Microsoft's Mediocre Stock Performance Has Caught Up To Its Business Performance
by Saibus Research
In our July report on Microsoft Corporation (MSFT), we were amazed at Microsoft's mediocre stock performance since the dot-com implosion. Despite the fact that MSFT avoided the worst of the dot-com implosion and despite the fact Mr. Softy's EPS have grew nearly fourfold since the end of its 1999 fiscal year (representing a CAGR of 11%), Microsoft's stock has registered a negative total return of 17% since the end of its 1999 fiscal year and 37.5% since its December 1999 split-adjusted all-time high of $60. That price at the time represented a PE of over 70 times earnings. The company's stock is so cheap on a PE basis, it is trading at less than 10X adjusted FY 2013 earnings and now pays a $.23 quarterly dividend (3.21% yield). We were disappointed that the recent $.03 increase was less than the $.04 increase issued last year. Unfortunately for Microsoft, its mediocre stock performance has caught up to its business performance. read more »
Why are you receiving this? You subscribed to real-time article alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following MSFT: unsubscribe from all MSFT email alerts
This type of alert isn't helpful to me: unsubscribe from article alerts on MSFT
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001
No comments:
Post a Comment