Monday, October 20, 2014
Heck, I gave you the bottom in the pre-market in IBM this morning; now you get free manna this afternoon with AAPL!
Posted by Palmoni at 3:55 PM
Last year, IBM spent $14 billion on buybacks, including $6 billion in Q4 alone. In 2013 IBM increased their debt by $6 billion, and cup capex by $500 million.
This morning, IBM announced punk earnings, and they sold their $500 million losing per year microelectronics business, PAYING them $1.5 billion to take it off their hands.
So the market is punishing IBM's creative financing, non-growth, by knocking the stock down $15 dollars to 167.
IBM has just another $1.5 billion left on their stock buyback--IBM now has 990 million shares outstanding--less than 20 years ago, they had $2.5 BILLION shares. That means at the next Board meeting, IBM will announce another $10 billion plus buyback blah blah blah
So the creeping LBO of IBM continues..That being said, you can buy the stock here at 165.50.
Because the market needs to take a stand on all the creative financing by corporate America, because Lord knows its easier to buy back stock than actually grow sales! Because that's Wall Street's version of "smart.' Financial engineering!
Posted by Palmoni at 7:33 AM
Sunday, October 19, 2014
"How about that!!!!"
Who knew that the 'Noles were the Kardiac Kids? And check out Jimbo and Jameis after the game. As Jameis says--"We always rise!"
What a great game! And once ESPN's "Blame it on Jameis" campaign is really getting lame--Once again FSU played their hearts out--and there are some folks who can't stand a team of destiny--Especially going on two years straight! WOW!!!!
Posted by Palmoni at 10:01 AM
Saturday, October 18, 2014
The Irish will get chopped up tonight, as they are over-rated and since the opening game of this season (above) the Noles haven't played a complete game! Tonight that changes!
Posted by Palmoni at 7:42 PM