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$WY 2Q15 Call: Cash flow from operations for 2Q15 was $366MM or an increase of $289MM compared to 1Q15. CapEx totaled $108MM bringing our YTD expenditures to $197MM. We continue to expect total expenditures for full year to approx. $500MM. We do not have any debt maturities until 2017 & have no barrowings outstanding under our $1Bil line of credit.
Apple ($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%."