Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Microsoft Corporation (MSFT): Scott Kessler Says Dollar Impact A Bit Of An Excuse

In its latest quarterly report, Microsoft Corporation (NASDAQ:MSFT) stressed to analysts and investors that it took a hit from foreign exchange headwinds because of the stronger dollar. Is this a legitimate reason or is the technology giant making an excuse?

According to Scott Kessler of S&P Capital IQ in an interview with David Asman on Fox Business Network, it is a bit of both for Microsoft Corporation (NASDAQ:MSFT).

“You know, I think it’s a little bit of both. When you think about a lot of this large cap tech companies, they generate at least half of their revenues – and generally, in some cases, even more profit – from overseas. That’s largely because overseas revenues are packed at a lower rate and this has come up time and time again over the last couple of years. When you consider the fact that the dollar has appreciated so substantially against the Euro and other currencies, it is an understandable aspect to what companies are telling us. But, in addition, to us, it also seems to some extent like an excuse,” Kessler tells Asman.

What Microsoft Corporation (NASDAQ:MSFT) has going for it at the moment, however, is that the company has a lot of cash, as Asman notes. Kessler agrees.

“That is absolutely something – especially when we think about Microsoft – that is particularly important. It is not only important to us in assessing the position of the company as well as the valuation and prospects of the stock but also thinking about its perception on Wall Street and to what extent they are being thought of as shareholder-oriented and shareholder-focused,” Kessler explains.

According to the analyst, after the day of Microsoft Corporation (NASDAQ:MSFT)’s results, the company was paying an indicated dividend of 2.9%. What this means, the analyst notes, is that investors are paid to wait for better times going forward even if the performance of the company was just okay in the latest quarter.

Microsoft, is MSFT a good stock to buy, NASDAQ:MSFT, David Asman, Scott Kessler, foreign exchange, headwinds, shareholder-oriented, shareholder-focused, dividend, cash on hand,

Joel Greenblatt’s Gotham Asset Management increased its stake in Microsoft Corporation (NASDAQ:MSFT) by a whopping 5,202% increase quarter over quarter to 836,500 by the end of the last quarter of last year.

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said ‘I lost money by EXACTLY following your stock picks’. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!