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Saturday, October 19, 2002 |
Clueless investors
Wow. Apple is trading at only a ~18% premium to cash. Amazing. Basically, investors think it will never make a profit again. [John Robb's Radio Weblog]
I think the fact that Apple has produced earnings every quarter since January 2001 show that investors are clueless. They just do not understand a computer company that doesn't do Windows. That's okey, Apple is not going to go bankrupt (not with 4 billion dollars in cash), so the only real danger is a hostile takeover... But not too many companies could do it... Of course, gulp Micro$oft could do it...At least while Bush is in power...
8:56:58 PM Google It!
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Yesterday I went to see Les Luthiers with my wife. They were very good, extremely funny. Pity their internet presence is not existent. A sample line:- But previous government robbed until they got tired!
- Not this government! This government never tires!
10:18:32 AM
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© Copyleft 2005 Alfredo Octavio.
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