
Is it simply that they will refuse to purchase & thus refuse to ship certain drugs?
Are they an insurer as well as a transport/logistics firm?
I know they will alert a physician to generic alternatives if a prescription cannot automatically be diverted to generic or if there's a possible dangerous contraindication.
I guess I don't completely understand the business model...
Should I stay or should I go? (The Clash with management continues...)
Shareholders & employees have to make their own decisions...
I will hang tight!
On the surface; splits are simply a sleight of hand.
A 2 for 1 split turns 1 million shares & $1 per share in earnings into 2 million shares & $0.50 per share in earnings (you have exactly the same share of corporate earnings as before the split.)
So why do CFO's want to do a split?
So they'll have access to more equity financing for the future.
Imagine a firm whose charter allows the aforementioned 1 million shares, has issued 700K & anticipates needing more capital than the remaining 300K shares will provide.
Do a 2 for 1 split & now your charter allows 2 million & you have 1.4 million out & you can sell another 600K shares for financing.
Why not do a 5 for 1 if you are doing a lot of capital spending & anticipate a fat ROIC?
That way you won't need to go back to the well again & incur those pesky investment bankers fees.
Of course; then if ROIC is sub par (aka, management spent the cash on assets which didn't produce) then the split will dilute your already poor returns.
Suffice it to say; since AFL has been buying back shares consistently & has ample cash flow to support operations & maintenance, I doubt we'll see a split (I'm too lazy right now to figure out how much AFL's charter allows & how much they have on the market.)