Want to join the conversation?
$MLM 1Q15 10-Q: Cement business generated $96.6MM of net sales and $19MM of gross margin. Plant utilization varies between 75-85% for plants in Texas and 70-75% in California. Incurred $5.4MM in planned cement kiln shutdown costs during 1Q15. MLM expects $2MM, $11MM and $10MM of shutdown costs in 2Q15, 3Q15 and 4Q15, respectively.
Apple ($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%."