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What We’re Reading This Morning — October 9, 2014

Thursday, October 9th, 2014 9509225579_333168e5d5_z

How can you be the worst investor possible?

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What We’re Reading This Morning — October 6, 2014

Monday, October 6th, 2014 9509225579_333168e5d5_z

Just how much are companies spending on share buybacks this year?

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What We’re Reading This Morning — October 1, 2014

Wednesday, October 1st, 2014 9509225579_333168e5d5_z

What’s going on with the activists in Yahoo?

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What We’re Reading This Morning — September 25, 2014

Thursday, September 25th, 2014 512px-Ackerman_farmer

What is the half-life of an investment thesis?

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What We’re Reading This Morning — September 22, 2014

Monday, September 22nd, 2014 512px-Ackerman_farmer

Why did Calpers drop its hedge funds?

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What We’re Reading This Morning — September 19, 2014

Friday, September 19th, 2014 512px-Ackerman_farmer

Why is no one skeptical about Alibaba’s accounting?

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What We’re Reading This Morning — September 10, 2014

Wednesday, September 10th, 2014 512px-Ackerman_farmer

What is Microsoft trying to buy for $2 billion?

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What We’re Reading This Morning — September 9, 2014

Tuesday, September 9th, 2014 512px-Ackerman_farmer

Will this stock market ever go down?

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What We’re Reading This Morning — September 8, 2014

Monday, September 8th, 2014 512px-Ackerman_farmer

Why has Apple’s iPhone thus far been a flop in China?

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What We’re Reading This Morning — September 3, 2014

Wednesday, September 3rd, 2014 512px-Ackerman_farmer

Have profit margins finally leveled off?

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What We’re Reading This Morning — August 26, 2014

Tuesday, August 26th, 2014 512px-Ackerman_farmer

How much do recessions and expansions really matter for equity investors?

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What We’re Reading This Morning — August 13, 2014

Wednesday, August 13th, 2014 512px-Ackerman_farmer

What trend should scare Apple shareholders? And other morning reads.

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Do Microsoft Bulls Have A Convincing Case?

Tuesday, August 5th, 2014 14450220780_28247b8642_m

MSFT currently earns our Neutral rating, but if new CEO Satya Nadella can halt the company’s declining return on invested capital (ROIC), the stock’s valuation is cheap enough to make it intriguing.

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What We’re Reading This Morning — August 5, 2014

Tuesday, August 5th, 2014 512px-Ackerman_farmer

What is Warren Buffet doing with all of his cash? And other picks from around the web.

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Amazon’s New Smartphone Spells Trouble for Apple (AAPL)

Friday, June 6th, 2014 AMZN_kindle

A high quality smartphone from Amazon that undercuts higher-priced competitors could mean more serious trouble for Apple’s iPhone and the company’s declining profit margins.

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Netflix (NFLX): Even More Dangerous

Wednesday, April 2nd, 2014 6126059318_fa4f25535d_b

In November of last year, Netflix (NFLX: ~$355/share) landed in the Danger Zone after rising 363% year-to-date on promising quarterly… Read more >>

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Apple’s Declining Advantage is Undeniable

Wednesday, January 22nd, 2014 10051113933_27211bffeb

Apple cannot have pricing power and market share at the same time. No one can for an extended period of time. The problem with AAPL is that it is priced for the company to achieve market share penetration and growth at high prices. The reality is that the quality of Apple products versus competitors is declining. Prices will have to come down just to maintain market share.

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CNBC Interview: Confirming AAPL Thesis – Apple Is Still Rotten

Tuesday, September 24th, 2013 CNBC Interview: Confirming AAPL Thesis – Apple Is Still Rotten

Here’s my latest CNBC interview on my Apple (AAPL) thesis, originally articulated in Danger Zone 5/13/2013: Apple Inc. (AAPL).

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Apple Stays Rotten

Thursday, September 19th, 2013 AAPL_ROIC

The “value” in Apple is an illusion. Astute investors need to look at Apple through the lens of what is a reasonable ROIC in the future.

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Danger Zone 9/16/13: E*Trade Babies

Monday, September 16th, 2013 DZ_Fig1

Online trading firms aim to exploit the gullibility of many retail investors by encouraging the myth that they can outperform professional money managers armed with vastly greater resources, experience and expertise. The E*Trade babies are the most glaring symbol of this myth. The symbol also reinforces the notion that investing is an easy task that takes no special effort or aptitude to succeed.

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