Seeking Alpha

consultnick

consultnick
Send Message
View as an RSS Feed
View consultnick's Comments BY TICKER:
Latest  |  Highest rated
  • Apple: New B8 Chip To Start A PC Revolution [View article]
    Yeah--I'm one among the masses of asses that saved money by buying a big HP Vista-powered laptop for only $1100! It has required $1400 worth of repairs--been to laptop hospital 3 times, with corresponding data devastation, nights-sweats of anxiety and grim days of painful disconnection in the 6 year interval since the purchase. Actual cost of ownership: $2500

    I have enjoyed endless intrusive and disabling Windows Updates that seem to come at super-critical times, and once lost $8,000 in a morning trade, due to an "update"! I really enjoyed that experience. It is unfathomable to me how Windows ever got such wide adoption--what a kludge......

    Back when I first bought it, at about the same time, I bought a Mac Book Pro for my son as a graduation present for $2500. It has performed flawlessly all these years, and has been toted back and forth across the country--stories it could tell--it has never failed for a second, and he has never expereinced a security breach.

    Clearly, long -term dollar cost of ownership is nearly identical--but the pure, raw and brutal suffering is incomparable--the Wintel Vista pig has made me a bald and angry old man. Never again....NEVER AGAIN...will I spend a dime on a non-Apple product!

    My Mac 2 CI--purchased in the Spring of 1989--still starts up and runs fine! It refuses to die! It still has every Word document and graphic design I ever saved in its memory, and is still able to do everything it did the day it came out of the box....and so does my Powerbook G3 and Red IMac! I've still got way too many Apple products to mention--all still work. Of course they are obsolete--like an old car--but still fun to drive!

    So this fall I'll use some of the APPL shares purchased in 1999 to buy myself a real computer again--a Mac with a big display--and a real phone for these aging eyes--an iPhone 6--and I'll plan on purchasing the wearable, too. I know it will be slick, cool, useful and do stuff undreamed-of in 1989, and some stuff I did dream about as a youthful science fiction fanatic! Who knows--it might even be able to extend users lives when teamed up with the HealthKit.

    Apple....the greatest single economic enterprise in human history....getting there by being our usability friend, and by fulfilling our dreams and sparking our imaginations. Sweet. In some respects, the future I dreamed about as a kid is even better than I dreamed!
    Sep 6 01:31 AM | 29 Likes Like |Link to Comment
  • Apple's Q3: iPhone Does Well Across Price Points; Mac Defies Shrinking PC Market [View article]
    My Mac 2CI is older than many readers of this column, and I get a huge charge out of dragging friends of my son's into my office and firing it up! It works perfectly/flawlessly, and still does everything it could do the first day it came out of the box in 1989!!

    The same is true of my Mac Powerbook G-3, and our old red gumdrop I Mac G-3.....both put into service in 1999! None of these ever required a penny of service, and there are a whole bunch of other Macs that I have since sold/donated that never required any service while we owned them for over a decade each.

    My Compaq "tower" has required 2 mother-boards for about $900 in repairs, and my HP laptop has required 3 video boards, for a total of $1400 in repairs, which has eclipsed its original purchase price of $1100!! I went with these Wintel systems because trading software was not operable on Mac systems back when.....now it is, and I swear to the gods that I will NEVER, ever, buy anything other than Apple products again! Never!

    I have purchased a trunk load of other Mac products for other members of my family (phones, pads, pods, powerbooks and I Macs) , and none have ever required any service what-so-ever.

    In the end, Apple products are far cheaper than the competition, because they require no service, and they are so far ahead of the competition, that you are years ahead even after the other guys "innovate"!

    As a far-sighted senior, this fall I will be happy to finally join the I Phone family if they do come out with the big screen, and I will also purchase a 27" I Mac. I also plan to buy a used Samsung big TV--because I gotta escape my old CRT TV and cannot wait any longer for an Apple television! But I will hook it up to an Apple TV system.....what can I say? My son is upgrading to an IPad 4, so he is going to "give me" back the IPad 2 that I bought for him years ago, and which is stillk a delight to use.

