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  • Reports: Google selling Motorola phone unit to Lenovo [View news story]
    Hilarious. Google loses 10Bn on Motorola sale and it goes up $25! Good move for Android's future.
    Jan 29 04:50 PM | 3 Likes Like |Link to Comment
  • There Is Still Time To Short Apple [View article]
    That was a germane observation, not a recommendation.
    Jan 29 10:46 AM | 1 Like Like |Link to Comment
  • There Is Still Time To Short Apple [View article]
    Apple's stock is holding up beautifully compared to last year! Apple made the same net profit this year and last--13.1Bn. They guided to roughly the same as last year. Last year the stock dropped to the $430s! So, we are holding $60s higher on the same numbers. The buyback has helped, as has the overall market.
    Jan 29 10:36 AM | Likes Like |Link to Comment
  • Moore's Law, Not Apple, Is Driving The Mobile Market [View article]
    I think it is dangerous to pile up hundreds of billions in assets invested in US Treasuries yielding nothing when the dividend is likely higher. Buying back the stock is a great use of the money. If they were reducing the cash dramatically they might be increasing risk, but Apple still has 155Bn sitting there doing next to nothing! <<>>Great article, Ed. I think Apple is still trying to figure it all out. What they are really scared of, imho, is a cheaper phone stealing sales from the more expensive phones and thus hurting margins. Last year the iP4 did that against the 5. This year the opposite happened, with the 5C getting clobbered by the 5S. Both were misjudged very badly by Apple management. It is a balancing act, and it is very, very tough to figure out. If they had priced the 5C $150 less, then they would have sold more, but would it have been enough to make up for the lost profit? I think they could extend the older phones down into the lower price points, or roll phones out faster, so they can have a wider feature set, and a wider price range. They definitely need to go after the low priced, EM customers.
    Jan 29 07:04 AM | Likes Like |Link to Comment
  • Apple: Don't Panic, This Is An Opportunity [View article]
    The only thing I would add is to remember these results were in the best of times. Two new phones, a great new iPad Air, the long awaited mini retina, etc. Mobile World is coming in days, Intel is rolling out their SOC and ASUS is making phones with them, Samsung is finishing the new Galaxy, and everybody is making new tablets. This is going to be a battle for Apple. They make the best consumer electronics in the world, but even they will be challenged. The good news is that Apple is very cheap, so the discount puts a downside limit imo. I don't expect us to get back to '13 lows, but the $400s are very possible. Last night we made it to $500 and change! GLTA.
    Jan 28 08:34 AM | Likes Like |Link to Comment
  • Apple beats estimates, but guidance disappoints [View news story]
    JJ, thx for the kind words. I am wrong plenty, though. I have been thinking about doing an instablog on some off the wall ideas for '14. I'll promote it if I get it done. Believe it or not, my biggest long position, which I have owned for years, is CBI. Their business is more boring than watching paint dry, though, and I don't think I have ever written a word about it. They have also run pretty hard already. I like CHL, and if we get a China meltdown I will add to my position. Apple's interest in them got me started reading about CHL, and the more I study them, the more I like China Mobile. The bullish thesis is predicated on TD-LTE working. If it doesn't work, I will strongly reconsider. I actually like some of the airlines and have had a good run with AAL and HA, but I won't steal my own thunder for my article. Good luck!
    Jan 27 09:46 PM | Likes Like |Link to Comment
  • I Hit Apple's Last Two Quarters EPS Results: Here Are My December Quarter Projections [View article]
    bear, I think the big issue was North American sales dropping YOY. VZ was a good proxy in hindsight. That is a sea change. I suspect Amazon and Google have finally gotten some traction by giving away hardware to draw people into their ecosystems. Google is crushing Samsung and many of their partners by giving away Moto Gs for $179 and Moto Xs for $375, but they are likely affecting IOS sales some, too. Apple is in a real fight here.
    Jan 27 09:13 PM | Likes Like |Link to Comment
  • Gold Has Found Its Bottom, Is $2000 Possible This Year? [View article]
    Dave, the article you wrote with Mr. Roberts was one of the best I have ever read. I am surprised at your conclusions here after reading it! The problem with investing in gold is that it is highly manipulated by entities than can create money with a few keystrokes. In fact, I would argue that gold would have been a lot higher in decades past if it weren't for its powerful enemies. Gold is like a rival suitor seeking the affection and trust of peoples' monetary hearts, and the central banks are jealous for their own paper currencies. Therefore, gold must be crippled. This is a rigged game, and I would be very careful playing it. It is like trying to play a ball game and half way in you realize the refs are payed by the other team.
    Jan 27 08:21 PM | 1 Like Like |Link to Comment
  • Apple suppliers, Nasdaq futures sell off AH [View news story]
    I took some profits because I was afraid Apple might drag them down. I think we should have read the PR today as a statement for diversifying their business base. Might jump back in if it drops irresistibly.
    Jan 27 08:02 PM | 1 Like Like |Link to Comment
  • Apple beats estimates, but guidance disappoints [View news story]
    Thx, David, and JG I agree. The questions are when and what? He has been talking about some of these products for years, so if he is talking about a new watch in 9 months, I'm a little concerned about the stock and numbers. Apple will continue to survive and thrive, whether it is in a smaller premium niche, or it stays mainstream...we will see.
    Jan 27 07:53 PM | Likes Like |Link to Comment
  • Apple beats estimates, but guidance disappoints [View news story]
    Pip, they are in the guidance for this quarter, not the results from last quarter. You need to carefully read what I said.
    Jan 27 05:22 PM | 1 Like Like |Link to Comment
  • Apple beats estimates, but guidance disappoints [View news story]
    The numbers are very similar to last year. They beat by a bit and guided a bit lower than expected. The price was in the low 500s and it dropped to the high 430s within days. I expect it to get into the 400s soon, but the market is a lot higher and multiples are higher, so maybe it stabilizes. We will see. Unfortunately, the next few months have been tough since Apple has rolled out the kitchen sink at the end of the year. They need new product categories to bring some animal spirits back imo. The current product lineup appears to have reached orbit and staying in orbit isn't a given. GLTA.
    Jan 27 05:14 PM | 1 Like Like |Link to Comment
  • Apple beats estimates, but guidance disappoints [View news story]
    YHOO has 46 and change, Mark. Not sure who is right on that.
    Jan 27 05:07 PM | Likes Like |Link to Comment
  • Apple goes green on report of larger iPhones, Icahn buying [View news story]
    Looks like taking some profits was a great idea, Scott! If we get a big reaction into the 400s you can recycle, but watch the wash rules. Good luck!
    Jan 27 05:06 PM | Likes Like |Link to Comment
  • Apple beats estimates, but guidance disappoints [View news story]
    mad, analysts expected guidance of 46+; Apple guided 42-44. They produced 43.6 last year in Q2, so guidance is about flat at best despite having CHL in the mix this year. Ex CHL, guidance likely would have been lower this year. Apple is still a great company, but the deafening roar of "Apple's growth is behind them" appears to be correct for the current product lineup.
    Jan 27 04:50 PM | 10 Likes Like |Link to Comment
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