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$AEP 2Q15 10-Q: Operating cash flows were $2,203MM vs. $2,197MM in 2Q14. In July 2015, OPCo retired $23MM of Securitization Bonds; SWEPCo retired $150MM of 4.9% Senior Unsecured Notes due in 2015 & TCC retired $94MM of Securitization Bonds. In July 2015, AEP increased its forecast for construction expenditures by $200MM to approx. $4.6Bil for 2015.
Apple ($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%."