Monetary musings goes listicle, buzzfeed style. My good friend Sidd Singh has a post on his blog on why he is long AAPL, which got me thinking, what does the 10Q say? I’m bearish by nature so there is a downward bias :), bear with me! Here are the 6 things that are interesting questions for investors from their latest 10K. By no means is this list comprehensive, just some observations based on a quick read.
Down the rabbit hole we go.
1] Is Apple a hedge fund?
$15B of MBS on balance sheet? Whoa, why would a tech company need to hold that much MBS? Liquid/Illiquid?, Benny stops buying MBS what happens?
2] Marketable securities, mark-to-unicorn?
3] Do 9 month comparisons matter? (Read the fine print)
6] Margins are going down
Disclosure: No positions in AAPL at this time. No intention in opening positions for the foreseeable future 🙂