Value Expectations

Apple's Current Expectations vs. Its 52-Week High

Hi Hedged In,

Thank you for your feedback. We try to be consistent with our posts and typically use a three year or five year EBITDA Margin, same with asset turns. Our institutional product allows you to adjust any line item in your proforma year by year to calculate an intrinsic value.

I read your profile and it seems you are a professional investor, so I would be more than happy to offer you a temporary username and password. If you visit our blog: valueexpectations.com you will notice a section on the left hand side where you could click for a trial account. Once you contact us, I can fill you in with more details.

Take care!
VE



On Mar 09 05:42 PM Hedged In wrote:

> Good analysis -- thank you. (Is the tool available anywhere on the
> internet?)
>
> Most of the comments seemed to miss the point that you were just
> solving for future growth based on current stock price, taking other
> variables as fixed.
>
> However, taking EBITDA as fixed is highly risky. Apple's margins
> are probably at an all time high as Windows weakness allows Apple
> to charge a premium for its computers and the iPhone is the only
> show in town.
>
> But over the next year, we'll see netbooks take serious market share
> and drive down laptop pricing (and the OS will matter less as more
> moves into the cloud), and Android phones will start to compete with
> the iPhone.