Martin Sosnoff sees market share for the iPhone and iPad peaking soon and the iPod in slow...

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alx.botelho Comments (64)
 
EV / Unlevered FCF of 12... it's already trading as a cheap value stock...
it's funny to see such predictions when you are growing above 20%...
6 Apr 2011, 04:59 PM Reply Like

Nathan W Martin Comments (87)
 
Wait a second, is this a retread of an article before the iPad release?

He could've easily written this same story (and probably did) before the iPod, iPhone or iPad releases.

"Martin Sosnoff sees market share for the iPod and iPhone peaking soon and the iMac in slow decline, concluding that Apple's (AAPL) days as a growth stock could be ending unless it has a major new product."

He could be right this time, but I see little reason to trust it being different than before.
6 Apr 2011, 05:07 PM Reply Like

RK Comments (399)
 
In a Forbes column almost one year ago (www.forbes.com/2010/04...), the same Mr. Sosnoff wrote: "What I love about Apple is it never looks too expensive. It was cheap at $35 with $10 a share in cash, still looks cheap to me at $270 and wouldn't look pricey at $350. " Apple is at $338 today and he is changing his tune. Columnists surely are fickle, aren't they?
6 Apr 2011, 06:03 PM Reply Like

rubicon59 Comments (1207)
 
Is this guy from the digital age, or the stone age?
6 Apr 2011, 07:48 PM Reply Like

kevin117 Comments (26)
 
Nokia better beware if the iPhone mini rumors are true. There's your major new product for ya.
7 Apr 2011, 12:09 AM Reply Like

GangGreen Comments (112)
 
"Apple's days as a growth stock are over?" Really? Of course the market cap is huge but... it still trades at less than twenty times earnings versus it's 55% long term growth rate.

What's holding AAPL's stock from trading like any other growth stock is its size. Mature companies like Apple don't normally start their growth phase twenty five years after their IPO. And a lot of Professionals just can't get past that. But if Apple continues to grow its earnings at 30% (Conservative estimate for AAPL based upon last 3 yrs historical earnings), and the Multiple does not expand or contract, I think a $450 price target within a year is not only reasonable but modest.

Long AAPL
7 Apr 2011, 12:37 AM Reply Like

cdavis103 Comments (2)
 
GangGreen is right on. If you dig into the numbers, AAPL is still a good buy with a bright future and lots of forward momentum and growth. If they would just split the stock and pay a dividend, it would be nirvana.
8 Apr 2011, 10:05 AM Reply Like