New Trade: Long Apple ($AAPL) & Short IAC Interactive ($IAC) + MORE Feb 10th

Q: My grandfather passed away and he was my mortgage co-signer. My loan is current. I have made all payments. My grandfather has assets, estate. A good amount. Will my home be included in any of that or be paid from any of that? If they went after his assets and the home was paid, would it still be my home?
— Blake, Mission, B.C.

Robert McLister is an independent mortgage planner at intelliMortgage and founder of RateSpy.com:
First off, depending on the lender, you may or may not be able to simply continue making payments as usual. Lenders typically require you to notify them if a co-applicant dies. Some lenders will allow you to keep paying the mortgage yourself. Others will re-qualify you to see if you can afford the payments on your own. If you can’t, the mortgage will have to be paid out or you’ll need to get another co-signor.
Read more: How to get a mortgage (when you’re not the ideal borrower) »
Further to your question, if a home is owned in “joint tenancy,” the deceased party’s interest simply passes to the other owner…

Q: I’ve kept a secret bank account from my husband for several years. It has $30,000 in it, mostly from income I earned from a part-time job. Do I need to disclose this when we are declaring our finances for divorce settlement purposes?
—Rita, Barrie, Ont.
A: Having $30,000 in a bank account is good news and means you will have some money handy to deal with the divorce issues at hand. But regardless of whether you and your spouse are writing up a kitchen table agreement or working with professionals, this money must be disclosed.
The rule for separation in Canada is that all assets and liabilities that have been acquired during the time of the marriage are considered to be jointly owned by you and your husband, regardless of who actually earned the money. In simple terms, this means you own 50% of all assets acquired in the marriage, while your husband owns 50%. (There are a few exceptions to this rule, but that is a topic for another day.)
Hiding assets on a sworn financial statement (which is what is required to file a separation agreement) is akin to perjury…

Today I am opening my 6th trade of the year between between 2 names that I have traded quite a bit over the years. As is always the case, you can see past 2016 (and previous years) trades here:

http://www.intelligentspeculator.net/livetrades

Let’s start off by looking at the numbers:

TickerNamePricePE RatioPE Next YearReturn YTDSales GrowthAnalyst ratingBook ValueBetaEarningsRevenue/ShareSales 5Y Avg GrowthEPS 5Y Avg Growth

AAPLApple Inc132.4215.813.114.5-7.734.5424.811.214/25/201739.4211.5612.27

IACIAC/InterActiveCorp76.8228.0317.4217.78-2.824.323.841.085/2/201739.237.0547.37

 
Long Apple (AAPL)
The surprise here of course is not that I’m going long AAPL but rather that I wasn’t already long (apart from that long term speculative position). I continue to feel like the market is undervaluing AAPL but last year that trend clearly remained and I didn’t want to keep going against it. I do feel like that might have started reversing following its latest earnings release and continue to believe that there is a lot higher for the stock to go given its valuation…