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Robert McDonald

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  • Bullish Cross Initiates Fourth-Ever Buy Rating on Apple [View article]
    Water seeks its own level -- it is only a matter of time.
    Jun 21 09:36 PM | 1 Like Like |Link to Comment
  • Bullish Cross Initiates Fourth-Ever Buy Rating on Apple [View article]
    Maybe you need to take your frustrations out on wall street's market manipulators rather than Andy. These guys need to be regulated out of existence.

    The banks and Wall Street have their own form of taxation they are imposing on every American. As examples, every dollar that goes into unnecessary fees and the skimming that goes on in high speed trading operations comes right out of our hide in one form of another. Just look around and you will see dozens of ways they get us every day.
    Jun 21 09:35 PM | 1 Like Like |Link to Comment
  • Bullish Cross Initiates Fourth-Ever Buy Rating on Apple [View article]
    Appropriate chest beating is fine by me. Repeating history also helps reinforce the credibility of the current call. Keep up the chest pounding and lets hope you have reason to do it at least one more time.

    A major fraction of my high tech investment money is betting on Apple, a higher fraction than I have ever bet before. When Apple starts to come back, for example Apple is up $10 today, the crowd will all try to get through the same door at the same time. I will be pretty happy that I got there long before they did.

    I do vote for a stock split. This would be a relatively small concession to stockholders and employees who have invested in Apple's continued performance. A stock split along with what should be a another blowout quarterly report in July should energize the stock to $500 plus.
    Jun 21 09:28 PM | 1 Like Like |Link to Comment
  • Zaky: Apple's P/E Ratio Falls to Lowest Level Since Financial Crisis Despite 92% Earnings Growth [View article]
    I fully agree with your comment about Apple vs. Netflix. At some point however Apple will have to worry that their sticky ecosystem will draw FTC attention -- not close yet but the day may come.

    Wiping out Netflix is probably in their power but not in their interest. I will say there is no way I would be holding Netflix at this point in time. Krispy Kreme today, hole in the donut tomorrow. You always have to be careful of stocks your barber knows too much about, So far my barber is way behind the eight ball and thinks Apple is too expensive like a lot of other people who don't get it yet.
    Jun 5 01:12 PM | 1 Like Like |Link to Comment
  • Zaky: Apple's P/E Ratio Falls to Lowest Level Since Financial Crisis Despite 92% Earnings Growth [View article]
    The big news will be what Apple plans to do with the cloud beyond music, calendars, contacts and consumer data storage.

    1. Will they expand their offerings to support enterprise needs? I would imagine small businesses are a good place to start. An Apple Netsuite deal might be interesting.
    2. Will they go head to head with Netflix video and movie offerings. Or does a partnership of some sort make sense? Netflix is already a great iPAD Ap.

    I can imagine that Apple has a very interesting internal roadmap that goes well beyond their existing computer and software products. And of course this would all play well with their mobile device and entertainment system offerings.
    Jun 3 01:02 PM | 1 Like Like |Link to Comment
  • 4 Facebook Flaws Create a Massive Opportunity for Apple's iCloud [View article]
    Great writeup on why Facebook is a passing fad but this writeup is an even better analysis on how Apple may do social networking in a more relevant and profitable way. I do think Apple's cloud server farm, and more to come, are about a lot more than social networking but in any case there is no reason that this cannot be part of this new Apple business activity. Let them build more farms and protect their supply chain vs. paying dividends or acquisitions. I for one prefer the resulting stock appreciation.

    One more time, Apple has been sneaking in more revolutionary products, now based on the cloud, right under most of the analyst's collective noses. Let the funds sell. They will stampede back in in the not to distant future and this should be quite a sight. Anyone who thinks all money managers buy and sell stocks solely for the benefit of their clients vs. looking good and various other economic reasons has an opportunity for some quick learning.
    May 16 11:12 PM | 1 Like Like |Link to Comment
  • Zaky: Apple's P/E Ratio Falls to Lowest Level Since Financial Crisis Despite 92% Earnings Growth [View article]
    This is another well done objective article by Andy. As usual his write ups on Apple are supported by definitive data, analysis and conclusions that exceed anything being done by anyone else in the public forum. I am glad he is effectively making the points in a way that is impossible to argue with.

    Water seeks its own level and Apple will eventually course correct in part thanks to the clarity of unbiased analysis like these. In this case, even the sell side fee for service analysts are on board.

