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$CAG had CapEx of $117MM in 1Q17 versus $102MM a year ago. The company paid down approx. $554MM of long-term debt and dividends for 1Q17 were $110MM versus $107MM in the prior year quarter. $CAG repurchased approx. 1.8MM shares for approx. $86MM and had about $46MM remaining on its existing share repurchase authorization as of 1Q17-end.
Apple ($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%."