Want to join the conversation?
Ron Mills of Johnson Rice asks about Benefit Street JV's election process. $REXX CEO Tom Stabley said the company expects the next batch of wells that Benefit Street will be getting sometime in the next 30 days will be the remaining 12 wells for the rest of 2016. For 2017, they will probably start to get some of those in late Oct., early Nov.
Apple ($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%."