Thread:
I don't post on this thread much, what I have to say has usually be said by the time I get a chance. However, this time I'm going to add my 2½ even though I may be repeating what others have said.
Q management has been and continues to be interested in the long term interests of the company, and thereby its shareholders. They have no interest in, nor should they have, in what happens to options holders, day traders, or margin users. If that's the way you choose to invest, fine, more power to you, and best of luck. Just don't complain to or about management because they don't care one iota about you, nor should they.
The Q needs money to run their increasing large business. They make money selling things, in addition to the royalty stream. To increase earning you have to keep selling more. You can't do that with maxed out factories. There are innumerable opportunities out there, many of which have been mentioned multiple times on this thread, for the Q to invest if they have the money.
There is no better time to sell stock than when funds are forced to buy. If you think (I don't) that selling 6 million new shares dropped the stock today when funds HAVE TO BUY, just imagine what it would have done if they had waited and sold in a month. Remember, Qualcomm needs the money to expand. If they're not growing the multiple comes down and so does your stock price.
I believe Q has done exactly what they needed to do, and in a way that maximizes long term value. That's why I bought 3 years ago, why I've held and why I have no intention of selling anytime in the near future. |
