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  • 3 Signs Apple Is Topping [View article]
    The Independent Investor, here's what you wrote on Oct 16, 2011 in a previous article on Apple:

    "Given that many fairly well run and much smaller large cap industrials like Boeing (BA), Deere (DE), and Cummins (CMI), are trading at lower valuations despite likely having equal to greater long-term growth rates and much smaller market caps, I think the best value in the market today is not in Apple. While no one deserves more credit than Steve Jobs for building a great company and making more shareholders rich than nearly any other CEO, every growth stock reaches its peak. With Apple's (AAPL) market cap at nearly $400 billion and the founder having recently passed, it's worth asking if the best years are likely behind this stock."

    On October 16, 2011 Apple was at $422 a share. It has since climbed over 60%. You were wrong then, you are wrong now. Apple's best days are yet to come.
    Sep 18, 2012. 10:42 AM | 5 Likes Like |Link to Comment
  • Things Left Unsaid At The Apple Announcement: More Significant Than What Was Revealed [View article]
    genserach2, bottom line, user experience beats specs every time.
    Sep 16, 2012. 12:40 PM | 2 Likes Like |Link to Comment
  • Things Left Unsaid At The Apple Announcement: More Significant Than What Was Revealed [View article]
    Announcements made in the last quarter indicate that both China Unicom and China Telecom gained significant customers at the expense of China Mobile. It appears that these gains were directly related to customers seeking the iPhone. With the iPhone 5 ready to move into the country China Mobile will feel pressure to cut a deal with Apple to stem the loss of customers to its two competitors. Apple is in the drivers seat.
    Sep 14, 2012. 08:10 AM | 2 Likes Like |Link to Comment
  • Apple: Take The Money And Run [View article]
    Richbar, for the last several years the projections for Apple's earnings for the following year have generally been around 18 per cent. Analysts keep assuming that Apple's earnings growth can't continue at its torrid pace. For several years in a row the analysts have been wrong. I think the 13 per cent estimate for next year will be proven to be wrong by a large margin. I'm guessing Apple will easily achieve 40 per cent growth next year largely on the back of the iPhone 5.

    It's interesting that for several years in a row the exact opposite has happened regarding Amazon. Analysts projections for the next years earnings have been consistently over optimistic and Amazon ended up underperforming significantly.
    Sep 7, 2012. 10:40 PM | 7 Likes Like |Link to Comment
  • Why Apple's Valuation On An Ex-Cash Basis Is A Bit Misleading For Potential Investors [View article]
    The author totally dismisses the incredible flexibility a large cash war chest provides-the ability to make a cash acquisition that might present itself, the ability to weather an economic downturn without borrowing, the ability to profit from an increase in interest rates as opposed to paying higher interest costs, and the ability to raise the dividend are just a few examples. This reminds me of something I learned in Kindergarten-more money is a good thing. Not very complicated.
    Sep 3, 2012. 10:34 AM | 4 Likes Like |Link to Comment
  • Harvest Your Apples, Winter Is Coming [View article]
    FlashJ, I agree completely, see my post below.
    Aug 28, 2012. 05:00 PM | Likes Like |Link to Comment
  • Harvest Your Apples, Winter Is Coming [View article]
    I guess I'm boring and old fashioned-I'm an investor not a trader. I'm long since $94 a few years ago and see no point in taking anything off the table until there's a clear indication that Apple has lost it's MOJO. To the contrary, with the iPhone 5 and mini-iPad coming out in the next month Apple is reinforcing its leadership position in mobile computing. Apple is making me more money than any investment I have ever made and it's future looks pretty good for at least the next year or two. My table is staying covered with Apples for the time being.
    Aug 28, 2012. 04:59 PM | 1 Like Like |Link to Comment
  • Apple: Too Far Too Fast, Again [View article]
    "Apple bulls (which I happen to be) will say it has only been a 7% increase, and stocks can rise by 7% in one day for crying out loud. This would be true, and Apple HAS risen by more than that in one day, but given some of the issues that Apple has faced in the last few weeks, any prudent investor should be saying "hey, wait a second".

