RIMM came out with lackluster earnings today as expected.  This is going to be a rough year for the company as we await their new phone which won’t be out until later this year.  I think the WSJ did a great job outlining a few of the likely suitors for RIMM.  I think Microsoft and...Read More

This quick little article puts into perspective just how massive Apple’s market cap really is.  Their balance sheet, profits, and cash flows are absolutely amazing, but at some point the law of large numbers comes into play.  Margins tend to be mean reverting.  It’s not impossible that Apple could get to a $1 Trillion market...Read More

While most people seem to be a lover of both Apple’s (AAPL) stock and products, the list of once dominant consumer electronics companies that have come down to earth, is long and distinguished.  One of the great things about the Steve Jobs regime is that they avoided costly misfires that can occur on any product,...Read More

In what seems like a pretty horrendous investment to me, HSBC is offering a structured note that pays 7% a year as long as AAPL doesn’t fall by more than 7.6%.  After the huge run-up in the stock a 7.6% drop in price would be nothing, and to give up the potential upside on this...Read More

Bill Ackman appeared on CNBC today where he discussed Borders, Amazon (AMZN), Apple (AAPL), and JC Penney (JCP) among other topics.  Ackman has become one of the most influential investors in the United States through activist investing built on solid value investment principles.  I thought his comments on the housing market were particularly relevant.  It...Read More

Today there is a very interesting article on http://www.bloomberg.com/news/2012-01-30/longest-s-p-500-valuation-slump-since-nixon-discounting-record-u-s-profit.html showing the immense pessimism priced into US equities, exhibited by the extremely low price/earnings ratios.  Markets go from periods of pessimism to periods of exuberance, but what is striking about the last several years is that at no point has the market rallied to a point...Read More