Want to join the conversation?
Off-site records management provider $IRM said that on a standalone basis, the continuous strong and durable cash of the base business coupled with the transformation program will allow the company to increase the dividend per share by 15% between 2015 and 2018, whilst reducing leverage by 0.4 of a turn. $IRM's 2015 year-end payout ratio was 78%.
Apple ($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%."