Apple Computer is trading off over 1% pre-market due to Dell Computer’s ugly preannouncement. While the health of the PC market is clearly in question, I would note this from Dell’s press release: “These estimates primarily reflect aggressive pricing in a slowing commercial market worldwide” For the time being AAPL’s fundamentals are driven by market […]
My friend Jeff Bagley did his usual great job covering the Apple Computer (AAPL) earnings release and conference call. I fully endorse his bullish view but since I’ve written extensively on AAPL, I wanted to offer a few observations of my own. As I have been saying for some time, I think the key to […]
Thanks to my friend and fellow StreetInsight.com contributor, Jeff Bagley, for again allowing me to reproduce his excellent summary of Apple’s June quarter earnings report and conference call. All is well for Apple as I have been repeatedly saying despite all the gloom and the declining stock price. The shares have lots of upside left […]
Dow Jones (DJ) reported better than expected 2Q06 earnings. EPS rose 15% to 39 cents, ahead of the consensus estimate of 35 cents. Revenues actually came in a little light of expectations, growing just 6%, but margins expanded and operating income rose over 16%. This quarter showed evidence of the operating leverage that investors expect […]
Beat and raise. That is what investors have demanded from MOT to reward the stock. Last night’s earnings report did the trick. EPS of 34 cents were better than 31 cents expected. Revenues of $10.9 billion were $600 million ahead of estimates. Handset shipments of 51.9 million easily beat the 48 million target and the […]
My pals at Ned Davis Research (NDR) provided a reminder about how the markets respond well to crisis events. I’m not sure the latest phase of the decline that began in mid-May was necessarily triggered by the Mideast crisis but I think the blow-up in Lebanon does qualify as a crisis event. NDR has identified […]
New York Times (NYT) reported adjusted EPS of 46 cents in line with guidance. Most key financial measures closely matched analyst estimates including revenues, costs, and margins. As with Gannett (GCI) and Tribune (TRB), advertising and circulation trends were weak and there is no sign of an upturn. NYT and its peers continue to effectively […]
2Q06 earnings and commentary from Gannett (GCI) can best be described as more of the same. Neither the numbers nor the Q&A provided significant new insights. GCI remains stuck in a no-growth environment with no prospects for a pickup. The only bull case is that the stock is getting cheap on a historical basis and […]
I wrote the following before my Barron’s showed up on Saturday with a bullish cover story on Apple Computer (AAPL). Barron’s has previously written negatively on AAPL so it shouldn’t come as a surprise that AAPL shares have firmed up this week. The story is consistent with what I have been writing about AAPL. I’ll […]
Pirates of the Caribbean: Dead Man’s Chest (POTC) continues to rule the box office. Nevertheless, Disney (DIS) shares have sold off since the movie was released. I wouldn’t chalk that up to any disappointment over the film, however. In the early part of last week, before catching a downgrade on Thursday, DIS shares actually outperformed […]
