How Apple's Market Share Will Propel Stock to $500, Part 1 [View article]
I heard the same reasonings in 2000 on Cisco when their market cap was over $400B and people were calling Cisco the 1st $1000B company in a few years. Unlike Apple, Cisco had virually no competitions in internet HW business.
I will trust Prof. Jeremy Siegel over these young stupid traders any time. How many financial history books do these SA authors read? They are just loud mouthing pos (just like Fast Money traders on CNBC).
Using SA author's method also has some flaw. If the investment is only worth $100, but over the last year, it had a loss of $200 (many companies lost more money in one year than their market cap with something such as writedown, etc. GM is an example). Does an investor lose $200 on his investment? The most he could lose is $100.
If you are not long or short this stock, why the hell you posted so many negative comments on this company? Shorts always post negative comments on a stock while claiming no postion.
On Apr 24 07:37 PM Alan Brochstein wrote:
> The Truth - > > How is it going? I typically don't "gloat", but your comments were > particularly rude. Hey, I mentioned IOM, and they FINALLY got acquired. > This is the future of SIRF. It will be acquired by someone who will > buy there technology and fire all of their workers and strip out > the cash on the balance sheet. > > As far as this 2nd miserable quarter, the inventory ROSE again - > $2.5mm sequentially and $11.5mm from a year ago despite sales being > down $38mm from a year ago and $5mm sequentially (including the acquisition!). > Guidance, not surprisingly is somewhat short of diminished expectations. > If they hit the high-end of $64mm, it will represent a decline of > $6mm. No wonder margins will be flat to lower. THEY HAVE TOO MUCH > INVENTORY. On a bright note, they did get the receivables in line. > > > For those who are attracted to this stock, invest looking ahead and > not in the rear-view mirror. The stock is broken because the company > is broken. The cash will dwindle as the losses accumulate. While > "cash" appears to have increased, keep in mind that AR came down > a lot. So did "marketable securities". The proof of the situation > is at the end of the balance sheet - Equity came down $20mm or 4% > in just 1 quarter. > > Companies in retrenchment run into trouble - their customers get > worried, their employee morale plummets. Do yourself a favor and > tread VERY cautiously here. Disclosure: No position in the stock > or any semiconductor company at this time
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On Apr 24 07:37 PM Alan Brochstein wrote:
> The Truth -
>
> How is it going? I typically don't "gloat", but your comments were
> particularly rude. Hey, I mentioned IOM, and they FINALLY got acquired.
> This is the future of SIRF. It will be acquired by someone who will
> buy there technology and fire all of their workers and strip out
> the cash on the balance sheet.
>
> As far as this 2nd miserable quarter, the inventory ROSE again -
> $2.5mm sequentially and $11.5mm from a year ago despite sales being
> down $38mm from a year ago and $5mm sequentially (including the acquisition!).
> Guidance, not surprisingly is somewhat short of diminished expectations.
> If they hit the high-end of $64mm, it will represent a decline of
> $6mm. No wonder margins will be flat to lower. THEY HAVE TOO MUCH
> INVENTORY. On a bright note, they did get the receivables in line.
>
>
> For those who are attracted to this stock, invest looking ahead and
> not in the rear-view mirror. The stock is broken because the company
> is broken. The cash will dwindle as the losses accumulate. While
> "cash" appears to have increased, keep in mind that AR came down
> a lot. So did "marketable securities". The proof of the situation
> is at the end of the balance sheet - Equity came down $20mm or 4%
> in just 1 quarter.
>
> Companies in retrenchment run into trouble - their customers get
> worried, their employee morale plummets. Do yourself a favor and
> tread VERY cautiously here. Disclosure: No position in the stock
> or any semiconductor company at this time
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