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$PBI repurchased $132MM of its common shares in 2015 vs. $50MM of its common shares during 2014. At Dec. 31, 2015, the company had authorization to repurchase up to $65MM of its common shares. $PBI received authorization to repurchase an additional $150MM of outstanding stock in Feb. 2016 and expects to repurchase up to $215MM of stock during 2016.
Apple ($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%."