Tag Archives: stock

Apple the most valuable company ever – worth $619 billion

Apple Becomes Most Valuable Publicly-Traded Stock Ever

Microsoft’s market capitalization peaked on December 30, 1999, reaching an intraday high of $119.94 per share. With Microsoft having documented 5,160,024,593 outstanding shares the company would have had a market capitalization of $618.89 billion on December 30.

Apple’s most recent quarterly filing listed 937,406,000 outstanding shares as of July 13, 2012, and with the company’s stock price hitting $660.73 today, its market capitalization reached $619.37 billion.

 

Here come the caveats. If you adjust those 1999 dollars for today’s value Microsoft would be valued at $840+ billion.

Plus, there are several government-owned petroleum companies supposedly worth a whole lot more. The Saudi Arabian oil company, Saudi Aramco, is thought to be worth several trillion dollars and the Chinese company, PetroChina, IPO’ed at over a trillion dollars. But, since they’re not public and/or accountable governments those numbers are suspect.

 

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Facebook’s first public earnings release, Q2 – July 26

Facebook will give investors and the world their first official look at its post-IPO earning for Q2 2012 at 2pm PST on July 26th, according to a brief note posted to its investor relations page just now. The company’s share price closed at $31.095 today, down $0.265 or 0.85%, but still closer to the $38 IPO price than its been for most of the time since its May 18th public debut.

The company pulled in $1.058 billion in Q1 2012 revenue with a net income of $205 million. Critics will want to see both of those increase and will likely focus on its mobile revenue. Facebook only began showing ads on mobile at the end of February, but monetizing the medium is believed to be the linchpin of Facebook’s future success.

ViaFacebook’s First Public Earnings, Q2 2012, Scheduled For July 26th

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California’s budget troubles – say hello to billions in tax revenue from Facebook’s IPO

California is hoping for another Google-effect like the one that happened in 2005, after the company’s IPO. From 2004 to 2005 the revenue from capital gains taxes in California shot up $14 billion.

Mark Zuckerberg, whose initial public stock offering in two weeks could value the company at $96 billion, will cut in the state for an estimated $189 million in cash, according to calculations from PrivCo, which researches private companies.

The federal government will be in the money too, collecting an estimated $714 million in federal income tax from Zuckerberg.

And that’s just the payout from Zuckerberg. The windfall for California from the rest of the IPO could net California hundreds of millions more.

…the IPO could pump nearly $2.5 billion into state coffers over the next five years.

via LA Times

 

// Photo - Håkan Dahlström

I really loved Gowalla – the site finally shuts down

Three months after the acquisition of Gowalla by Facebook, the company has officially closed it doors. The screenshot below can be found on the location startup turned travel guide‘s homepage.

Gowalla launched in 2009 and raised approximately $10 million. Facebook’s acquisition price hasn’t been disclosed but is rumored to be primarily Facebook stock.

via TNW

 

Early investor Jason Calacanis talks about the end of Gowalla.

 

 

The Intelligent Investor – by Benjamin Graham – "the best book on investing ever written"

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

The Intelligent Investor

 

“By far the best book on investing ever written.” – Warren Buffett

The Intelligent Investor – by Benjamin Graham – “the best book on investing ever written”

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

The Intelligent Investor

 

“By far the best book on investing ever written.” – Warren Buffett

Unknown to most modern-day investors and traders – Reminiscences of a Stock Operator is one of the most important investment books ever written

Like you I dream of investing in the stock market to make money. Not big money but simple 10% returns, year over year.

The trouble is that the market is so complex and confusing. It seems to take an infinite amount of time, research, and knowledge to make it work. To which, I respond, there has to be a book to explain it all to me.

A novel that encapsulates all I need to know into pithy, poignant statements. Offering a way to avoid all the simple mistakes and skip right to the business a making money.

I have found the first book of that kind for any investor, Reminiscences of a Stock Operator by Edwin Lefèvre.

Reviews:

The most important investment book for today’s investors isn’t on the hottest new trend–it’s a book written over 70 years ago. Originally published in 1923, Reminiscences of a Stock Operator continues to inspire each new generation of investors.

Unknown to most modern-day investors and traders. Reminiscences of a Stock Operator is one of the most important investment books ever written.

Although Reminiscences…was first published some seventy years ago, its take on crowd psychology and market timing is a s timely as last summer’s frenzy on the foreign exchange markets.

After twenty years and many re-reads, Reminiscences is still one of my all-time favorites.

Stock investing is a relatively recent phenomenon and the inventory of true classics is somewhat slim. When asked, people in the know will always list books by Graham, Malkiel, and Fisher. You’ll know you’re getting really good advice if they also mention Reminiscences of a Stock Operator by Edwin Lefèvre.

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Own a piece of the Packers – stock on sale now!

