I went on a UCLA school tour last Thursday. It was striking for a couple of reasons. For starters UCLA has the largest applicant freshman class of any university in the nation. I did not now that. There are about 27,000 undergraduate students and they teach 54 different languages at the school. Our tour, composed mostly of incoming freshman candidates, walked through the two main libraries at the school. My high school sophomore son picked up on something unusual that we both observed. Out of the hundreds of students studying in the library, almost no one had anything other than an Apple Computer. Windows computers were scarce, maybe two or three lonely laptops out there. If UCLA students portend anything about the future, Apple has a lot of runway still left before it.
The other thing I mentioned in my last post about no insider buying at Edwards Life Sciences after its big earnings related decline; well, that’s no longer correct. Wesley Von Shack, a director bought 2000 shares at $64.95 on 4-26-13. Hardly a courageous buy, but it’s at least something.