October 2012
SiAlpha portfolio outperformed by 0.52% in the month of October 2012 by generating a total return of -1.49% vs. a return of -1.99% for S&P 500 during the same period.
Apple Earnings Not so Sweet
Apple Inc. (AAPL:NASDAQ) reported its most recent quarterly earnings yesterday disappointing analysts with a shortfall in profits although revenue expectations beat by $200 million. How is this possible you may think… Higher sales, lower profits? Answer lies in the shrinking gross margins. The cost to manufacturing Apple devices has risen and is expected to go
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Investors “Like” Facebook (for now)
Way to go Zuckerberg. Facebook (FB:NASDAQ) shares are jumping over 20% this morning as the company beat earnings expectations fuelled surprisingly by growth in mobile ad revenue. Furthermore Zuckerberg highlighted that 70% of mobile users visit Facebook each day, compared with only 40% of PC users and saying that mobile monetization will surpass PC monetization in
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Battle for Big Box Retailing
The recent haggling by the founder and former Chairman, Dick Schulze of Best Buy electronics to buy (and privatize) the company he founded 46 years ago is not only questioning the validity of Best Buy but of big box retailing as we know it. Schulze who had to abruptly resign as Chairman early this year after taking a
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No Progress for Petronas, Spells Carnage in Calgary
Canadian Federal Government late Friday announced that it has denied Calgary-based Progress Energy Resource’s (PRQ) $5-6 billion take over by Malyasian state-owned oil compnay Petronas. The decision was unexpected as market perception was that this is a relatively small deal and Malaysia is no China and should be considered a friend rather then a threat.
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