Yes. The dropped their reserve through merger and acquisition. In Apple' case acquisition of 16 companies for their technology. Also, they diversified their manufacturing so they are not solely dependent on Foxconn. They also fully automated several of their Chinese factories. Also some stock buyback.
Last edited by Rasulis; 2020-03-18 at 08:28 PM.
It's a pretty grim article.
The U.S. economy could shrink 4% this quarter and 14% next quarter, and for the year is likely to shrink 1.5%, a JP Morgan economist said on Wednesday, in one of the most dire forecasts yet issued for the potential hit from the coronavirus epidemic.
U.S. chief economist Michael Feroli also forecast unemployment to rise to 6.25% by the middle of the year before easing to about 5.25% by year end as economic growth restarts. The forecast assumes the Fed will continue to find "creative" ways to support the economy and that the Trump administration and Congress deliver fiscal support of $1 trillion.
Most of that was funded through debt issuance not cash reserves from what I can see in their 10k's since debt issuance would not cause extra tax liability. Taking the reserves would since they would have to repatriate most of it from overseas as opposed to stock buybacks and dividends would not be as big
Buh Byeeeeeeeeeeee !!
I did not check their 10K, but their long term debt did go down from 97 billion in 2017 to 91 billion in 2019.
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There is nothing magical. Per Zan's response, all of them are considered long-term investment stocks. They are stable with growing revenue and profit, low overhead, low corporate debt and large cash reserves. You don't get rich overnight investing in these stocks. But if you have 20 - 30 years, they are good low risk stocks. They are considered good buys at times like this.
Forgot to add, these companies' products are used pretty much by everybody throughout the world. If you are in desktop publishing you are using Adobe products, Words and Excels are pretty much used by everybody at the corporate level, and although their market share has declined a lot, Oracle still has the overall largest market share in the RDBMS universe.
Last edited by Rasulis; 2020-03-18 at 09:25 PM.
If the economy contracts 15% in Q2 there's absolutely no way its going to end up -1.5% over the full year. Zero zilch nil chance.
That lost GDP is gone until there is some resolution to the coronvirus crisis, so that people and the economy can start functioning normally again. Then its going to take about another 6 months after that to get everything working again.
Their debt pile has grown since 2015
$ 91,807 - 2019
$ 93,735
$ 97,207
$ 75,427
$ 53,329 - 2015
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it just got reaaaaaaaaal mother fuckaaaaaaaaaa
https://www.marketwatch.com/story/ne...?mod=home-page
New York Stock Exchange to close trading floor after employee, trader test positive for coronavirus
The Intercontinental Exchange, Inc. ICE, -8.73% said late Wednesday that the New York Stock Exchange will temporarily close floor trading and move to fully electronic trading on Monday after a trader and a NYSE employee tested positive for COVID-19. "Trading and regulatory oversight of all NYSE-listed securities will continue without interruption," the exchange operator said. The NYSE equities trading floor in New York, the NYSE options trading floor in New York, and the NYSE Arca Options trading floor in San Francisco are to close, the company said. The move is a "precautionary step to protect the health and well-being of employees and the floor community in response to COVID-19," it said. "NYSE's trading floors provide unique value to issuers and investors, but our markets are fully capable of operating in an all-electronic fashion to serve all participants, and we will proceed in that manner until we can re-open our trading floors to our members," said NYSE President Stacey Cunningham said in a statement. Later on, the NYSE confirmed that a trader and an employee had tested positive for the virus. Both were screened at a security checkpoint and not permitted to enter the building this week.
Buh Byeeeeeeeeeeee !!