Microsoft (MSFT) and line KOB godt. Virksomheden, der på rapporterer indtjening April 28 final will make just 40 billion dollars in værdipapirer i kontanter og på den markedet The computer PERSONLIG styresystemer, og later in the city of misunde Flester Virksomhed. Bestand havde to earnings taken in om CP CC April 11, 1926 of 500 aktieindekset 29 procent på mindre end of Standard & Poor's pe 15.5. Ikke så mærkeligt analytikere 34 af det 26 som det dækker spleen in indsamlet "KOB" af ifølge Bloomberg data.
Microsoft (MSFT) seems a bargain. The company, which announces earnings on April 28, more than $ 40 million in cash and cash equivalents, a lock on the market for personal computer operating systems and profit margins that most companies would envy. The stock had a price / earnings ratio of about-11 on 26 April and 29 percent less than the PE in the Standard & Poor 500-stock's 15.5. No wonder that 26 of the 34 analysts covering the note to "buy", according to data compiled by Bloomberg.
But the stock is fixed. It closed at 26 on April 26 a price that first crossed in 1998 and close to the average of 27 since early 2001. For 10 years until April 22, shares produced a total return of -7 percent while the S & P 500 returned 30 percent. For all its apparent brightness, Microsoft suffers from an identity crisis. It is not considered a growth company because it did not come up with successful new products to rapidly produce profit-taking, how Apple (AAPL) a. And with a yield of 2.4 per cent, is not donating money enough to satisfy investors value. Microsoft is in danger of being a value trap, a stock that always seems to be selling for less than it is worth.
"Microsoft has spent 10 times what Apple has in the past decade, and the quality of innovation simply not there," said Eric Jackson of Ironfire Capital, a hedge fund in the Naples, Fla. The company has launched several products could not be taken, including the music player Zune, which will cease production this year. Its mobile operating system for smart phones and tablets are not a tooth in markets dominated by Apple, Research in Motion (RIMM) and Google (GOOG) Android.
"Pot Täytyy Heras tulossa Jossa sanovat osakkeenomistajat," jotain T! "Sano Richard Doherty, Envisioneering ryhmän johtaja, joka yrityksiin teknologia neuvoo. Työntekijöitä yhteyttä paheksua have healthy, etta heiden osakkeensa that menestynyt Miten ja kehitys yhtiö that jäänyt teknologia iso, ja Kutenai verkostoituminen sosiaalinen streaming media." And NART Toimi optioista rikastua Microsoftin. "
Although the company has returned 170 billion U.S. dollars to investors in buybacks and dividends over the last decade, some investors want more. Jackson said that last summer pushed Microsoft Chief Financial Officer Peter Klein to increase the quarterly dividend population of at least five times what the company finally decided, up 3 cents to 16 cents per share on 21 September. "I said it was necessary to awaken to shareholders the value of one share of high performance, and Microsoft," says Jackson.
The stock Hausse est en de 4 pour cent depuis the annonce de dividendes, mutandis que les actions d'aucun de ses verse Apple here 66 billion dollars Trésor de Trésorerie, Augmentin ont de 24 pour cent. IBM (IBM), an SI habilement diversifiée the PC activité de ses actions que "sont à niveau de tous les UN temps. Le Dit de directeur général des Relations avec les investisseurs Microsoft, Le projet de loi Koefoed," Sur le long terme, action est une indication des résultats des profits, et nous nous feel themselves tres bien sur nos perspectives avenir ".
Value investor Whitney Tilson resources T2 is a fan of Microsoft's long-term. His 2010 letter to investors upward trend, Tilson wrote that the social evaluation was "insanely small." In February, told investors that connects Microsoft game. He took issue with what he called "a consensus that is disappearing giant Microsoft, saying" there is no current evidence to support it. Parts of Microsoft's market in its main business areas are stable or increasing, and sales, margins and profits and good growth. We believe that strong growth in Serbian for Microsoft. "
Ironfire Jackson is not buying that argument. "They should have their strength in cash," he said. "And I do not intend to remain a growth company."