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Posts by anantksundaram

Yeah, sure. Facebook's PE is even better: 86x. Why can't Apple do that......ᵢ
Some of it may have to do with the credit card company requiring you to input a one-time activation code (Chase did it with my Visa cards). Some of the people complaining may not have done that. Also, we're talking about the first couple of days of implementation here. As to 'branded' cards, I've tried three so far, and they all were input seamlessly: Delta AMEX, Hilton AMEX, and British Airways Chase. (I plan to try Marriott Chase and SWA Chase later today). I do not...
Just for fun, I tried it out at a local store yesterday -- one that is not signed on to ApplePay -- since they had a terminal with the NFC icon. Guess what? I held the phone over the icon with my thumb on TouchID, it buzzed, and my Amex card showed up on the screen. Hit 'done' (or something similar, don't recall), and the transaction went through. Took all of three seconds...   Of course, since it's not an ApplePay-enabled terminal, I still had to sign to complete the...
If you could not understand the fact that P = EPS*(P/E), which in turn is what I was referring to, I really don't know what to say.... except 'Oh boy.'
No, it has not 'gone into nothing'. It's being put to productive use by lots of investors to potentially create lots of value.
Good luck with the expectation that such a scenario will come to pass. And, that if it does, the price will be as you say. Sounds like the expectation of a free lunch to me....
You and I are interpreting those two sentences very differently. The first sentence says that the number of shares they buy back can be essentially anything. Even zero. The second sentence says that the average purchase price may exceed the price at a given point in time -- for example, if they'd bought the shares on average for $95, and the stock happens to be trading at $90, they're doing a CYA. The only issue is whether they think at least $95 (and perhaps more) is a...
The 'emperor' with no clothes is still 10x better than some folks -- hmmm... who am I thinking of... -- with a head-to-toe parka.
On the topic of Apple commercials, what's up with the embarrassingly crappy -- including one that's outright sexist -- ads from ATT and Verizon for the iPhone. Even if not produced by Apple, doesn't the company they have some sort of oversight over how its products are pitched?
Of course the EPS will rise in an arithmetic sense. The mistake you're making is in assuming that the P/E remains the same as before. That is a function of the market's assessment of Apple's growth prospects and its future levels of riskiness, and of the price at which Apple repurchases the shares. Unless the repurchase clearly signals to the market that Apple is significantly undervalued, in the sense that something fundamental has changed about the market's perception of...
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