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First self employes at 10 mowing lawns and shoveling smow. Held a salaried job since I was 14. handling dangerous chemicals and protecting the lives of thousands of members of my private neighborhood Swim Club. Swim Team Coach at 17. Red Cross certified Life Guard, to train Life Guards, to teach... More
  • George Acs Just Doesn't Get It! 5 comments
    Oct 23, 2012 10:52 PM | about stocks: AAPL

    George, your condemnation of Apple & Cramer just shows how little you understand the issue. In case you did not notice, the most important news about Apple today was not about Apples' iPad Mini show. The real news was that the US Department of Immigration and Customs Enforcement has switched to iPhones. Why, because Apple uses a "closed eco system". Business and schools want the added security of the closed system. This was an approved Homeland Security issue. Do parents want their kids on a secure system or on Google's "open source system"? Do businesses want their internal communications protected by Apple or Google? Even Microsoft is moving towards a closed system (too late).

    It is that very "closed system" that has Apple breeding future customers in our schools while successfully killing off the competition for corporate customers. Apple is just getting started.

    You also clearly missed why the new iPad mini fills a huge void. Women can now put an iPad in their purse. An iPad now fits in your jacket pocket. Kids can hold it. Competition - none! This is a fully functional tool, not just a toy used to buy things, talk to friends or read copied print text. The screen has the same number of pixels as the iPad 2 fit into a much smaller screen which takes the existing programs plus this screen is way bigger in the same size package as it's supposed competition.

    As a user and an Apple investor, I know that Steve Jobs would have made this new tool. He just wasn't any surer that the original iPad would sell than he did that the Newton would (father of the Palm Pilot). As an investor I see larger profits margins in the price. Yes, it may be more expensive, but who else saw the need to replace the most commonly used business tool … the 5 X 7 note pad? And oh, it talks to the office Apple Computer or to the home Office without asking it to!

    I can't wait to see how books and magazines use the new "free" iBook software.

    Phil Paymer

    I own the stock because of the people behind the company who have a vision. Steve did but Jonathan Ive was already there when he returned from exile.

    Disclosure: I am long AAPL.

    Additional disclosure: I am not a professional investor. Retired and investing in the future.

    Stocks: AAPL
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  • George Acs
    , contributor
    Comments (4724) | Send Message
     
    How in the world did I ever miss this article?

     

    Any relationship to actor David Paymer? He's a favorite of mine.

     

    However, reading it reminds me of why I like going to the doctor's office and rummaging through the dated magazines. I love seeing just how wrong "futurists" are, whether it be in the sciences, business, politics or the arts.

     

    In fact, what a great opportunity to compare both of our dated works.

     

    To have referred to my comment about Jim Cramer as "condemnation" is itself sine qua non for "not getting it." I merely mentioned that instead of offering reasons for his opinion, which it should be pointed out was immediately discredited by Apple's price action, he simply offered an opinion and a strong call for action.

     

    Ultimately, Seeking Alpha is a place to discuss theses regarding where stock prices will go. I have written a number of articles that lauded Apple for its products, but tried to distinguish between the product and the stock.

     

    While many devotees would like to believe that the best product will naturally lead to the best performing stock, that's just not borne out in reality. The world isn't always a fair and rational place.

     

    The dichotomy between quality and share price has been true of Apple even before it started facing true competition from Samsung and even before questions started flowing regarding the product line, itself.

     

    I do find it amusing that you place yourself into the mind of Steve Jobs and aver that you know that he would have made this new tool, the iPad Mini.

     

    I too can claim to have been an Apple investor (as recently as early Feb 2013) and owner of Apple products, yet I don't have that same conviction, especially since all information and statements seem to point toward a different direction.

