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In tonight's -- -- is apple about the blitz back here a lot about high Apple's movie gets signed but of this is any indication.
That I could be wrong at ten point four million new Smartphone users added in the last three months in 85% went to apple.
To our -- -- market watchers Al Lewis and Larry cavity on if apple is ready to -- back where you think it is.
Yet they -- they have about fifty billion dollar senior cash that they generate in the can do three things with it they can invest in the business they make about 70% on that.
But there aren't that many opportunities what -- that.
That's their return -- operating assets while that's that's that they can keep coming -- blockbuster products that's correct but they don't have that many opportunities so they can buy their stock.
And make 2223%.
Or they can sit on it make nothing.
And right now they're sitting on it and I I think -- it's getting a little old and I think that.
Board has had its attention.
Attracted by people in financial community that what cash distribution and my guess is we'll get it probably no later than the S second quarter announcement.
But you know I'll I guess it's interesting that Larry -- certainly become a lot of people Wall Street see the idea that a company would need to squat.
On a 140 billion dollars that the real red -- Well maybe assist one of the things that happen when UT successful of a company.
I what I did apple really hasn't gone anywhere there's no shined on this is a stock that ran up the 700 dollars a share amounts down in the four hundreds.
And everyone's freaking out maybe it should never run up to 700 dollars.
In the first place frankly any new phone that comes out is only enemy incrementally better than the last on you -- the new Blackberry.
It's a cool phone -- let's not sell on all that well.
You know when you compare an Apple iPhone to another phone it's -- like comparing.
You know motorcycle -- a Harley-Davidson.
They're all motorcycles they all worked pretty much the same.
But there's some about a -- that people like and I think that apple has that same kind of a culture and they don't necessarily have to company black border.
Blockbuster products all time winning just come out win another -- Opt out but you know I don't know though our whole mind driving this like that elephant graveyard of tacos -- product that used to be hit.
Company that used to be -- and that sort of put individual.
And that's what they weren't hip and cool anymore -- -- as -- I don't know what you like but it's still cool it for this moment in history it's still -- I don't know guys that Samsung goes a little bit cooler but listen may -- -- -- -- -- what was change topics here because.
-- also refer to the manatee at the elephants of deceit.
Others would call them she counts and target on the other hand says that the plus side stresses.
In a colossal screw up the retail giant's website posted I get a dresses with.
-- an off color descriptions they labeled a smaller -- this dark Heather gray day.
In the plus side death met at speedway how well if you think target got a.
I'm not saying they got it right.
-- You know I know that manatees are sea -- but I've never heard one called a sea cow.
You know frankly I don't know how this -- -- and I could see us having some fun with it on TV I thought they come out and come -- really like at.
-- met Lindsey Graham to be offended by that they didn't -- it you know.
And I want it I think Larry here well.
Like the most -- an amazing example of the negatives well this this should I -- up and a negative towards that this is incredible stupidity but -- -- Really really strong data mining capability I'm -- five minutes after this was out they understood how much damage they did to their brand and they moved.
Radically to -- -- and that's absolutely the right thing to do from a business standpoint but that was a wrong thing to do from the very beginning oh ya -- this was a mistake this gets in the -- real stupidity -- I think that that this isn't that big of a mistake this is like a tight I mean this is just something yeah.
Guys like all the way.
Second south west that's not a six.
I have to this kind of stuff that.
I have struggled with my weight my whole life okay have been as -- as a 190 pounds right now I'm looking down down -- 163.
But I can -- -- right back to that's up at any minute I understand this obesity crisis and the struggle of people having you know what.
We shouldn't have been around -- about it that much because it's bankrupting our country 70% have a medical costs they say.
Are out of what are -- completely avoidable and it has to do with in our culture of beating them eating too much all of us in about two thirds of its at least.
There's no doubt about it but they -- it might see is -- -- began to -- -- makes it won't be -- great.
A guy's got a couple minutes I just -- -- ask about the job before I know we didn't talk about this at a time but.
Hard -- tell -- about this economic rebound now.
I have always been going along with the idea that there's not really an economic rebound you when you file a lot of money when you print a lot of money you can make yourself look a lot better.
I I think that kind of volatility we're seeing in the economy.
Just kind of proves that point.
Larry I'm feeling real good about it the two industries that drive cyclical recovery or two and real well.
We had depth -- pretty much record for the last five years car sales in March those are real numbers not numbers that are revise the government collects.
The housing business is really really strong UC marketing after market turning up prices -- -- I think fifth.
Didn't resenting Tampa couldn't I mean I guess I can nitpick that there auto -- -- can anyone be -- to -- sub prime loans it through the roof.
And when it comes housing particularly an existing home sales you have fewer first time buyers now -- a year ago so you've got Wall Street -- houses he -- -- -- -- But have they really gotten any traction.
Yeah -- I absolutely think so they that the reason is housing inventories are low there are very very few houses available for sale.
The ones that are available in many markets there -- multiple bidding contest there was one.
Significant one that's developed now in Cambridge mass which is hardly a hot -- of economic activity although there's a lot of building up there.
You can't really get a -- the recession with auto and housing moving in up in very very strong directions.
And I think once you get better whether you're gonna see the non.
Adorable part of retail improve so -- right I'm pretty optimistic are.
Guys this and all I can say is that that's maybe 8000 at this stage in a recovery is pretty scary stuff.
You've got to -- truly fantastic you know what Al thanks for bringing us back on track -- that topic you're absolutely right.
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