Pick any measure of Apple’s (NASDAQ: AAPL) profitability you want and it will point you toward one conclusion: the business is a license to print money. Over its last six full financial years the business of selling iPhones, Macs, iPads, Apple Watches and assorted services (e.g. Apple’s cut of app sales, TV shows downloaded on iTunes, and so on) has generated…

Shares of beer giant Molson Coors (NYSE: TAP) are still in the doldrums. The last time I covered the stock was in October after it had dipped under the $60 share price mark. The shares rallied briefly after that but December’s market carnage means that you can still get them for around $60 each as I type. This is a…

It would be an understatement to say that stocks have had an eventful festive period. Having entered technical bear market territory during one of the worst Decembers for stocks on record (including their worst ever Christmas Eve performance), they came roaring back on the day after Christmas with the Dow putting on just over 1,000 points. The last time there…

The level of wealth creation generated by holding shares of the global payment processors is huge. For instance if you had invested $10,000 in Visa’s (NYSE: V) initial public offering it would currently be worth somewhere in the region of $100,000. Bear in mind it floated in around 2008, so we are looking at annual returns of well over 20%.…

Shares of McDonalds (NYSE: MCD) have had a heck of a run over the past three years, much of it down to the performance of the underlying business. I remember some folks writing the fast food giant off back in the 2015 period. Numbers from the company were rather poor – including an alarming 4.1% same store guest count decline…

The recent history of Walt Disney stock (NYSE: DIS) provides a good deal of valuable insight into long-term investing. Take the most recent twenty year period as a good illustration. Back in the late-1990s/early-2000s Disney shares were exceedingly expensive based on pretty much any valuation metric. Indeed, it was fairly common to see the stock trading well above 30x annual…

Earlier in the year I wrote a piece setting out the investment case for New York Community Bancorp (NYSE: NYCB). The short version: this a reliably conservative bank throwing off a decent dividend. At the time its shares traded for around $12.70 each. Factor in annual earnings per share of $0.80; a dividend of $0.68 per share; plus book value…

Depending on how you look at it AT&T (NYSE: T) stock is either incredibly cheap or not that cheap at all. Supporting the argument in favor of the former point of view are a couple of undeniable facts. Firstly, the stock’s price-to-earnings ratio is way below its historical average. Based on last year’s normalized profit per share figure ($3.05) and…