Want to join the conversation?
$SPG 2Q15 Q&A: Mueller of JPMorgan asked a question on Sears, rough idea of dollars that could be invested in the 10 or 11 boxes over time. David commented that SPG will do it on a project by project basis. It will be in a larger amount and depends on the scope of individual project. Potentially in hundreds of millions of dollars.
Apple ($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%."