Forth quarter was quite strong. Expecting positive growth year, but not as strong as last year. A lot of growth expectations where build into the market. Unemployment is starting to improve. Sovereign debt issues are distracting the market.
Has not made the buy decision yet. The average selling price on mobile phones is going down and impacting QCOM. They have good competitors. Lowering their guidance every quarter. It’s still not a cheap stock. A lot of cash on its balance sheet. Hang on if you have it.
Are considering spinning off some assets in China. If they do then they can concentrate on what they have here. Shareholders may get some benefit to the spin-off. Prefers other gas companies.
Likes the smart phone market. Very competitive. Average selling prices of devices are coming down. Volumes in consumer market should offset lowering selling prices. They hare working on a new browser and operating system.
Good news with the C series and the train contract. Contracts don’t come in until a couple of years out. They need orders for the plane. A lot of cash flow is going to be put into the development. Everything is moving in the right direction. You need a longer term view.
Best run railroad in North America. Rail traffic and volumes are a great barometer of economic and industrial activity. Bought a railroad near Chicago that allows them to bypass the city core. Opportunity to decrease transit times. Long-term they will get growth due to economic growth. Dividend increased recently and they started share buy-backs.
Good long-term possibilities. Half revenues are US, rest are international. Well-managed and good track record of acquisitions. Sees very good earnings rebound this year.