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The Fox
4 Comments
Skechers: Ignoring Obvious Value
Get a clue. Just because a couple of old geezers buy some CROXs doesn't mean they are a viable company. Yes, they are a fad. Check the stock price out!!! It has fallen to $4 per share and is on its way to zero. Do you get it? When a company trades at zero it is out-of-business.
Steve Jobs' Health: A Red Herring
Face it- you got caught on the wrong side of the trade. I am short AAPL so I am feeling pretty blessed now. Additionally, don't think AAPL is the only company to get punished on good earnings. RIMM's earnings growth made AAPL look weak (107% year over year growth) and it still sold off. We are in a bear market. Stocks are to be shorted unless they are energy or commodities related. Why people don't see this is beyond me.
Apple Investors Were Pinned on Friday
Also, in regards to RIMM...look at valuation. AAPL may be the "better" company, but RIMM sports a PEG of .86 to AAPL's 1.24. Big difference. Additionally, an telecom analyst (don't remember which) came out on Friday and stated that the G3 iPhone had ZERO impact on Blackberry sales last week. Whether that is true or not is anyone's guess. The point is that RIMM is cheaper and its business has not been effected (according to this analyst) by the new release (yet).
If the $6.00 drop on Friday bothered you...wait until after earnings. You are going to have your head handed to you. AAPL is priced for perfection and this whole "conservative guidance" going forward BS is going to bite them in the ass. The street is looking for $1.08. The "whisper number" is $1.12. God help them if them come in lower than that. Investors will get it even worse if AAPL doesn't raise year end numbers considerably OR they state that iPhone sales will start to cannibalize iPod sales. Look out below if the conference call isn't perfect news going forward. If you don't believe me then look at RIMM. They reported 107% year over year EPS growth and got hammered.
Disclosure: No current position in AAPL or RIMM
Four Stocks That Are Working and Oil Cost in a Working Person's Terms