The team has put 250,000 shares up for sale at $250 apiece, plus a $25 handling charge per order. Murphy said the team hopes to generate at least $22 million to help defray the cost of a $143 million renovation project at Lambeau Field. Plans call for adding 6,700 additional seats, new high-definition video screens and a new entrance by 2013.

The sale marks the fifth time in the Packers’ 92-year history that the publicly-owned team has offered stock, though it’s really not an investment in the traditional sense. The value doesn’t increase, there are no dividends and it has virtually no resale value. But it does qualify the buyer as a team owner and conveys voting rights. It also qualifies the holder to attend the annual stockholder meeting at Lambeau each summer before training camp begins. They also get access to a special line of shareholder apparel.

via Yahoo! Sports

The sale will continue until February 29, 2012, and can be purchased at packersowner.com.

I’m not even a fan of the Packers but I think this is so cool that I want to buy one..

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New iPhone app: Bloomberg Radio+

There is an awesome new iPhone app out called Bloomberg Radio+.

If you’re a finance geek like me, then you’ll love these features:

- Bloomberg Radio live 24-hours a day
- Bloomberg shows and interviews available on demand
- Offline listening. Save/download shows and interviews
- Latest market data on companies
- Charts as they are referenced during a show or interview
- Bios of guests
- Customizable scrolling ticker

Plus, it has some surprisingly cool graphics and design.

Tim Cook: 5 things about Apple’s new CEO

From the Onion:

New Apple CEO Tim Cook: ‘I’m Thinking Printers’

Following the resignation of Apple founder Steve Jobs, incoming CEO Tim Cook called a meeting…to announce that he envisioned printers as the company’s future. “Laser, ink-jet, double-sided, color, black-and-white—the future of technology is in printers. I am absolutely convinced of that…

Cook concluded his remarks by assuring investors the release of upcoming Apple products such as the iPhone 5 would be postponed for at least four years so the company could throw all its time and resources into the creation of high-quality printers for the home and office.

lol

It certainly touches on the fears that every Apple fanboy (myself included) harbors. So I ask, who is this guy, what is he like, and how is he likely to run the company?

Here are 5 quick insights to answer those questions:

1. He’s single (aka gay). An insightful article from Felix Salmon talks about the spicy world of gay executives. How coming out can hurt the brand image while not doing so can get you into trouble. He still hasn’t come out yet and is officially listed as a lifelong bachelor, but there is a printing of him in Out magazine as the most powerful gay man in the world.

2. Jobsian Temperament. If there is anything you know Tim Cook for it is his famous rant on how Netbooks suck, back in 2009:

“When I look at netbooks, I see cramped keyboards, terrible software, junky hardware, very small screens. It’s just not a good consumer experience and not something we would put the Mac brand on.”

To which Apple promptly released the 11-inch MacBook Air and then the iPad (definitely not Netbooks but directly competing with them).

It’s interesting to note that this comment occurred the last time Cook took over for Jobs as CEO.

A Forbes piece from 2008 discusses his personality, stating that his “default facial expression is a frown…his humor is of the dry variety…(and he) is cool, calm, and never, ever raises his voice”. Which would give you the idea that he is the opposite of Jobs until you read this:

“Cook can be brutal in meetings. “I’ve seen him shred people…He asks you the questions he knows you can’t answer, and he keeps going and going. It isn’t funny, and it’s not fun.”

If these remarks are true then it’s easy to see why Jobs named him sucessor. Another “smartest person in the room” who is not afraid to cut through the crap for success.

3. The operations to my design. Cook is generally considered an operations genius. He famously cornered the market on flash memory from 2005 to 2010. He revolutionized Apple’s supply chain, modernized the retail stores, and took over Mac and iPhone telecom operations.

Yeah, when it comes to running the business he is it. Filling in for Jobs greatest weakness, operations. The problem is that Cook’s own weakness’ are design and new products. One has to hope that he is aware of this and actively recruiting a snotty design genius to fill in his gaps.

4. Outside of work. He is the only Apple executive to sit on a board and he sits on Nike’s board of directors. Which means he wears Nike shoes to Jobs New Balance. He does sport jeans like Jobs but thankfully no turtleneck, just a spiffy dress shirt.

After a ridiculous misdiagnosis for Multiple Sclerosis he is a fitness nut, to include cycling and riding in fundraisers for MS. To replenish himself he eats energy bars, a lot of them. Nearly every article talks about how he downs them like candy.

5. Southern charm. Tim Cook grew up in Alabama and went to school in Alabama, at Auburn university. His office is said to be decorated with memorabilia from Tigers football (Auburn).

So you can see him live, here is a video of him giving the 2010 Commencement speech at Auburn.

Other. He is rich, really rich. Last year his salary was more than $50 million (including benefits and stock options). But, that doesn’t matter because he has acquired several hundred million dollars worth of Apple stock in his 13 years at Apple. In his new post as CEO, the Board voted to give him one million shares, but they have to vest. Half of them are his in 2016 and the other half in a decade.