    As with the overall stock market, valuation goes up in spurts -- we all just need to be patient and stay long Traders betting against reality will get their shirts handed to them at some point.
    May 14 12:37 PM | Likes Like |Link to Comment
  • Ken Fisher's Favorite Stock Picks [View article]
    I agree with your sentiments posted here. Anyone investing with a Money Manager had better do their homework. Fisher Investments walked into the 2008/2009 market meltdown with their clients fully invested in companies like GE and large banks around the world. They were in total denial that the popping of the Real Estate Bubble would have any significant effect on equities and declaring that we were in the last leg of a great bull market; therefore they were buying large caps. At the same time they were also in denial about the potential economic jeopardies being created by the Financial industry. Needless to say their invested portfolios, many owned by retired individuals, took a huge hit
    May 11 01:39 PM | 3 Likes Like |Link to Comment
  • Ken Fisher's Top 10 Holdings [View article]
    Anyone investing with a Money Manager had better do their homework. Fisher Investments walked into the 2008/2009 market meltdown with their clients fully invested in companies like GE and large banks around the world. They were in total denial that the popping of the Real Estate Bubble would have any significant effect on equities and declaring that we were in the last leg of a great bull market; therefore they were buying large caps. At the same time they were also in denial about the potential economic jeopardies being created by the Financial industry. Needless to say their invested portfolios, many owned by retired individuals, took a huge hit.
    May 11 01:31 PM | Likes Like |Link to Comment
  • Why Google Will Win the Smart Phone Battle [View article]
    I recently moved from a Motorola Droid phone to an iPhone. My overall comment is that Android is a buggy operating system and results in a phone with significantly inferior operating characteristics. It also does not take a rocket sciencist to realize that Google's Ap acceptance process is creating a free for all with garbage that even the user commentators cannot keep up with.

    Within a list of hundreds of items which are much better on the iPhone, for example the built in Stock Ap, there is only one item I miss vs. my Droid phone. That is the Google navigation system which enables a reliable "navigate to location xyz" by voice. I really miss that feature, but I am sure it will soon be addressed by a bug free Apple approved Ap. I am willing to wait for that.

    There are going to be a lot of Android based phones in the world but that it is not surprising. The operating system is free and has been leased to multiple phone manufacturers who also produce a lot of budget phones. But if you ask who has the happiest customers, and you ask who is making the most money, there is no serious competition to the Apple iPhone.
    May 5 11:47 AM | 9 Likes Like |Link to Comment
  • Apple and Microsoft Confound Nasdaq 100 Rebalancing Expectations [View article]
    Here is the complete working web link for the last comment above:

    blogs.barrons.com/tech.../
    May 4 09:39 PM | 2 Likes Like |Link to Comment
  • Apple and Microsoft Confound Nasdaq 100 Rebalancing Expectations [View article]
    Apple is running on all cylinders with all business areas growing rapidly while being highly profitable :

    - Computing hardware (desktops, laptops, )
    - Mobile and mobile web (iPhone, iPad)
    - Software (operating systems,
    - Entertainment (music and video)
    - Retail (iTunes, Apple stores, Ap store with mobile web aps)
    - Video games (ranks among top the top 5 companies via the Ap Store)

    And soon this will most likely include:

    - Cloud computing including consumer and enterprise applications
    - Video on demand
    - A fully Apple enabled home HDTV/entertainment system

    None of the high tech companies I have invested in for the last 20 years have had this kind of successful diversification -- not even close. Intel's claim to fame has been in semiconductor memories and in microprocessors, Cisco was and still is a router and a switch company, and Microsoft has been basically a two product company since inception, Windows and Office. The one exception is the more recent introduction of the Xbox video game console and the Kinect interface.

    Some are speculating that Apple is on its way to being a 1-2 trillion dollar company with a $1000/share valuation. I would at least agree that we are on our way towards getting a lot closer to that possibility. (Be sure and watch the video at the bottom of page -- it makes a plausible statement of the possibility):

    www.businessinsider.co...

    It is not surprising that factors determining Apple's as well as Microsoft's valuation at this point in time were more significant than the potential effect of the NASDAQ 100 adjustment. Apple is operating in a different domain than the companies most of us have have historically evaluated and many analysts and money managers still do not get this yet -- therefore Apple's depressed valuaion -- forward P/E of less than 14, PEG of <05. And also therefore Apple's effect on Microsoft's valuation trajectory.

    How many companies have products with limited or no competition? How many companies keep coming up with so many new innovative products and product upgrades? How many companies have so many different businesses all generating significant growth and profits? The following post has an interesting take on the significance of what Apple is doing:

    blogs.barrons.com/tech...
    May 4 08:46 PM | 2 Likes Like |Link to Comment
  • Apple: No Longer Hostage to the Seasons [View article]
    The fact that Apple's March Quarter was almost equal to December is indeed indicative of Apple's ability to overcome some of the seasonality that affects tech stocks due to higher seasonal Christmas sales. I submit that a larger factor however is the underlying ramp in Apple sales in general. If you assume that the usual seasonal effect will occur for this years Dec quarter, current analyst calendar year sales and earnings forecasts are way low one more time.

    Adding in the usual seasonal growth trend to the March numbers says that 2012 calendar year earnings could be as high as $32/share vs. professional analyst forecasts of $25/share in round numbers. Given a P/E of 20:1, this would take Apple's stock to $620/share.

    Due Disclosure: Long in Apple
    Apr 30 03:08 PM | 1 Like Like |Link to Comment
  • More Proof That Analysts Can't Predict Apple [View article]
    Just keep in mind that these Apple analysts are representing an industry that has a major role in maintaining the financial health of America. They are chartered to provide critical banking and money management services. At this point in time they are not worthy of the public trust in this regard and are in need of significantly improved regulation,
    Apr 25 11:20 AM | Likes Like |Link to Comment
  • $6B More in the Coffers: Good for Apple [View article]
    ERRATA: PEG IS LESS THAN 0.5
    Apr 24 03:33 PM | Likes Like |Link to Comment
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