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  • Apple: Is It Really Too Cheap To Ignore? [View article]
    Richbar, the whole point of the article is that Apple looks cheap, but might not be. The point is that Apple needs a new product, or earnings may indeed start to shrink.
    While I don't share your bearish view on Apple, I think that caution is the best practice approaching the stock here.
    Mar 8 05:13 PM | Likes Like |Link to Comment
  • Apple: Is It Really Too Cheap To Ignore? [View article]
    If the stock was indeed cheaper after the dot-com bubble I apologize for the error, it means that my sources are wrong.
    Analysts actually loved Tim Cook for the first 12 months though. I'd also say though that the whole analyst-system around Apple should be reviewed: they were just so damn wrong. When the stock was at $700, price targets were flying to the moon. Only when the stock started to fall like a rock they lowered their estimates. I mean, really?
    Furthermore, I've been a fan of Mr. Cook since the beginning, and if you look at my articles I've actually defended the stock many times. Now, I just think he could do more to protect retail investors. A big buyback would nearly dent Apple reserves.
    And then again, as I said in another comment, making nothing to counter this negativity sentiment around the stock and the company is also bad for sales. People may start to listen to the terrible mainstream media coverage that surrounds Apple and really buy that the company cannot innovate anymore.
    Mar 8 05:08 PM | 2 Likes Like |Link to Comment
  • Apple: Is It Really Too Cheap To Ignore? [View article]
    Ryan you do have some good points. However, this (almost) $300 downfall not only has caused a lot of pain for many retail investors, but is just terrible for the sentiment surrounding the company.
    Do you think that it doesn't have an influence on sales the fact that the medias go on saying that the stock is falling because Apple has lost its cool factor, that it cannot innovate anymore?
    Furthermore, Cook is doing poorly also in this battle with Samsung. Think about this simple thing: ads. Samsung is airing ads aimed directly at Apple which go viral on the web. And while Apple's new iPad ads are cute, they don't have the "hip" factor that, for example, the "Get a Mac" campaign used to have. This again plays all in Samsung's favor.
    Mar 8 04:54 PM | 4 Likes Like |Link to Comment
  • Apple: Is It Really Too Cheap To Ignore? [View article]
    Might well be, I highly doubt though that there would be a rally to 500 just in one day. And even if it was so, once there is finally something to push up the stock, $500 certainly won't be the last stop, just one of the first ones.
    Mar 8 04:40 PM | 1 Like Like |Link to Comment
  • Apple: Is It Really Too Cheap To Ignore? [View article]
    Unfortunately emotions have apparently driven the stock for the last few months.
    The point here is that Tim Cook has done nothing to stop this downfall. Think about this: if indeed they have many products in the pipeline that will make the world go frenzy once again, and therefore not only allow Apple to maintain this level of income, but to increase it, the money needed for a $100b buyback would be recouped in 2 years...
    Mar 8 04:35 PM | 1 Like Like |Link to Comment
  • IMAX: Can It Rise Further? [View article]
    Google finance. Do you have different data?
    Mar 7 11:03 AM | Likes Like |Link to Comment
  • J.C. Penney: Rush For The Door [View article]
    Well said karmike, thanks for your comment.
    Feb 28 09:32 AM | Likes Like |Link to Comment
  • J.C. Penney: Rush For The Door [View article]
    Agree. From what I've read of the conference call, RJ focused more of the good the management is allegedly doing, while avoiding to talk about how that the whole thing is actually close to falling to pieces.
    Feb 28 09:31 AM | 2 Likes Like |Link to Comment
  • J.C. Penney: Rush For The Door [View article]
    Zach, you raise some good points, but I don't agree with you that all the rest is "noise".
    The Ackman quote tells the truth: now the shop-in-shop takes around 10% of the total footage. The plan may be to bring it up to 60%, but I wouldn't be so sure that they'll manage to do it. It takes cash, and they're burning it quickly.
    Morgan Stanley's Kimberly Greenberger is now out saying that JCP is deferring payments to vendor, probably to shore up cash. Doesn't look like a good sign to me.
    Feb 28 09:28 AM | Likes Like |Link to Comment
  • Unexpected Value In Coach [View article]
    Coach actually has a P/E of 12-something actually, not 14.

