Sunday, February 19, 2012

Regarding Monday's Greek 'decision.' The yield on one-year paper in Greece now yields nearly 630%. The rise in yield today was the largest on record. Greece is obviously already bankrupt.

On Bloomberg: "Workplace auditor finds 'tons of issues' at Apple manufacturer."

I would not be surprised if the shares of ASPS more than doubled in the next 12 to 18 months. Free cash flow will be almost $6.30 a share. Why can't the shares trade at 15x free cash flow? ASPS may be the stock of the decade. BTW, it's doubled in 2 years.

Core CPI is currently rising at the quickest pace in almost three and a half years.

The core and headline January CPI rose by 0.2%, which was in line with expectations.