    I will have a new life, and hopefully be cruising in AAPL shares at about 120 before years end! My goal? Simple....I hope that the continued good fortune from being an Apple shareholder since 1999 will allow me to spend whatever it takes for me to eventually have whatever Apple offers....computers, phones, watches, home and health management systems for my family and their children, entertainment systems (the long-awaited 4K TV?), maybe even an Apple-enabled self-driving car someday....the sky's the limit!
    Jul 27 02:42 PM | 4 Likes Like |Link to Comment
  • U.S. judge bothered by $450M Apple settlement [View news story]
    I have never understood this case! Most especially by how Cote essentially rendered a verdict before even hearing the case! Someone out there please help me to understand how she could try the case even after exhibiting such blatant judicial prejudice. Really, really disturbing if you have followed it from the beginning. And I continue to not understand why the Apple legal team did not request a change of venue after she proclaimed their guilt before the trial!!
    Jul 26 03:54 AM | 6 Likes Like |Link to Comment
  • An Open Call To Apple Bears For Debate [View article]
    My apologies, but I cannot help myself from re-posting a comment about the importance of Michael Bear that I made a little over a week ago:

    "Michael Blair is a short, desperate and dignified bear. There is a place for him in the Apple ecological system. I picture him wandering the Apple Forest in his dinner jacket, rooting for truffles of negativity, between dives in the swamp. He is always polite, and never stoops to growling or biting. He appears to be very intelligent, and is clearly very diligent. He is a very necessary member of the ecosystem, and counterbalances "unnecessary exuberance", which without him would clearly run amok!


    But while most of the other members of the Apple Forest spend their time admiring flowers, looking up and picking juicy fruits and berries, and basking in the sunshine, Mr. Blair prefers to swim underwater and hunt for apparently very few fish....but he has an amazing capacity to hold his breath, and literally swim for years underwater (in his dinner jacket), and we are happy that he is happy doing so! One must admire such dedication.


    I would worry the day he might give up his spot/job within the Apple Forest. What would we do? He is SO predictable! Blair-watchers are used to sitting on the edges of the swamp, waiting for him to surface predictably, and he would be sorely missed if one day he didn't......" :

    Sorry--I couldn't resist.
    Jul 1 04:48 PM | 22 Likes Like |Link to Comment
  • Apple Market Share: Slip, Slipping Away [View article]
    Michael Blair is a short, desperate and dignified bear. There is a place for him in the Apple ecological system. I picture him wandering the Apple Forest in his dinner jacket, rooting for truffles of negativity, between dives in the swamp. He is always polite, and never stoops to growling or biting. He appears to be very intelligent, and is clearly very diligent. He is a very necessary member of the ecosystem, and counterbalances "unnecessary exuberance", which without him would clearly run amok!

    But while most of the other members of the Apple Forest spend their time admiring flowers, looking up and picking juicy fruits and berries, and basking in the sunshine, Mr. Blair prefers to swim underwater and hunt for apparently very few fish....but he has an amazing capacity to hold his breath, and literally swim for years underwater (in his dinner jacket), and we are happy that he is happy doing so! One must admire such dedication.

    I would worry the day he might give up his spot/job within the Apple Forest. What would we do? He is SO predictable! Blair-watchers are used to sitting on the edges of the swamp, waiting for him to surface predictably, and he would be sorely missed if one day he didn't......
    Jun 23 02:14 PM | 1 Like Like |Link to Comment
  • I Might Very Well Be Wrong About Bank Of America [View article]
    Thank you, Regarded....I always regard your articles with respect, and your having the intestinal fortitude to change your view when the facts support such a change is reason for me to regard your opinions with even more respect!

    Knowing when to turn around is the sign of real navigator, and like you, I have watched Dick Bove for years and years, and he does change his direction when the facts change--that's why I continue to pay attention to him.

    After 5 years, I finally "released" BAC last month for technical reasons, but I put those funds into FAS, and so I still participate in BAC's mini-breakout, but have spread my "faith" across a wider financial sector recovery.
    May 27 04:59 PM | 2 Likes Like |Link to Comment
  • FT: Apple working on home automation software platform [View news story]
    Good question Canadian Red Neck, however, to a degree your handle here does somewhat self-identify! You are probably sitting there in your red-checkered flannel shirt, surrounded by caribou in your stunning forest retreat, with the cozy wood stove burning in the corner. It's a good wholesome life, and you deserve it.

