3 ms·
No position, and I don't like the stock, but my point is that the fundamentals do matter. MSFT remains a very large and profitable company, and it is at a stage
by aheilbut 15y ago
No position, and I don't like the stock, but my point is that the fundamentals do matter. MSFT remains a very large and profitable company, and it is at a stage where that influences valuation much more than sentiment does.
- dstein 15y agoExcept all of Microsoft's profitable business lines are in a dying industry, the personal computing industry. It's kind of an ironic role-reversal for IBM and Microsoft given their history and the way MS became the behemoth it is.
- raganwald 15y agoAnd my point is that the fundamentals matter insofar as they drive investor beliefs about other investors. I think what you are saying and what I am saying are compatible. As to whether their "fundamentals" will outweigh a decline in confidence brought about by this kind of negative press coverage... If I knew what would happen for sure, I could make a comfortable living as an investor.