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54 Comments
- insboswiz, on 10/12/2007, -7/+34Actually, you really want to sell you stock the day before Jobs leaves (or announces that he is leaving). The day of will be way too late...
- bryguy000, on 10/12/2007, -3/+29Apple prices are competitive if you configure the competing models equally, especially the Mac Pro.
I feel that the term "very pricey" is a bit harsh, but it is true that they don't have the sub 500 dollar clunkers that Dell and Gateway have, which is a good thing. - borninda818, on 10/12/2007, -18/+40Jobs is a genius. Not much more to say. The day he leaves is the day I sell my stock.
- Antialias, on 10/12/2007, -3/+16Like they did with the Ipod? There were a number of hard drive mp3 players that had been out for awhile before the ipod came out. Or the itunes store, there were a few music stores out before it as well.
That of course doesn't really predict the future, but shows us they know how to come into an existing market, perfect it, and grow the market as well. - hoppdawg, on 10/12/2007, -2/+11I think there is little doubt that apple has the potential to double or triple their profits in the next 4 years, making their P/E ratio of 40 not look too steep.
I know the next computer I buy will be a mac. - inactive, on 10/12/2007, -6/+14Good, then you will know many analysts have a "buy" rating with a target of $105.
I bought 30k's worth when it was $58. - waalter, on 10/12/2007, -2/+10@willynilly
You forgot to mention iMacs, the iTunes store and MacOS X. He may not be a genius, but he's made some profitable business moves. - alternative724, on 10/12/2007, -3/+9@wowbagger
you have too much money - senseigmg, on 10/12/2007, -0/+7Man, drug companies keep coming out with cancer treatments? Aren't there already a bunch? Why does a new cancer treatment send pharma stock soaring? Investors are stupid.
/sarcasm - fitzfan, on 10/12/2007, -0/+7Look at Apple's growth rate compared to Microsoft, you have to be an idiot to expect them to have PE ratios anywhere near each other.
- cthellis, on 10/12/2007, -0/+5@willynilly
Numerous quality and design issues...? Like what, specifically? They're known for Round 1 hardware being a bit on the flakier side of launches, but quality and design is essentially what Apple is KNOWN for now. They won't always catch a wave at its' crest, but they have a lot more passes than fails--and are recognizable by consumers much more because of it. (In other than, say, looking at a company logo.)
The biggest complaint from people seems to be their LACK of certain features, not their poor implementation or shoddy design. Of course it's their simplicity and intuitiveness that gets a lot of press as well.
I'm curious what exactly you're on about, and how it relates to Jobs. It would seem to me that the period where they lacked distinction and drive was when Jobs was not at the helm. - StuartGibson, on 06/14/2009, -0/+5It's probably because he's infinitely prolonged. You're a jerk Dent.
- cthellis, on 10/12/2007, -0/+4@Andy.D
*** It's funny how quickly people forget that several months ago AAPL was already trading in this range, only to crash down from the mid-80s to the mid-50s. ***
And by "already trading in this range" you mean that couple-day spike in January '06 immediately after they got their first Intel-powered computers out and beat quarterly expectations by a healthy margin? THAT is your meaningful analysis? - senseigmg, on 10/12/2007, -0/+4Shorting stock means selling it before you own it, then buying back (covering) at a (hopefully) lower price, pocketing the difference. I also agree, I've been long since 78.80, and am not sure if I should take my profits now before a pullback and jump in again. Though I will buy some January 95 calls, as it will most likely break through that after macworld.
- blondon, on 10/12/2007, -1/+5Crash down??? Ever hear of a split? Get a clue... This stock has been a strong performer for several years now without fail...
http://www.apple.com/pr/library/2005/feb/11split.html - inactive, on 10/12/2007, -0/+3$1.2 million out of the fifth avenue store yesterday...
- superkendall, on 10/12/2007, -0/+3Apple's P/E seems high. But consider that in so many markets, they have the possibility for exponential growth:
Operating systems - with a large push for new systems from both Microsoft and Apple, many more people may be buying Apple workstatons and laptops - even if they want to run Vista! I've seen a number of reports that the Mac Pro is the best overall system for running Vista because it's literally $1k less than the same Dell.
iPhone - a whole new market that Apple has a great shot at. Much more risky as there is no history of performance.
iPod - still lots of growth there and no real comptition yet (if Zune had a model that went after the Nano I might think different)
ITMS - poised to become the primary center for video distribution in addition to music.
