Showing 40 posts tagged stocks
Warren Buffett, talking on CNBC about what Apple should do with its cash.
Interesting that the advice he gave to Steve Jobs about the cash a few years back was to buy back some Apple stock. Jobs obviously didn’t do that. Now Apple has an insane amount of cash.
Or, in Buffett terms: “They may have too much cash.”
John Cassidy for The New Yorker:
During the past year alone, as Cook pointed out today, its revenues have risen by forty-eight billion dollars—more than those of Google, Microsoft, Dell, Hewlett-Packard, and Nokia combined.
You might think that would be enough to satisfy the velociraptors on Wall Street, but you would be wrong.
The entire piece is worth the read.
Filed under: Would Have Been A Good Idea. (See: Date)
The old adage: Buy low, sell high, and release such news on Friday afternoon after the market closes.
Jeff Bezos to Wall Street in 2005 after the stock had fallen more than 40 percent for the year.
As David Streitfeld notes for NYT:
That was bad advice. The stock is up almost 700 percent since then, hitting a record this month.
Brilliant, as always.
[via Warren Colbert]
That would be today. Joe Springer makes the compelling case why on Seeking Alpha.
My main takeaway from this article by Sam Forgione and Nicola Leske for Reuters is that Wall Street analysts have no fucking clue what they’re talking about when it comes to tech stocks (no shocker there).
They’re seriously buying and selling based on bullshit. Or worse, stale bullshit.