Sunday, December 20, 2015

"The Wealth Was Almost As Fake As The People Who Believed In It"


Along with the rest of the S&P 500, Microsoft is laying itself off to prosperity. The stock peaked on Thursday 5% above the current level...






Fact check please. Microsoft hasn't been this expensive since Y2K when its growth rate was about 3x higher...
https://ycharts.com/companies/MSFT/pe_ratio



Stock buybacks are covering up declining net income, mostly due to ongoing write-offs of failed businesses:
Microsoft Financial Statements (Archive)








"We make money the old fashioned way: Operating system monopoly, mass layoffs for stock buybacks, and Fed money printing"

Microsoft with Fed balance sheet