Pro media software - from Aperture to Final Cut Pro, few people think about just what growth rates must look like in the pro software space.
Bascially Apple has pole position in several races at once, any one of which can lead to exponential growth in that segment as much of the market swings their way. I don't think the stock is yet too high to buy into, though you may want to wait for whatever dip might come later when the finally restate earnings. - uptown, on 10/12/2007, -5/+8The only thing that could throw Apple a curve is their stock options involvement. Many other company CEOs have fallen for this very issue, and Apple is in the process of restating. If they can get past that, their future is bright, but it may not be a small factor when all is said and done.
- spoier, on 10/12/2007, -1/+3No, they can't. It's called "antitrust law".
- xeeton, on 10/12/2007, -2/+4Expected product releases are not the reason stocks go up and down; anticipated earnings are. Moreover, stock prices are valued by expectations of returns, not by marketing.
- jjgriffi, on 10/12/2007, -1/+3The future product releases you mention are, to the extent investors know about them (and most do), already priced into the valuation models for Apple. If these products are more financially successful than the market expects, Apple's stock may rise. It is entirely possible that these products are not as successful as the market currently believes they will be, and therefore the stock may go down despite their launch.
- barl0w, on 10/12/2007, -3/+5It's a setup for the shorts. I'm watching to get in myself :)
- superkendall, on 10/12/2007, -1/+3A fan boy is, by definition, a fan of something.
And yet the original poster, like so many of us, are not Fan Boys so much as people with a deep dislike for, and distrust, of Microsoft. An anti-fan boy? A fanless boy? I don't know what the term would be, but there are enough of us that would rather stay away from Microsoft products if at all possible that it's going to have a dragging effect on Microsoft success. - aristotle0dude, on 10/12/2007, -2/+4"Can you say Fan Boy?"
Says the guy called Halodude1489. LOL
You will find that the majority of us that criticize MSFT have a great deal of experience with their products. You might spend your weekends playing your sad little games on your Xbox or windows PC but people like me spend our workweek developing software for windows. I know how badly parts of MSFT software sucks from using it day in and day out.
I also know about all of the underhanded tricks MSFT used to get where they are now.
We do not hate MSFT out of ignorance but rather full knowledge of both the good and bad they have to offer. - virtualball, on 10/12/2007, -2/+4I love Apple, the spacebar on my macbook didn't just break.
- rritterson, on 10/12/2007, -0/+2Usually, that is true to a large extent. Sometimes it's not. I think in this case Apple is beyond their market value by a significant margin, but the stock will keep going up because people are enamored by AAPL.
Think of the tech bubble of the late 90's. Those prices was absurd compared to future expected earnings. - uptown, on 10/12/2007, -0/+2Umm... Where have you been the past year?
http://finance.yahoo.com/q/bc?s=AAPL&t=1y&l=on&z=m&q=l&c= - zeejay, on 10/12/2007, -0/+2Except... unlike Microsoft, Cisco, etc., Apple still has the potential for explosive growth in a relatively short timeframe, since their marketshare is still so small.
- ginty, on 10/12/2007, -0/+2Taking your advice from the retail investment places isn't much better than listening to the blogs if at all. Most of those guys don't even invest themselves.
- waalter, on 10/12/2007, -0/+1AAPL did split, but they were up to nearly $85 this January. They hit their low at about $50 in July, and now they're back up. In the longterm this is a strong performance, but for day and swing tradres, not so much.
- superkendall, on 10/12/2007, -2/+2Look at Zune sales on Amazon - they are currently below Sandisk and ten other different iPods!
http://www.amazon.com/s/ref=sr_st/002-1185186-7119246?page=1&rh=n%3A172282%2Cn%3A1065836%2Cn%3A172630&sort=salesrank&x=4&y=10
How is that a "Front". Seems more like a "Back".
Also it's funny to say that Vista will have a major impact on Apple sales, at least if you are trying to imply that impact is negative - a number of places are recommending people buy a Mac Pro to run Vista on! - Quix, on 10/12/2007, -0/+1"Apple's P/E ratio is similar to the levels before the Dot Com crash of 2001" - insboswiz
Huh? That sounds alarmist to me. Actually, the P/E ratios for many dot com bubble companies just before the crash were FAR higher than 40x. FAR HIGHER. 40x hardly represents reckless speculation. Not even close.