    Furthermore, you say: "should be able to more than cover its dividend as well as its expansion". With that amount of cash they could very well pay dividends with 0 revenues for three years before taking the bank account to 0, but being barely able to pay your dividends is not exactly the best sign of financial health: that's not the point here.

    The matter with Coach is that growth has slowed, badly. At these levels, market is actually saying that earnings are going to contract. Point is, do you believe the market or not?

    To you, answer seems to be no, but you don't offer enough reasoning at all.
    Feb 26 07:46 PM | Likes Like |Link to Comment
  • Michael Kors: The Stock May Continue To Pop [View article]
    Nice analysys.
    What I'm worrying about KORS, though, are exactly those sky-high estimates (EPS growth of 60%). What if the growth slows?
    Look at what happened to COH, almost same market cap, 3x income. COH is now surrounded by a great dose of pessimism, especially given the worries about slowing consumer spending, and many investors are clearly betting on a contraction of EPS.
    Could KORS be affected by this environment (fundamentally, by slowing spending, and on the sentiment side, if growth slows)?
    Feb 23 09:56 AM | 1 Like Like |Link to Comment
  • Google (GOOG) officially unveils the Chromebook Pixel, a touchscreen laptop meant to take on the MacBook Air and Windows 8/RT ultrabooks and convertibles. Whereas existing Chromebooks are typically low-end systems running on ARM CPUs, the Pixel starts at $1,299, is powered by an Intel (INTC) Core i5 CPU, and sports a 12.85," 2500x1700, touchscreen display The Verge calls "absolutely gorgeous." Two shortcomings: The device offers only 32GB-64GB of storage, and there's still a shortage of Chrome OS apps. (earlier[View news story]
    And yet again... Another Apple copycat. Look at the pictures on The Verge: a total ripoff of the MacBook Pro.
    And they say that Apple is dead. Google, blatantly copying another Apple product, just showed that this... just isn't true: they still can only aspire at what Apple does. For now, they just can copy Apple, not innovate more than it
    Feb 21 05:04 PM | 3 Likes Like |Link to Comment
  • Apple Needs A Staggering Breakthrough, And Quickly [View article]
    hermanbrut, substantially yes, that was one of the reasons (there are many others which you can easily find on other articles here on SA and on witch, therefore, I did not focus). The stock was falling as a knife and that lead many "big guys" to unload many of the shares, making the stock fall even more and driving out the small investors who couldn't withstand seeing their shares falling so abruptly.
    davel, well said
    GRJ, no the solution is certainly not buying Netflix, I mentioned it only to show how momentum can drive shares up or down, even if the fundamentals show a totally different picture.
    Feb 15 11:44 AM | Likes Like |Link to Comment
  • Apple Needs A Staggering Breakthrough, And Quickly [View article]
    foxxx333, mind me, I almost totally agree with you, Apple is the biggest holding in my portfolio currently, and I have no plans to change this situation.
    But you say: "if earnings do not deteriorate", that's the key: the market, as. I said in the article, is actually pricing Apple for a deterioration of around 30% in earnings. Do I think it is rational? No I don't.
    Do I think that Apple has to drastically show the market that it is wrong, before the stock price starts to rise again? I absolutely do.
    Feb 15 11:33 AM | 2 Likes Like |Link to Comment
  • Apple Needs A Staggering Breakthrough, And Quickly [View article]
    alan101+, perfectly entitled to your opinion.
    In my very first article here on SA (http://bit.ly/XdZHOh), written when Apple was trading around $510 at the beginning of November 2012, I showed how the stock was incredibly cheap. It was 3 months ago. Did the market care about the situation that I (and many others here on SA) showed? Not a bit, the stock now is actually lower than then and, most of all, even cheaper than then. But the market still doesn't care.
    Again, feel free to trash it as garbage, but the last paragraph of the article is what I think describes the current situation better.
    Feb 15 11:27 AM | 3 Likes Like |Link to Comment
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