Channon

100% Gainers and Their Estimated P/Es

P/E?? That's so "yesterday". Our economy is in a new paradigm. This time, it's different...

Mac Pricing: Value Is in the Eye of the Buyer

Hedged In:
Have you ever used the aluminum laptops? They are far superior to plastic. The case and size is the only reason I'm using a 4-year-old laptop. That is, the lack of availability of a metal-case small-format laptop until recently. And, likely the only reason my laptop has survived for 4 years. I think you are in very small company if you prefer a plastic case to AAPL's new unibody aluminum case. Premium pricing, surely an arguable position (until you go try to build a comparable Dell), but plastic over metal???

Mac Pricing: Value Is in the Eye of the Buyer

Only one data point, but the hardware upgrades (specifically firewire and battery) on the 13" are enough to put me in the "buyers" column.

Am I still paying a premium? What is my time worth? At the office, I'm still running XP because of Vista, and that's very dated technology that costs quite a bit of productivity. Updates, virus scans, firewall maintenance all eat up precious time.

Right now I'm typing this post on my 12" PowerBook G4 that is 4 years old this month. 4 years is about twice the life of a typical PC laptop, WITHOUT having to live through the upgrade hassle. I'll gladly pay $1500 again (incidentally, that's what I paid 4 years ago for my 1.5Ghz G4, plus $100 to get to 1.25Ghz RAM) for another painless 4 years of computing; this time on a 2.5Ghz Core 2 Duo & 4 Ghz RAM onto which I'll install my copy of XP and ditch the office PC thanks to Outlook support... My only regret is that AAPL doesn't make something smaller than the 13".

Apple and RIM: The Spoils Go to the Smartest

Economyst: AAPL defers iPhone revenue over 8 quarters. An iPhone sold in Oct 2008 was only 1/8th recognized in Q4 08. July 08, only 1/4th recognized, etc.

The bloggers have been pointing this out for years. Morgan Stanley just noticed, and quite hilariously, after having told their clients to sell at $80, just decided to tell them to buy at $135. Having missed $55 in gains, they think there is another $45 in upside. Perhaps that means it's time to sell...

Is Microsoft About to Multi-Touch a Nerve with Apple?

Jimbot, you can delete "shipping", and your comment has merit. For MSFT, the issue is the thing actually working!

Apple: Bulls More Bullish, Bears More Bearish

Mathematically, you could justify $86 if you think there will be nothing but bad news. But, $70?? Abramsky is not thinking. What's his timeframe?

At recent rates, AND assuming NO more growth, in about 2 years Apple will be sitting on $70 in cash. I have a 2 year horizon...

Snapshot: Apple's Cash Growth

Optionsgirl -- $50/share?? Hardly; they had $32/share CASH on the books on 12/31, and have been printing dollar bills non-stop for the 8 weeks since. Surely you think the enterprise is worth more than $18?

I hope you're right; I'll sell everything and go all AAPL!

Recession Takes a Bite Out of Mac Sales

"But if our survey numbers are correct, then why did the Street react so favorably to Apple’s latest earnings announcement?"

Perhaps it is the convergence of cash on the balance sheet and market cap?

Ominous Drop in Sales Bodes Ill for More than Just Apple - Barron's

Apple had better cut back staffing levels, inventory and business hours at their retail stores, just like the other retailers. If they maintain adequate amounts of product people want, sensible staffing levels and convenient hours, they won't successfully reduce their sales.

I was in Restoration Hardware last Saturday. Over a dozen frustrated customers were lined up to pay with only TWO employees. After a ridiculous 15-minute wait, I was told the product I wanted was out of stock. ATTENTION AAPL MANAGEMENT: This is how you run a recession! Piss off, and then turn away paying customers.

If Apple Does Correct, It Will Do So Soon

On Jan 28 01:30 PM Derrick Lilly wrote:
>
> Plus, with $25 per share in cash ...


$31.50/share as of 12/31/08, and adding about $3/quarter. As of today, figure about $32.50/share in cash (30% more than your figure.) Yes, it's accumulating FAST, despite Wall St's lack of attention to this detail.

Feet to the Fire: How Analysts Missed on Apple iPhone Shipments

Nice post; I had not seen those comments.

I do think that one reason analysts are so negative on AAPL is because its defenders are so rabid. They end up hating the company because of its fans -- kind of like the world outside of NY with regard to the Yankees!

Apple Warns iPhone Competitors: Don't Rip Us Off

$28 Billion is a pretty big war chest to try to fight! Elevation Partners had better be careful. Look at the damage done to RIMM when they did not respect existing patents.

Apple: Plenty of Questions on the Street Ahead of Earnings

Now, plenty of answers: Yes, No, Yes, No.

And, by the way, $2.56/share in non-GAAP and $31.50 cash per share on the balance sheet. Any more questions?!!

Apple: Like Starbucks and Whole Foods, A Trend That's Past Its Prime

Todd is just ahead of the curve. Really far ahead of the curve, based on today's earnings...

How the iPhone and Poor Management Contribute to Apple's Downfall

The "Apple Faithful" are a small minority of Apple's customers, and a smaller minority of Apple's shareholders. They worship Steve Jobs, who can do no wrong in their eyes. The media focuses on this.

I have owned apple products since an Apple IIe in 1984. I have been a shareholder for over 10 years. Steve Jobs makes some good decisions, has some great vision, and makes some terribly blunders. I am convinced the company will be fine without him; perhaps better, with a major ego out of the way of progress.

I am not alone with this viewpoint, but the media and some analysts continue to pretend that Jobs is the company.

The economy is in the toilet, and the toilet is about to be flushed. With or without Jobs, Apple faces some tough time ahead and this is NOT yet priced into the stock by the market. But the stock is so grossly undervalued I think that January's earnings call will spur a nice positive bounce between now and then.

With the stock at $79/share, and $29 of that as cash/share, $50 is buying a non-GAAP P/E of over $7. As companies force fewer employees to do more with less, technology benefits. A $500 iPhone is nothing, if a few of them allow a company to lay off an $80,000/yr employee. A non-GAAP multiple of 7 times trailing earnings is cheap enough for me to feel confident that I will profit in the near term.