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Wilson Wang  

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  • Apple And The Coming Leveling Of The Semiconductor Giants [View article]
    The drop is something called strike pinning. It happens on big option expiration weeks. The stocks usually pin down to where the largest open interest is.
    Jan 20, 2014. 01:47 PM | Likes Like |Link to Comment
  • Apple's Last Chance To Dominate The High End [View article]
    You know what's funny.

    Samsung actually trades at a 7 ish p/e.
    Jan 6, 2014. 12:29 AM | 6 Likes Like |Link to Comment
  • Apple's New iPads Are Out And They Are Gorgeous: Sell The News [View article]
    Unless he's simply doing it as a short term, then he should be okay.

    I just hope it's not for longer than a month.
    Oct 23, 2013. 11:01 AM | 4 Likes Like |Link to Comment
  • Apple's New iPads Are Out And They Are Gorgeous: Sell The News [View article]
    You are very brave Michael.
    Oct 23, 2013. 10:50 AM | 5 Likes Like |Link to Comment
  • Apple Earnings Preview: Playing The Analyst Game [View article]
    Theoretically speaking, Apple could LBO itself out of the market place today if it wanted to. Someone with enough capital could swallow Apple if they had access to, you know, 400+ billion.

    From a practical stand point, there's a lot of crap Apple has to go through. Majority of its cash is abroad which is subject to tax. Apple's board wouldn't let anyone buy them out at the current market price. For a hedge fund or anyone that wants to become an activist investor, you must at least have a sizable stake which is equivalent to nearly 18.55 billion (5% of market cap.)

    So, your theory of them buying themselves out is correct, but not practical in any way.
    Apr 22, 2013. 05:25 PM | Likes Like |Link to Comment
  • Apple Earnings Preview: Playing The Analyst Game [View article]
    Well detailed analysis Bill. I think some of the pessimism in Apple is overdue. Let's see how the stock reacts to the earnings report. If that thing dips, there's a high possibility I will be taking a good size position. This kind of stuff reminds me too much of what happened to RIMM years ago.
    Apr 22, 2013. 02:25 AM | 2 Likes Like |Link to Comment
  • Investors Are Missing Apple's China Opportunity [View article]
    I will admit, my comment was quite "retarded."

    Do I think people are missing Apple's China story? Hell to the yes. But if anyone's recently gone to Asia, Samsung phones outnumber iPhones. Cheaper and better built (spec wise), Asian consumers tend to be price sensitive. With that said, I think the opportunity is there, but it's not as convincing as it was last year.
    Apr 20, 2013. 05:06 AM | Likes Like |Link to Comment
  • Investors Are Missing Apple's China Opportunity [View article]
    I go to Shanghai every year, and everyone that had the iPhone 4s last year now carries a Samsung Galaxy S3. I don't know about the opportunity anymore...
    Apr 17, 2013. 04:30 PM | 4 Likes Like |Link to Comment
  • Apple Can Save Its Shareholders - But Will It? [View article]
    Well written article as always.

    My question is: what are the tax implications to a share buyback program if those funds are held in countries' with the lowest tax rates?

    If Apple can effectively answer that question, I'm almost certain that Apple's Board of Directors has been contemplating about this.

    I would also like to point out that you brought up a really good point about capturing a large market share in developed countries, however, do you feel that with the introduction of the new "cheaper" iPhone, would it help gain market share in developing nations WITHOUT tarnishing the "premium" brand image?

    The risks are there, but the real question is, do Apple investors have a margin of safety great enough to take this risk? My answer, no.
    Apr 7, 2013. 04:32 AM | 1 Like Like |Link to Comment
  • Apple Is Worth $265 [View article]
    Interesting... So Apple's business is only worth 120 ish billion given that they have so much in cash. Okay.
    Mar 6, 2013. 04:38 PM | 19 Likes Like |Link to Comment
  • Apple Vs. Research In Motion: The Winner Is ... [View article]
    Speculative play or not, if an investor invested the way Graham advocates, then he/she would have bought RIMM below current assets minus all liabilities. RIMM's balance sheet offers enough margin of safety only at a certain price. For investors that bought RIMM shares at liquidation value, they practically got the handset and the service business for free. To put a stock in perspective of buying a company, to have the ability to own something for free will always warrant more upside than downside. Not to mention, RIMM's patent portfolio offers another margin of safety by itself, however, liquidation value didn't include that either. Thus, for an investor that wants long term return, Apple has all the right fundamental indicators of a value stock, but what it lacks is the ability to place itself in an industry that gives it a heavy moat. Product innovation is the uncertainty for Apple, and if this tail risk ever happens, then the inevitable will occur, and the risk would be catastrophic.
    Nov 18, 2012. 07:01 AM | 2 Likes Like |Link to Comment
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