Why we trimmed Apple for a second time this year. How the short-term exuberance in tech stocks and specifically Apple went too far too quickly. How that was reflected in Apple’s current P/E ratio. Glenn breaks down what price or… Read More
At the start of June Apple’s market capitalization was $1.4 trillion. In 3 months, Apple added another $744 billion in market cap. And the bulk of that increase came within the last month. By July 28, Apple’s stock was up around… Read More
Listen Books The Behavioral Investor AMM Dividend Letter Vol. 1 AMM Dividend Letter Vol. 2 AMM Dividend Letter Vol. 3 Transcript Welcome to the 10th episode of the AMM Dividend Growth Podcast. I’m Glenn Busch a portfolio manager at American… Read More
Why did we trim Apple, Visa, and MasterCard in the AMM Dividend Growth strategy? Glenn explains why our portfolio management rules lead to these trades, why trimming winning positions is one of the hardest things to do, and how our… Read More
Happy New Year! As we begin 2020 we are trimming some positions in the AMM Dividend Growth strategy that currently exceed our maximum position size threshold. So far we’ve trimmed Visa (V), MasterCard (MA), and Apple (AAPL). We’ll likely trim… Read More
One my favorite new podcasts is the BBC’s 50 Things That Made the Modern Economy. Each episode is about 10 minutes long but packed with information. The latest episode discusses the greatest selling product in the history of the world… Read More
Two major components for building long-term corporate value are Return on Invested Capital (ROIC) and growth. This is why Apple’s Q1 2016 earnings report was received so poorly. Apple (AAPL) generates very high returns across several metrics: Return on invested… Read More
A month ago Wall St hated $AAPL b/c of near term prospects, now they love it b/c of near term prospects: https://t.co/oZoAwJreuS — John Huber (@BaseHitInvestor) March 15, 2016 Apple isn’t the only company that Wall Street does this with… Read More
The two charts below are from Fortune and they highlight a valuation discrepancy in the tech world. First is the P/E Ratio of a few of the most recognized and popular names in the tech world. It gets even weirder… Read More
It would never happen but where would Apple rank in the top 25 businesses based on market capitalization if it spun-off its cash holdings as a stand alone business? The folks at Bespoke Investment Group took a look and came… Read More
Early last week we sold Pfizer across all accounts invested in our dividend growth strategy.* We initially invested in Pfizer because it was undervalued,