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On Oct. 14, 2015, $HST's Asia-Pac JV sold the Four Points by Sheraton Perth for $67MM & repaid $32MM of associated mortgage debt. The JV will record a gain on sale of approx. $17MM in 4Q15. $HST also sold the Novotel Auckland Ellerslie and the ibis Auckland Ellerslie for $38MM on Oct. 14, 2015, resulting in a gain on sale of approx. $13MM in 4Q15.
Apple ($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%."