Some Common Cents for September 2nd, 2016

September 2, 2016, by John Norris

This week, the European Commission (EU) ordered Apple, Inc., to pay the Irish government $14.6 billion in back taxes it claimed the company owed. Interestingly, the Irish weren’t asking for the money, quite the opposite. They were actively arguing otherwise. However, the powers that be, and in Europe there are a lot of them, determined a tax deal the country made with Apple amounted to an illegal state subsidy, and, therefore, was anti-competitive. Make no...

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Some Common Cents for March 25th 2016

March 25, 2016, by John Norris

Everything seemed to be going along so nicely in the markets. Cooler heads had finally prevailed, and the Federal Reserve seemed to be ‘on board’ with the reality of the situation. That is, it appeared the powers that be understood rampant inflation in the United States would be hard to come by with the rest of the world opting for or exploring negative interest rates in order to spur economic growth. In essence, even with...

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Feds not that serious about hacking iPhone in question

March 1, 2016, by John Norris

In a note to clients last week, I discussed the budding brouhaha between Apple and the federal government. In case you have been traveling in Nepal, the FBI wants Apple to unlock the iPhones of the San Bernardino terrorists to see what information it can glean. The company doesn’t want to do it, as it would require de-encrypting its encryption software, which it says would unleash a whole host of problems. At least those are...

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Some Common Cents for January 9th 2015

January 12, 2015, by John Norris

Yesterday, we met with a new client at a German restaurant in Huntsville. He had been an aerospace engineer during his career, and had developed a taste for German food while working on the Skylab and other projects during the 1960s and 1970s. I suppose this was thanks to the large number of Germans the US government shuttled off to northeast Alabama after World War II to work on the space program. The pickled herring...

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Some Common Cents for April 19th 2013

April 26, 2013, by John Norris

Disclosure: Oakworth Capital Bank owns Apple Inc. in client accounts. One of the more perplexing questions we get is: what is going on with Apple? Unless you have been in a cave, you know the stock has taken it on the chin, and then some, over the last 6 months or so. This as the company has produced decent results, and increased its hoard of cash. Looking at the balance sheet and income statements, you...

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