Standpoint Cuts Apple (AAPL), Philip Morris (PM), Amazon (AMZN), Yahoo! (YHOO) to Strong Sell for Moral Reasons
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Rating Summary:
39 Buy, 25 Hold, 7 Sell
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Today's Overall Ratings:
Up: 19 | Down: 16 | New: 47
Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 47
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Standpoint Research analyst Ronnie Moas is at it again today. The analyst, who made waves in January when he downgraded Apple (NASDAQ: AAPL), Philip Morris (NYSE: PM) and Amazon (NASDAQ: AMZN) to 'Sell' for 'moral reasons', is now downgrading all three to 'Strong Sell' and is initiating coverage on Yahoo! (Nasdaq: YHOO) with a 'Strong Sell' rating.
Moas is calling for Amazon and Apple reparations and encouraging investors and consumers to cut back on their support of these two companies.
He is calling for redistribution of wealth via higher taxes, crackdown on tax evasion, capping executive compensation, and elimination of the US tobacco industry.
On Yahoo, it was blacklist as he is infuriated by the $109,000,000 (estimated) compensation package paid to the COO (de Castro) who was fired after just 15 months. "That is more than 2500X what an American soldier in Afghanistan earns annually," he said.
"Social media is going to help change the world for the better and this is going to punish companies who remain unethical -- the stock market is not pricing this in and there are companies that are still sleeping," Moas said. "I believe others (and myself) will ultimately be influential and see positive changes. Some companies and individuals will not change until they realize it is more costly not to change. We are going to see that day soon -- and it can’t come too soon."
While the past downgrades were done for moral reasons, they have played out fairly well for investors that would have followed his advice. Shares of Apple are down 2.91% since the January downgrade, Philip Morris is down 7.7% in that time. Also, Amazon.com is down 4.6% since his October 2013 Sell call.
Moas' full report can be found here: www.philanthropyandphilosophy.com
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $525.25 yesterday.
Moas is calling for Amazon and Apple reparations and encouraging investors and consumers to cut back on their support of these two companies.
He is calling for redistribution of wealth via higher taxes, crackdown on tax evasion, capping executive compensation, and elimination of the US tobacco industry.
On Yahoo, it was blacklist as he is infuriated by the $109,000,000 (estimated) compensation package paid to the COO (de Castro) who was fired after just 15 months. "That is more than 2500X what an American soldier in Afghanistan earns annually," he said.
"Social media is going to help change the world for the better and this is going to punish companies who remain unethical -- the stock market is not pricing this in and there are companies that are still sleeping," Moas said. "I believe others (and myself) will ultimately be influential and see positive changes. Some companies and individuals will not change until they realize it is more costly not to change. We are going to see that day soon -- and it can’t come too soon."
While the past downgrades were done for moral reasons, they have played out fairly well for investors that would have followed his advice. Shares of Apple are down 2.91% since the January downgrade, Philip Morris is down 7.7% in that time. Also, Amazon.com is down 4.6% since his October 2013 Sell call.
Moas' full report can be found here: www.philanthropyandphilosophy.com
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $525.25 yesterday.
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