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(CNBC)   Analyst downgrades Apple and Amazon. Fark: On "moral and ethical" grounds   (cnbc.com) divider line 32
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1374 clicks; posted to Business » on 06 Jan 2014 at 9:42 PM (32 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



32 Comments   (+0 »)
   
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2014-01-06 07:20:58 PM
SEIZE THE HERETIC!

Nothing to see here citizen, continue to worship the bottom line like good little consumers.
 
2014-01-06 07:37:37 PM
I wish there were more guys like this.

Sadly, money and morality rarely mix
 
2014-01-06 08:25:18 PM
Ha, good way to get free advertising.
 
2014-01-06 08:56:44 PM
And all of Wall Street had a hearty laugh.
 
2014-01-06 09:11:16 PM

Darth_Lukecash: I wish there were more guys like this.

Sadly, money and morality rarely mix


Idiots?

FTFA: "For Apple Computers to pay their workers $2 an hour while they have $150 billion in the bank is nothing short of obscene. I heard all of the arguments in their defense and they make no sense to me," wrote Moas in the note.

If that's the reason, he should sell Foxconn, not Apple.
 
2014-01-06 09:54:24 PM
Too funny. Apple and Amazon aren't the only companies who's morals and ethics are shaky. If those two things are his criteria, then his investment firm would not be covering a lot of companies. I wonder how he feels about HP's recent announcement of mass layoffs.
 
2014-01-06 09:54:35 PM
"I recently read something about Amazon and how much pressure is on their employees ..."

You downgrade the company because you "read something"? Seriously?
 
2014-01-06 09:55:44 PM
I only invest in evil companies.

Because, at the game of making money, evil always wins. Always.

/go AAPL!
 
2014-01-06 10:08:43 PM
I saw this air live earlier today; he made some valid points about those companies but if your job is to evaluate companies based on their profit potential blacklisting them for things like this probably won't end well.  I could understand if he was downgrading them because they had to pay out massive fines or were going to shell out a lot more money to their workers which would hurt earnings but this is sort of silly and ridiculous.  I'm not one of their clients so cheers to him and his firm but I'm not going to follow his recommendations based on this philosophy.
Personally I own stock in quite a few companies that may engage in practices or business other people find objectionable; in fact probably over half of them could land on his list or someone else's due to their industry or business practices.  I don't care; I'm trying to make money and not save the world.
 
2014-01-06 10:11:34 PM
"Ronnie has traveled to more than 50 countries on six continents since 2007, he designed the Standpoint Research web site, is the owner of an articulate African Grey Parrot and a very large music collection of 1,500 cds."

http://seekingalpha.com/author/ronnie-moas
 
2014-01-06 10:16:33 PM
Wonder if he's Catholic?
 
2014-01-06 10:21:18 PM
www.freewilliamsburg.com
That's cute.
 
2014-01-06 10:23:49 PM
So did this guy do the full Jerry Maguire speech as they were cleaning out his desk?
 
2014-01-06 10:35:30 PM

orangehat: I don't care; I'm trying to make money and not save the world.


Unfortunately, this.

There are No-Sin funds, but I'm not so keen on them. I love vice. Anything addictive makes money. Stupid hipsters are addicted to Apple products. That will wane some day. Until that occurs, keep ringing the cash register.

Though, I think their days of super growth quarters are over and the stock will languish in the 5-600s for a long time, probably split and see a nice cash dividend. They'll give Carl some of what he wants, no all of it.

Though, I don't discount them innovating something else to woo the masses. Pretty creative crew they have. Or, they'll buy someone and market that.

I take back the stupid hipsters thing. I love their products, but I'd never camp out for one. I get it through Amazon to ensure I kill enough Chinese labor per purchase. We have quotas people!
 
2014-01-06 10:41:59 PM
www.quickmeme.com
 
2014-01-06 10:46:50 PM
I've been plotting up a plan on making my new Kindle Fire HDX I got for Christmas my wife, should I not be doing that?
 
2014-01-07 12:18:12 AM

Mitch Taylor's Bro: If that's the reason, he should sell Foxconn, not Apple.


Seconded.
 
2014-01-07 05:48:58 AM
Lulz. Morals and ethics have no place in business.
 
2014-01-07 06:15:50 AM

simplicimus: Mitch Taylor's Bro: If that's the reason, he should sell Foxconn, not Apple.

