Toni Sacconaghi - Sanford Bernstein

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Last quote by Toni Sacconaghi

It appears inexpensive on price-to-earnings, but I think, as you all noted, it does have net debt, and its cash flow is structurally weaker than its earnings. We think the cash flow has benefited from a number of one-time items like a lower tax rate and some sales of intellectual property, so the real, sort of, multiple is closer 16 or 17 times cash flow, which is simply too expensive for a company whose top line is structurally declining.feedback
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Apr 19 2017
Toni Sacconaghi has been quoted 6 times in 4 different articles. On this page, you will find all of Toni Sacconaghi’s quotes organized by date and topic. Alongside each quote is a link back to the article where the quote was reported, so you can go back to the source for more context if you need it. Topics that Toni Sacconaghi speaks about are Apple, Peter Thiel, and issue, for example. Most recently, Toni Sacconaghi was quoted in the article Top analyst explains how to profitably trade Apple, why Buffett owns it saying, “Our analysis suggests that the stock is highly anticipatory of new product announcements. We found that the stock appreciates [and] outperforms the market by an average of 1,600 basis points in the six months prior to an iPhone product launch. He loves great consumer franchises, which obviously Apple has. He loves recurring revenue. He likes disciplined capital deployment. Apple fits the bill on all of those things.”.
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Quotes by Toni Sacconaghi

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