    But Gen's X, Y and Z + Millenials--whatever they are--be very different creatures! I have observed them up close and personal--my 30 yr old and his crowd. They would prefer that the toilet paper automatically reorder itself from Amazon, and the fridge re-stock itself--automatically! Lighting and heat are rudimentary entitlements that oughta be provided wherever and whenever they happen to be, with the utility bills automatically deducted from a bit-coin account, itself re-stocked by an automatic bit-coin miner running in the basement....or from their expected/anticipated inexhaustible inheritance!

    They would prefer "Total Automation of Everything"....not just a Smart House. They would prefer never having to break free of their immersion in their smart/snark phones, and that the entire civilization be "automated into a few keystrokes or gestures". Many will happily adapt to self-driven cars, as they will be free to dive even deeper into their smartphone/game worlds whilst commuting--if folks still bother commuting in 20 years!

    Even now, home dinners are served next to their devices, attended to with greater focus than upon the "parent-units" (their words) who lovingly prepared them, and every spare minute that does not absolutely demand their attention immediately gets spent on the smart phone, because it is the font of all good things--objects, services, communications, entertainment, finance, food, events, music....and yes....it's how they get laid! Without total engagement, they might as well be dead. Rapidly run away from one of them that has just recently lost his/.her phone!

    And you ain't seen nothin yet....wait till VR gets rebooted by Facebook/Oculus Rift, when you will come home from a hard days work to witness each family member buried within their own face-mask, each in their own private--and quite possibly pornographic--world. The best you'll be able to do is to make yourself into a pleasing and attention-getting avatar--and join their world...."Hi DAD!"

    I will be delighted to see Apple engage with this unstoppable cultural vector--it is where the power is concentrated. TOTAL AUTOMATION OF EVERYTHING is, unfortunately, inevitable. I just wanna make money from it, and am happy to see Apple playing nice with this revolution. I want them to seize initiatives in this space, and have been disgusted to see others--such as Google--jump in front first with NEST.

    However, I must trot out my favorite maxim from ancient and venerable investment sage Art Cashin:

    "It's the SECOND mouse that gets the cheese!"

    While GOOG/NEST recalls 500,000 defective thermostats that have the potential to burn your house down, Apple enters the Automation arena @ WWDC on June 2nd...Fasten your seatbelt and secure your nausea medication....it's gonna be a wild ride into Fall for the iPhone 6!
    May 26 07:44 PM | 9 Likes Like |Link to Comment
  • Why Apple Is The Perfect Stock For Anyone [View article]
    Truly an amazing effort! This is an awe-inspiring piece of work, and certainly one of the most diligent and well-written articles that I have ever seen on Seeking Alpha---on any equity issue!

    You have managed to summarize the whole story, and it is wonderful to see all of the reasons for my personal convictions regarding Apple's future laid out so concisely and so convincingly. This will leave the ever-dignified--but wrong--Michael Blair sweating in his dinner jacket, and David Trainer--with his strident call of 260--choosing between the gun, the rope or the knife.

    As a long-term--and very patient--AAPL investor....and as more and more time passes, I'm starting to feel like those Brits (Jason Kingsley) in the latest Jaguar commercial...."Oh It's good to be bad!" Apple's looking like that awesome Jaguar, that has somehow stepped out of the shadows of its former self with a powerful and thrilling vengeance. All of those Jags are already pre-sold!

    And that, precisely, is the point--Apple has always been about design elegance, power and handling....and always will be.
    May 25 02:49 AM | 14 Likes Like |Link to Comment
  • Apple Buying Beats May Have A Strong Risk/Reward Profile [View article]
    Nobody is talking about how this is an excellent strategic move....it keeps both Samsung, Google and even Facebook from snapping them up! Beats going to any of those could have been a negative for Apple....look how much "innovation mileage" and attention Google has gathered with Google glass--something most folks hate--and the attention Facebook has garnered by acquiring Occulus, with its barely-developed VR face-mask. If any of these outfits had pulled in Beats--it would have added lots of cache and "innovation attitude" to their brands.

    Gotta remember--Beats was on the block, and a deal with somebody was a certainty, with both Goldman and Carlyle pushing it, and Peter Oppenheimer--now an insider at Goldman--had to be in the loop. Apple got the jump on everybody--thank god!

