141–150 of 159 posts
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You should also subtract cash from mkt cap, as both are huge for 2000s MSFT an current aapl
Why would you subtract the cash to evaluate a company? Cash can easily be turned into something with actual value, so IMO it should be included.
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About the last question, all of the reasons you mention are valid (also management compensation is sometimes linked to share price). Dividends and buybacks are essentially interchangeable as far as the shareholders are concerned. Simplifying a bit (ignoring taxes, transaction costs, discount on cash on the balance sheet, etc.), if you own 10% of a company valued at $100mn (i.e. you have $10mn in shares) and the compa…
> Dividend and buybacks are essentially interchangeable as far as the shareholders are concerned. But they are taxed differently, which is a huge deal for long term investors. Long term gains are taxed at lower rates and compound pre-tax, while dividends incur annual taxes at ordinary income tax rates.
But, I thought pg said Microsoft was dead.
pg's position was "No one is even afraid of Microsoft anymore. They still make a lot of money—so does IBM, for that matter. But they're not dangerous." Which I think remains largely true?
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Windows 10 is 90% great for me. The 10% that annoys me is mostly around the way update works. If you have long running processes (like security camera DVR software, big render jobs, etc...) having the OS decide to reboot in the middle of the night is a bit of a headache. I know you can disable the update service, but it would be nice if they just put that in the windows update UI. The other part that bugs me are the…
> I know you can disable the update service No, you can't in Windows 10.
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Interesting. I have the opposite opinion. My measure of quality is how quickly i can do common tasks, and i found that Win10 gets in the way so much, that i am now installing win7 in my new laptops. Imho win7 hit a gold standard for usability in many years
Off-topic: Is it now possible to keep a Windows 7 machine on W7 and fully prevent it from being upgraded to 10 (without an absurd amount of effort being required)? My daily usage is probably 90% Linux/10% Mac but recently I've been considering setting up a W7 VM on my laptop. I do NOT want W10 at all, however, and don't want to even bother if it's just going to end up with W10 anyways (I've heard plenty of "forced up…
I don't even remember if i followed said procedure, but my win7 installs no longer beg to be upgraded. Maybe MS pulled back its aggressive policy (also, i m in europe).
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Consider that Microsoft started paying dividends after 2000, a yield of about 2.5%. A rough calculation of that compounding for 16 years is 150%.
2.5% compounded over 16 years is exactly 48.5%, nowhere near 150.
Friendly reminder: Less than a year ago Steve Balmer himself called Microsoft's cloud numbers "bullshit" http://www.computerworld.com/article/3011662/cloud-computing...
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2.5% compounded over 16 years is exactly 48.5%, nowhere near 150.
But you're compounding the 2.5% only with itself. If you had reinvested the dividend back into the stock (common), the return is higher than 48.5%.
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I'm assuming this was said because people tend to be afraid of growth (eg Uber eating taxis). But there's something to be said for being scared of companies that have already grown and are stable too. Or at least wary.
Microsoft in the old days used to drive a lot of competitors out of business.