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At 3Q15-end, $MHK's fixed assets were $3.46Bil, and these included CapEx of a $124MM with depreciation and amortization of $95MM for the quarter. Further, the company estimates CapEx to be about $530MM for 2015. Finally, the company's total long-term debt was $3.2Bil with a leverage at 2.3 times debt times EBITDA.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."