     

    Perhaps you have a path of communication with Steve Jobs that the rest of us don't have. Me? I'm more interested in the path of communication you may have with David Paymer.
    5 Apr 2013, 06:28 PM Reply Like
  • mrphil49
    , contributor
    Comments (199) | Send Message
     
    Author’s reply » Did you have his personal e-mail address as did I?
    Did you send him detailed suggestions regarding why such a tablet would be the way into Enterprise sales? Every small businessman and manager of any worth carried a notepad. I even sent him my suggestion that it be called the iPad almost a year before it was released though I doubt that my input did more than amuse him.
    My business ran for 41 years until I was disabled in an accident on the job. Do you have real world experience running a small business? If not, then you will have a great deal of trouble understanding what a pain in the ass it was to network a POS system that used an X86 processor running Unix with a Win 95/98 PC using a UNIX to MSDOS emulator to get the data into standard ASCII format so that our modern Pentium 4 PC could process payroll for 115 people who were paid at up to 4 different hourly rates and track sales of 1400 items sold in 7 uses.
    No, I have not met David Paymer although he is likely related.
    I did meet 3 Presidents, Senators, Congressmen, Desmond Tutu, the Dali Lama and many many more.
    7 Jul 2013, 06:12 PM Reply Like
  • George Acs
    , contributor
    Comments (4724) | Send Message
     
    Your responses might be more meaningful if you didn't wait 3 months. Also, it might have helped you to remember that you had previously answered the David Paymer question, as well as repeating some other largely irrelevant points regarding who you have met through your life.

     

    All very nice, but none of which adds to credibility or strengthens a point of view.

     

    As a past Washington DC based liaison and media spokesperson for a large member based organization, I've had some nice opportunities to meet individuals in both professional and personal capacities, but there must be some better place to bring that up than here.

     

    Maybe some day over chilled Slivovitz.

     

    Funny you mention your trials with networking. Yes, I did run a small business and way back, almost 30 years ago, I was on the phone hours each day with Novell, back when it introduced its first PC networking product. That was at the time that the first of the x86 processors hit the scene. The 286 was our server, while the 8088 Intel boxes were the workstations. I was one of the earliest installations. In hindsight it was a good decision. At the time? Not so much. Patching it into a hospital UNIX system was another issue back when IT departments cursed the very idea of an end user having anything other than a terminal.

     

    In the meantime, I hope that your Apple positions have fared well. It's been a trying time. I've owned shares a few times since February 2013 and currently still own some. I typically sell covered calls on my positions, but a portion of my Apple shares are uncovered, as I think that there is good opportunity for upside with earnings coming up in 2 weeks.
    7 Jul 2013, 06:36 PM Reply Like
  • mrphil49
    , contributor
    Comments (199) | Send Message
     
    Author’s reply » Apple did fine once I put most of the earnings into affordable rental homes. Very good income and still in my IRA's.
    8 Jul 2013, 09:58 PM Reply Like
  • mrphil49
    , contributor
    Comments (199) | Send Message
     
    Author’s reply » He is likely a relative but we have never met nor spoken.
    My success is based upon analyzing people and studying the business model for business success and not market success as the market moves as the professionals move it to their personal gain.
    Numbers are good ground work but finding the next big stock is about people. Cook and Ive were at Apple when Steve returned. I bought Apple at $14 when Steve returned. I bought Coca Cola under Gozuetta as I knew the business. I bought Harley Davidson as I knew the business, met him and rode that stock until I knew he was going to lose the desire for 100 hour work weeks when he aged.

     

    If you play the game according to the rules, then only the professionals will win as this game is rigged. If you do business the same way as you were taught in school then you will never see the future. Wars (and investing is a war) are never won using the same methods as won the last war. I learn my history on a subject and look for innovation. If Detroit had made cars that looked like American cars as did Harley Davidson, then they would be the darlings now.

     

    We live in a governing system that no longer supports the American dream. Yet that dream is still allowed. How many of the modern big winning companies were started and run by College graduates?

     

    Time to think outside the box and yes, I could see what was in Steve's mind for the future as has Tim and Ive. You just had to look at the very small changes in Apple's actions and interpret them with an open mind.

     

    Your articles are very helpful. Open discussions and disagreements provide new ground for thought. They do not need to be taken personal. I took $35,000 while disabled and fighting for my life, learned the market and made $1,000,000. I mostly got out as playing the market is the same as gambling in Vegas. The game is rigged and beating it requires all of your attention. I prefer giving that to my wife of 44+ years.
    p.s. There are very few Paymer's in the world. Too many of them had trouble with Cossacks or had numbered tattoo's on their arms.Disabled and retired from a 41 year run in my own business quality ranked #3, in what it did, Nation wide when I had to retire. I did meet Jimmy Carter, Gorbachev, the Dali Lama, Desmond Tutu and a lot of people who respected my insight.
    7 Apr 2013, 05:11 PM Reply Like
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