    Apple is up over $10 in the aftermarket because of the Samsung verdict. But if you think Apple's 7% move in a few weeks is too aggressive based on the pertinent news what do you think of Amazon's 8% bump the day after they reported totally bad news this past quarter. An 8% bump in one day after reporting a miss in earnings (only $.01 against an expected $.02)-90 days earlier they were expected to earn $.20, and they lowered guidance for the current quarter and they announced they actually expected to report a loss in the current quarter. All horrible news, no good news. Market reaction, up 8% in one day! And now Amazon is testing it's all time highs. Apple's 7% move in a few weeks is insignificant in comparison especially when you consider Apple's P/E is still lower than the S&P 500 average P/E and it's PEG is under .7, and it has all but confirmed that a mini iPad will be announced in the next couple of months along with the iPhone 5, new iPods, and probably new iMacs. Even with the 7% bump Apple is still hugely undervalued IMO.
    Aug 24, 2012. 10:26 PM | 2 Likes Like |Link to Comment
  • Understanding Why I Was So Wrong About Apple [View article]
    I was a devout Microsoft user/customer until 2008. That's when I took the plunge and decided to purchase an iMac. I was tired of frequent crashes and losing internet connections on my PC and calling geek friends who would input obscure DOS commands into my machine and get me back up and running. It took me a little while to get used to the Mac OS, but I picked it up in short order. In the last 4 years my iMac has not crashed once and has not lost it's internet connection due to a computer issue. My experience led me to investing in Apple ($94 a share) and eventually buying an iPhone 3Gs and subsequently upgrading to an iPhone 4s. Then I bought an iPad2. They all work together seamlessly and plug away without a hitch. I don't even consider non Apple cell phones, tablets, or computers now and I don't think I'm alone. The user experience trumps "specs" every time in my opinion; Apple has been able to achieve this level of excellence by building the hardware and software and providing outstanding customer service. Other companies can learn something from this. I think Apple products are selling at an accelerating rate and their customer base is growing primarily because of the user experience and Apple stock will continue it's positive momentum for some time to come.
    Aug 23, 2012. 07:25 PM | 9 Likes Like |Link to Comment
  • Beware Apple's Concentration And Margin Risk [View article]
    Apple's retail stores are the #1 most profitable stores per square foot of all retailers in the world, even more profitable than Tiffany's. As a stock holder I want to see more Apple stores, especially in China. They're a great value and a huge success.
    Jul 5, 2012. 12:17 PM | 6 Likes Like |Link to Comment
  • Apple And The Cult Of The Greater Good [View article]
    Apple has a cult following no doubt, but it also has a following nby a lot of people like me who never had an Apple device until a few years ago and have become Apple lovers because of the great experience they had. My first Apple device was an iMac in 2008. Until that time I was a dedicated Microsoft user. I was frustrated with constant crashes and losing my Internet connection and calling geek friends for help, so I bit the bullet and bought an iMac. There was a bit of a learning curve, but in 4 years I have not had a single crash and never lost my Internet connection due to a computer issue. The experience was so good that I bought an iPhone 3Gs and have since upgraded to a 4s. I then bought an iPad 2. So does this make me a member of a cult, or a smart consumer that appreciates quality and ease of use? Whatever it makes me, I'm not alone and there's a growing population of Apple customers who like me became Apple customers fairly recently because they were frustrated with Microsoft. My experience with Apple has been one of the best of any consumer company that I have ever done business with.
    Jul 1, 2012. 12:09 PM | 2 Likes Like |Link to Comment
  • Apple And The Cult Of The Greater Good [View article]
    "Now here's the irony. Last year, CEO Tim Cook received -- again, wait for it -- a stock grant totaling $570 million at today's share prices. No, that's not a typo. 570 million."

    Skyler, no, he didn't receive a stock grant. This was a retainer package in the form of restricted stock options to vest in 2016 and 2021. So if he leaves the company before 2016 he gets nothing, ZERO. Restricted stock options are a far cry from a "grant".
    Jun 28, 2012. 10:33 AM | 2 Likes Like |Link to Comment
  • A Fall iPhone Release May Not Be A Bad Thing For Carriers Or Apple [View article]
    "As investors read warnings that Apple may be hurt if carriers discontinue subsidies, they may want to consider the potential benefits Apple creates for carriers. "

    Carriers who want to do business with Apple and carry the iPhone cannot just unilaterally decide to stop paying subsidies. Apple is in the drivers seat. The iPhone is the most popular smart phone out there and has incredible customer satisfaction and minimal churning compared to other phones. Any carrier that decides to discontinue subsidies would be dumped by Apple in a heart beat. That carrier would then lose most of it's iPhone customers to other carriers. End of story.
    Jun 15, 2012. 05:52 PM | 2 Likes Like |Link to Comment
  • 5 Reasons Apple Is A Bad Bet [View article]
    musiccomposer, I respectfully disagree. Your rating of 0 is too high.
    Jun 2, 2012. 10:46 AM | 1 Like Like |Link to Comment
  • Why Apple's Book Value Is Irrelevant [View article]
    There's no better proof that using the price to book ratio to make investment decisions is crazy than to compare Apple at a little over 5 with RIMM which is much lower at .35. Using price to book ratio as your decision making criteria RIMM looks like a much better investment. Who in their right mind would rather own RIMM than Apple?
    May 30, 2012. 10:14 AM | 1 Like Like |Link to Comment
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