As superkendall said, Apple has so much potential for growth in so many areas, buying at a P/E of 40x right now could turn out to be a real bargain. I'm definitely holding my shares. - tophtucker, on 10/12/2007, -0/+0...what is up With The Capitalization in The Description?
- sessamoid, on 10/12/2007, -2/+2Look at the pretty graphs...
http://finance.google.com/finance?q=AAPL - insboswiz, on 10/12/2007, -5/+4There are two things that would concern me with this stock; First of all, they went from a high of mid 70s last Christmas to a low of 51 in July of this year, back up to 91 now. That is an awful lot of swing for any stock. Secondly, and even more worrisome is the fact that the stock is trading for more than 40 times earnings (the P/E ratio). Now, tech stocks are normally high, but peer technology companies such as Cisco (28 times earnings), Intel (21 times earnings) and Microsoft (23 times earnings) are running much lower ratios. Apple's P/E ratio is similar to the levels before the Dot Com crash of 2001. 40 times earnings is simply not sustainable, and god help the stockholders if anything happens to Steve Jobs. I wish I had bought some Apple this past summer, but no way would I touch it now with a 10 foot pole. Way too risky for me.
- aristotle0dude, on 10/12/2007, -1/+1You know this how? Did you check?
- inactive, on 10/12/2007, -2/+2that happens in bull market.
- FknGoAway, on 10/12/2007, -1/+0I agree with you, I picked up some of there stock back in March 03 when I got my first Apple product. This past summer I thought of getting more but with the way it has been swinging it is to hard to estimate when to purchase. I originally got it at 7.29 and it was stable, although just after I got it, it did nose dive almost a full dollar. I think I am going to sit tight a little longer, not sure if now is a good time to buy, but according to my broker it is. As you say, to risky.
- ahhell, on 10/12/2007, -6/+5Care to say that again in english?
- JasonPrini, on 10/12/2007, -2/+1January is when Apple often releases big products. Speculators are just busy betting on it. That drives up the price.
It's really not more complicated than that. - hammyhamhams, on 10/12/2007, -3/+0corrupt government sponsored monopolies have been around since the 19th century... 200 years worth of history is not a blip or a paragraph for mankind. a company like msft getting special treatment is nothing new...
also, i notice my mac came with a ton of apple software, including their own browser, yet because their market share is so small no-one pays any mind? i never really see this mentioned, and i don't care because i like my firefox, just thought i'd point it out. - Ireland, on 10/12/2007, -9/+6"Jobs is a genius. Not much more to say. The day he leaves is the day I sell my stock."
I agree, Jobs is a great business man, but can I say that if you wait until then to sell your stock, it would be a day too late. You should sell the day before he leaves. ;) - cthellis, on 10/12/2007, -3/+0Goddam trendy Wall Street types!
- Rethcir, on 10/12/2007, -6/+2CliffOsakaJapan has a MAJOR hardon for apple and the alleged future products.
- minimaximus, on 10/12/2007, -6/+1Tweakers: you represent the average, delusional, Mac user I presume.
MS can literally buy Apple 4 times, and still have some cash left over. Get a clue. - Halodude1489, on 10/12/2007, -7/+2Can you say Fan Boy?
- inactive, on 10/12/2007, -7/+2Nobody gives a ***** about what you claim to have done in your own financial dealings. This "information" has absolutely no value to anyone.
And it makes you an insufferable blowhard. - minimaximus, on 10/12/2007, -8/+2Wow, Mac Monkeys actually managed to get an ad for AAPL on the front page of Digg: "Buy AAPL now, stock is destined to break out in a week. CEO says it's a strong buy. BUY BUY NOW"...
seriously, AAPL is experiencing a mini-bubble of its own, and as the competition catches up on several fronts (Zune 2.0, Vista, etc) the irrational exuberance will die down and Apple will go back to around $40.
/willing to bet on it. - muleking, on 10/12/2007, -11/+4ihateapple,thespacebaronmymacbookjustbroke
- uptown, on 10/12/2007, -15/+6I think much of the previous "crash" was driven by the post-Christmas dip of "everbody just bought an iPod, so they have nothing to buy now". Apple is confronting that with their iPhone, and laptops. If they somehow were able to drop the price of their laptops by about 25%, they'd capture immense marketshare. They've never been one to enter the price-war though, since Dell can always beat them on price alone. Their hardware is still a very pricey item comparatively, which limits broader user-adoption.
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