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At June 30, 2015, $VTR's cash & cash equivalents were $60.53MM, which declined significantly from $120.23MM at 1Q15-end. $VTR made other investments in 2015 of approx. $512MM, including acquisition of 10 triple-net leased properties in the UK, 12 skilled nursing facilities and one seniors housing community subject to triple-net leases, and one MOB.
Apple ($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%."