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Premium Member
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3,310 Posts
Discussion Starter · #1 ·
Is this bad news or is a good time to buy?

Friday Close - $ 13.20US
Change - Down $1.17 or Down 8.14%

New 5 Year Low......... :(

If the music works, this could be a great buy but this ski hill at the end looks scarry!

 

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Canadian By Choice
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117,692 Posts
Heart, if Apple has $5 billion in cash, I think the issue is what debt are they also taking on in the purchase of Universal Music? This $13 price is about what they are actually worth, which is rare for any company. Thus, if they purchase a company that supposedly earns what Universal makes on a yearly basis (currently, $6 billion), then it might not be too harmful to Apple's bottom line. I still fear the debt load that Apple might assume, since Universal may make $6 billion yearly, but what is (if any) their profit? Debt and earnings will sink any and all companies, and I would hate someone to be in the position of buying Apple by just assumming their debt. We shall see.
 

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Canadian By Choice
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Now the New York Post is reporting that Microsoft want to buy Universal Music.

If Apple were to be bought out for fair market value, what might the price be this month?
 
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