Want to join the conversation?
Electric power production & distribution company $ETR to sell its 583 MW Rhode Island State Energy Center to Carlyle Power Partners at about $490MM. $ETR expects record net gain of $0.50/share as a special item assuming sale closes by 4Q15. $ETR's CEO said, "RISEC has been a very good investment for us & its sale is consistent with that strategy."
Apple ($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%."