rip's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/133842/comments http://seekingalpha.com/article/177220-apple-overvalued-here-s-what-else-you-can-get-for-the-price?source=feed#comment-800198 800198
Having said that, I happen to think Apple at its current price is fairly valued, as it has a massive cash position, zero debt, and should grow earnings another 20%+ in the next 12 months. I just think that future upside beyond 12 months is limited. I see Apple hitting 230-250 in 2010 and I will likely be selling then. Not because I don't like the company and its products, but because at that point, there will be a lot of small-mid cap companies will far better growth potential. In other words, I'll be moving my money into companies that can be the NEXT Apple. I'm not interested in an Apple that acts like IBM or Microsoft stock.


On Dec 09 04:39 PM The Lonely Value Investor wrote:

> How can I be an Apple hater if I have owned the stock in the past?
>
>
> Yes, I sold it and did very well with it. Thank you for asking.
>
>
> Your logic stinks. I can like the company and still think it is
> overvalued. I did sell at a lower price than the current stock price.
> Does that make my analysis wrong? Plenty of stocks get bid to the
> moon without any fundamental reason behind it.
>
> Apple has done an amazing job. I just think the current valuation
> predicates a very certain view of the future. Current Apple investors
> are more sanguine than I am that AAPL's performance is sustainable.
>
>
> The current valuation implies that recent performance with continue
> forever. I'm not taking that bet. Especially on a company that was
> thought to be near death within the last 8 years. Ironically, I
> bought it then. And that makes me a "hater"... funny.
>
> No I like Apple... don't love it. And I don't like it as an investment
> AT THIS PRICE.
>
> Ever ask yourself what will happen to Apple stock if (or rather when)
> Jobs dies? How much of the company's innovation is directly attributable
> to him?
>
> What value do you put on AAPL? Would it be overvalued at $300 billion,
> $500 billion, $1 trillion? Using the logic here, any price is worth
> paying for Apple. I disagree. Even great companies can get overvalued.
>
>
> This is not a question of whether or not Apple is a good company,
> but rather its a question of price and sustainability. The sustainability
> issue is precisely why Buffett does not own tech companies. Do you
> know what Apple will look like 20 years from now? 100 years? Will
> they even exist? Who knows.
>
> I think the JNJ vs. Apple comparison is one people should think about.
> Instead, it's easier to shoot insults through cyberspace. Sad.]]> Thu, 10 Dec 2009 13:48:36 -0500
Having said that, I happen to think Apple at its current price is fairly valued, as it has a massive cash position, zero debt, and should grow earnings another 20%+ in the next 12 months. I just think that future upside beyond 12 months is limited. I see Apple hitting 230-250 in 2010 and I will likely be selling then. Not because I don't like the company and its products, but because at that point, there will be a lot of small-mid cap companies will far better growth potential. In other words, I'll be moving my money into companies that can be the NEXT Apple. I'm not interested in an Apple that acts like IBM or Microsoft stock.


On Dec 09 04:39 PM The Lonely Value Investor wrote:

> How can I be an Apple hater if I have owned the stock in the past?
>
>
> Yes, I sold it and did very well with it. Thank you for asking.
>
>
> Your logic stinks. I can like the company and still think it is
> overvalued. I did sell at a lower price than the current stock price.
> Does that make my analysis wrong? Plenty of stocks get bid to the
> moon without any fundamental reason behind it.
>
> Apple has done an amazing job. I just think the current valuation
> predicates a very certain view of the future. Current Apple investors
> are more sanguine than I am that AAPL's performance is sustainable.
>
>
> The current valuation implies that recent performance with continue
> forever. I'm not taking that bet. Especially on a company that was
> thought to be near death within the last 8 years. Ironically, I
> bought it then. And that makes me a "hater"... funny.
>
> No I like Apple... don't love it. And I don't like it as an investment
> AT THIS PRICE.
>
> Ever ask yourself what will happen to Apple stock if (or rather when)
> Jobs dies? How much of the company's innovation is directly attributable
> to him?
>
> What value do you put on AAPL? Would it be overvalued at $300 billion,
> $500 billion, $1 trillion? Using the logic here, any price is worth
> paying for Apple. I disagree. Even great companies can get overvalued.
>
>
> This is not a question of whether or not Apple is a good company,
> but rather its a question of price and sustainability. The sustainability
> issue is precisely why Buffett does not own tech companies. Do you
> know what Apple will look like 20 years from now? 100 years? Will
> they even exist? Who knows.
>
> I think the JNJ vs. Apple comparison is one people should think about.
> Instead, it's easier to shoot insults through cyberspace. Sad.]]> http://seekingalpha.com/article/155447-microsoft-can-the-zune-hd-take-down-the-king?source=feed#comment-625267 625267

On Aug 11 01:14 PM jack dee wrote:

> .
>
> If MSFT launched a laptop fully loaded with free smartphone that
> made free calls worldwide and came with a $1,000 voucher to feed
> the third world. All for $49.99, tech crunch would still hate it.
> Somehow the color would not be right, maybe a button would feel
> "cheap", or it would just plain be uncool.
>
> After all , MSFT is not a valley company.]]> Tue, 11 Aug 2009 13:53:43 -0400

On Aug 11 01:14 PM jack dee wrote:

> .
>
> If MSFT launched a laptop fully loaded with free smartphone that
> made free calls worldwide and came with a $1,000 voucher to feed
> the third world. All for $49.99, tech crunch would still hate it.
> Somehow the color would not be right, maybe a button would feel
> "cheap", or it would just plain be uncool.
>
> After all , MSFT is not a valley company.]]> http://seekingalpha.com/article/98629-cash-position-best-for-apple-investor?source=feed#comment-274896 274896
The economy might be tanking, but the customer base of Apple: wealthy, educated, and employable. Students will still buy computers. Households will cut back on other things, not computers. Computers are now a must have item. Along with cell phones.

I'll be adding to my Apple position. In fact, I'm getting ready to pull a John Templeton. ]]> Mon, 06 Oct 2008 13:51:02 -0400
The economy might be tanking, but the customer base of Apple: wealthy, educated, and employable. Students will still buy computers. Households will cut back on other things, not computers. Computers are now a must have item. Along with cell phones.

I'll be adding to my Apple position. In fact, I'm getting ready to pull a John Templeton. ]]> http://seekingalpha.com/article/80673-3g-iphone-what-has-apple-got-against-cameras?source=feed#comment-182701 182701
BLAME THE CELL PHONE CARRIERS. The US cell phone carriers refuse to sell phones with >2MP cameras. Period. They do not want the bandwidth usage.

That is why the iPhone, and every other phone in the US, is stuck with pathetic 2mp cameras. Even though the rest of the world is far past 2mp. You can't even buy a Sony K-line phone here. Or a high end Samsung or Nokia unless it is unlocked.

WHY DOES NO ONE KNOW OR UNDERSTAND THIS?]]> Tue, 10 Jun 2008 14:10:10 -0400
BLAME THE CELL PHONE CARRIERS. The US cell phone carriers refuse to sell phones with >2MP cameras. Period. They do not want the bandwidth usage.

That is why the iPhone, and every other phone in the US, is stuck with pathetic 2mp cameras. Even though the rest of the world is far past 2mp. You can't even buy a Sony K-line phone here. Or a high end Samsung or Nokia unless it is unlocked.

WHY DOES NO ONE KNOW OR UNDERSTAND THIS?]]> http://seekingalpha.com/article/74801-apple-customers-actually-come-first?source=feed#comment-159580 159580
What is it? To attempt to create the best product possible in an attempt to actually improve a customer's quality of life. Apple actually attempts to create products that will change the world. While many companies pay lip service to this, Apple actually executes. They take an idea or product and continually refine it, until it is the best that they think they can do. In other words, they sweat the details.

Another fundamental philosophy at Apple is that humans actually sit at the top of the pyramid. In other words, Apple believes that technology should be adapted to work the way humans think they should work. Companies like Microsoft, on the other hand, seem to elevate technology above people, instead creating technology that requires humans to adapt to it. The result, Apple creates intuitive products and Microsoft creates unintuitive or counter-intuitive products.

Apple would create a hammer that looks like a hammer. It's method of use would be instantly obvious.

Microsoft would create a hammer that is equally useful, if not more, but would require a manual and training to figure out how to use it. ]]> Wed, 30 Apr 2008 15:21:06 -0400
What is it? To attempt to create the best product possible in an attempt to actually improve a customer's quality of life. Apple actually attempts to create products that will change the world. While many companies pay lip service to this, Apple actually executes. They take an idea or product and continually refine it, until it is the best that they think they can do. In other words, they sweat the details.

Another fundamental philosophy at Apple is that humans actually sit at the top of the pyramid. In other words, Apple believes that technology should be adapted to work the way humans think they should work. Companies like Microsoft, on the other hand, seem to elevate technology above people, instead creating technology that requires humans to adapt to it. The result, Apple creates intuitive products and Microsoft creates unintuitive or counter-intuitive products.

Apple would create a hammer that looks like a hammer. It's method of use would be instantly obvious.

Microsoft would create a hammer that is equally useful, if not more, but would require a manual and training to figure out how to use it. ]]> http://seekingalpha.com/article/46101-enough-with-the-blame-its-time-fo-find-a-solution-to-the-rating-agencies-problems?source=feed#comment-107070 107070
How are you still employed?]]> Thu, 27 Dec 2007 13:57:09 -0500
How are you still employed?]]>