Seconded.


Apple has a really strong chokehold on their supply chain, and they're always putting downward pressure on their suppliers to do things cheaper and faster. The suppliers follow suit because they really want Apple's business. Apple then turns around and sells its products at extreme margins, which is where that 150 bn in the bank comes from.

It's not unique to Apple; Nike has done the same thing with shoes for over 30 years. Other electronics manufacturers are also trying to do the same thing. And what inevitably happens is that things get really bad and sweatshop-like conditions emerge, the market leaders get the most scrutiny and are expected to be the leaders for change.
 
2014-01-07 07:01:18 AM
The dude really should affect a nonchalant delivery. That 'wound too tight' vibe doesn't convince anyone of anything.
 
2014-01-07 07:54:36 AM

Mitch Taylor's Bro: If that's the reason, he should sell Foxconn, not Apple


If Foxconn doubled their employee's pay and passed the cost on to Apple (and others) as doubled product prices, their customers would be looking for new suppliers overnight.  Many of their customers can't absorb that kind of price hike due to razor thin margins.  Apple could.  Easily.

Yes I know how investing works.  I'm making the ethical argument not the fiduciary one.
 
2014-01-07 08:55:00 AM
isn't it wall street and their main focus on quarterly profits the real culprits behind off shoring and low wages?

/i confused
 
2014-01-07 09:53:30 AM
...and yet, I bet he still has WalMart, Hobby Lobby, and Chik-fil-A rated highly. The hypocrite.
 
2014-01-07 10:09:24 AM

orangehat: I don't care; I'm trying to make money and not save the world.


That is easier, isn't it? Rather pathetic and disappointing.
 
2014-01-07 10:35:00 AM
pumabydesign001.files.wordpress.com
 
2014-01-07 10:35:03 AM
Crazy Pants Johnson is right!

I'm going to take my 10 shares and walk. That'll show them bastards that I mean business!
 
2014-01-07 10:40:40 AM

AngryDragon: Mitch Taylor's Bro: If that's the reason, he should sell Foxconn, not Apple

If Foxconn doubled their employee's pay and passed the cost on to Apple (and others) as doubled product prices, their customers would be looking for new suppliers overnight.  Many of their customers can't absorb that kind of price hike due to razor thin margins.  Apple could.  Easily.

Yes I know how investing works.  I'm making the ethical argument not the fiduciary one.


Let me know when you start making a logical one.
 
2014-01-07 02:05:41 PM

Wendy's Chili: [pumabydesign001.files.wordpress.com image 440x278]


Creepiest animated GIF ever
 
2014-01-07 03:12:44 PM
Meh. Sort of agree with the guy in one way. But I'm in the market to make money. It has no other purpose. This I own all the stocks he downgraded and have an oil etf to boot. My rationale: make money, then be nice and do good things with it. Which I strive to do.
 
2014-01-07 06:43:45 PM
I work at an Amazon Fulfillment center. Gotta keep those numbers up if you want to keep your job. Don't bother reporting your injury either for you will be making them fill out a lot of paperwork. Other then that, great place to get paid to loose weight.
 
2014-01-07 09:43:10 PM

NewportBarGuy: orangehat: I don't care; I'm trying to make money and not save the world.

Unfortunately, this.

There are No-Sin funds, but I'm not so keen on them. I love vice. Anything addictive makes money. Stupid hipsters are addicted to Apple products. That will wane some day. Until that occurs, keep ringing the cash register.

Though, I think their days of super growth quarters are over and the stock will languish in the 5-600s for a long time, probably split and see a nice cash dividend. They'll give Carl some of what he wants, no all of it.

Though, I don't discount them innovating something else to woo the masses. Pretty creative crew they have. Or, they'll buy someone and market that.

I take back the stupid hipsters thing. I love their products, but I'd never camp out for one. I get it through Amazon to ensure I kill enough Chinese labor per purchase. We have quotas people!


You're in luck.  http://en.wikipedia.org/wiki/Vice_Fund

/five stars from Morningstar
 
2014-01-08 08:40:15 AM
That's not business analysis; that's moral activism. This doesn't invalidate it per se -moral activism has its use- but it's misleading for him to continue to call himself a business analyst when that is not in fact what he's doing.

Which, it should perhaps be pointed out, is not the most moral of things to do.
 
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