    There are many subtle aspects to this deal that will unpack over time, and it'll even pay off financially in less than 3 years. Stunning move....I think Cook is making his own mark. You want innovation? You are getting astounding financial innovation, and now we see very wise marketing moves....Ahrents and Beats can transform the 478 Apple stores into the next level of experience....just wait!

    Cool has enormous power--more power than tech itself. Just look around.
    May 12 01:57 PM | 7 Likes Like |Link to Comment
  • Report: AMT looking to buy Israeli towers from Cellcom, Pelephone [View news story]
    Patience....since 2011.....has been rewarded yet again.
    May 5 06:03 PM | Likes Like |Link to Comment
  • Apple: Yes, Steve Jobs Was A Rule Breaker And A Great Leader [View article]
    AAPL hasn't seen 599 since the fall of 2012.....better get the facts straight. This smells like a thinly-veiled snark attack, and an attempt to cast aspersions on AAPL ....rather obliquely. Why else would you re-broadcast these journalistic events as significant? You are in effect re-prosecuting a dead man yourself! Just curious.....
    May 5 01:43 AM | 2 Likes Like |Link to Comment
  • Apple: Examining The Dividend Disappointment [View article]
    As usual, a nice article Bill, but gosh--here are my long-term performance statistics for AAPL, INTC, CSCO and MSFT, going back to 2002, all bought at the same time in a fit of tech madness....faith in tech's recovery from the great collapse!

    AAPL +1936.0%
    CSCO +7.7%
    INTC -5.1%
    MSFT +45.1%

    These numbers speak for themselves, and why I cannot get excited about the dividends--they are insignificant in the long-term when comparing AAPL....just icing on the "recent" cake. Of course I don't expect the same performance from AAPL in the future--but I don't see the other guys going anywhere rapidly, either! Makes me wonder about the next 12 years........
    May 5 01:31 AM | 15 Likes Like |Link to Comment
  • Apple Gaining New Institutional Stock Price Support - Implied In Past Few Days Of Market-Maker Hedging [View article]
    I really appreciate your absolutely unique and interesting article, which lifts the hood on an area of market mechanics that I knew existed--but knew absolutely nothing about! I had sensed some of the potential outcomes and internal machinations within the market that you have described here, but only from a seat-of-the-pants technical analysis point of view, and as a long-term Apple holder strapped into the roller coaster!

    You humbly identify yourself as "just the reporter here".....please report with your trenchant observations more often! For small investors like me, knowing anything is far better than knowing nothing about internal market areas somewhat off-limits and out of view. Even news that might work against my position--if coming from a reasoned perspective--can be useful, or at least helps make sense of what is going on macroscopically

    Thank You!.
    Apr 29 12:16 PM | 2 Likes Like |Link to Comment
  • Apple taps Burberry chief to head retail and online ops [View news story]
    Apple's recent hires are like the creme-de-la-creme of the fashion world, and when you realize that they must share Johnny Ive's vision or they wouldn't have been hired in the first place--you get just a tiny glimpse of a fantastic future....of a company that will create that future! This is going to be a long and inspiring ride. Cook is actively trolling the planet for its finest talents and sensibilities. That's the real R&D we should be looking at. The creative synergy potential is electrifying.
    Apr 24 02:36 AM | Likes Like |Link to Comment
  • Cook Does Icahn's Dirty Work At Apple [View article]
    Rejoice! We are back to the old days--when AAPL punished shorts! Imagine Trainer's pain as he faces the firing squad on his strident 260 price call. And Michael Blair will at least wear his dinner jacket to the party. He will leave poorer, but will retain his dignity. That's good for all. We need a dignified and eloquent bear, in order to prevent irrational exuberance. Blair fills that role nicely. Acs is simply wrong and irrational, and therefore irrelevant....as this piece demonstrates.

    The short squeeze should be awful, as the world wakes up to a 40 point increase tomorrow. What would you do if you were short, and facing a blow-out quarter, dividend increase, buy-back increase, stock split down to more accessible levels, and new known and probably new unknown products being stuffed into the cannon.......? Time to die.......
    Apr 24 01:55 AM | 6 Likes Like |Link to Comment
COMMENTS STATS
184 Comments
692 Likes