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$SRCL 1Q15 10-Q: At March 31, 2015 (vs. at Dec. 31, 2014): Cash and cash equivalents were $38.283MM vs. $22.236MM. Goodwill was $2,419.284MM vs. $2,418.832MM. In March 2015, Stericycle cash settled a treasury lock hedge for $8.8MM of which $5.3MM, net of $3.5MM tax, was recognized in accumulated other comprehensive income.
Apple ($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%."