Seeking Alpha

215304

215304
Send Message
View 215304's Comments BY TICKER:
  • Apple: Different Quarter, Same Prognosis [View article]
    "And about $300/share overpriced. TC too smart to buy this dog. "

    GRJ, bullseye. NFLX is in serious bubble territory at these levels, buying it would be a horrible waste of money.
    Mar 26, 2014. 10:45 AM | 5 Likes Like |Link to Comment
  • Why Apple Stock Is A Long-Term Investment Opportunity Right Now [View article]
    "Apple stock is ranked sixth among S&P 500 companies according to Portfolio123's powerful ranking system "All-Stars: Buffett". This ranking system is based on investing principles of the well-known investor Warren Buffett, and 15-years back-test has proved that this ranking system is extremely useful."

    And yet Apple is selling at a significant (50%) discount to the average P/E of the S&P 500. As of today Apple's P/E is 13.52 (much lower if you count the cash); the S&P 500 average P/E is 19.77, the mean P/E is 15.51, and the median P/E is 14.53. So Apple is in the bottom half of the S&P 500 from a P/E perspective. This leaves no doubt that Apple is a screaming buy at it's current price.
    Mar 25, 2014. 04:45 PM | 13 Likes Like |Link to Comment
  • Mapping Out Apple's Content Distribution Opportunity [View article]
    "Finally, with US440b in cash and short-term securities, an increase in dividend payout could attract investors that are looking for long-term yield. The current 2.4% dividend yield can hardly act as a catalyst, in my view."

    I think you meant US140b. Regarding your view that "At 12x FY14 P/E, the stock looks expensive given its 6% revenue growth and 8% EPS growth.", I find it difficult to perceive the notion that Apple is expensive when it is selling at a significant (over 50%) discount to the average P/E of the S&P 500. As of today the S&P 500 average P/E is 19.78, the mean P/E is 15.51, and the median P/E is 14.53.
    Mar 21, 2014. 05:31 PM | 9 Likes Like |Link to Comment
  • Apple's Future: iPhone Replacements? [View article]
    garysund, I'm in the same boat as you and most of my friends are as well. My At&T contract ends this summer and I'll definitely wait for the iPhone 6 and get it. I've upgraded my iPhone every two years (trading in or selling the old phone) and will continue to do so, the great resale value of iPhones makes replacement easy and inexpensive. When you consider the growing population of iPhone users that comprise a great iPhone replacement market with the large population of Android big screen users that may jump ship for a bigger screen iPhone, I believe the stage is being set for huge iPhone 6 and then iPhone 6S sales over the next couple of years.
    Mar 16, 2014. 03:59 PM | 4 Likes Like |Link to Comment
  • Apple Significantly Undervalued Compared To Google [View article]
    "I have been in the tech industry for decades and can't remember any company being as hyped up as Google."

    Gary, I agree with the fact that Google is incredibly hyped, but one other company that's over hyped at least as much is Amazon. Amazon barely makes any money at all and yet is valued at about half of Google and over a third of Apple. Yet last quarter Apple earned about 7 times the money that Amazon has earned in its entire history. Think about that. Amazon's free cash flow is a fantasy garnered by paying it's suppliers over 70 days out. Look at the hype that was given to that stupid drone idea and now the media is hyping a possible Amazon set top box and a possible smart phone. Apple has the most substance, solid earnings, balance sheet, pays a handsome dividend-Google and Amazon have the hype and love from Wall St. and the valuations to prove it.
    Mar 5, 2014. 11:23 AM | 15 Likes Like |Link to Comment
  • Will Apple Emulate Gold's Plunge? [View article]
    "WILL APPLE EMULATE THE DECLINE OF THE GLACIERS?" will be the title of my first article. Brief summary: glaciers once dominated the earth, but they eventually started to recede and melt away. Similarly, Apple dominates the high end of the smart phone, PC, and tablet markets on earth. Will Apple eventually recede, melt away, and become nothing but an occasional tourist photo opportunity like glaciers are today? I'm gathering my data and will publish soon :)
    Feb 11, 2014. 11:22 AM | 8 Likes Like |Link to Comment
  • Apple: Buy The Dip And Go Long The 2014 Product Cycle [View article]
    GRJ, I agree with you completely, especially when you consider NFLX's currently incredibly inflated valuation. Apple would have to buy at a premium to that inflated valuation making it even more inflated. NFLX is a bubble.
    Feb 3, 2014. 12:09 PM | 2 Likes Like |Link to Comment
  • Apple's Intrinsic Value And The Market's Irrational Valuation [View article]
    risleuf, another way of looking at it is Amazon's market capitalization of $185 billion is about 40% of Apple's market cap of $450 billion (figures are as of the close on 30 Jan). If someone had $185 billion to spend would they rather own all of Amazon or 40% of Apple? Given Apple's earnings and the fact that Apple's valuation includes $150 billion in cash only a crazy person would opt to own all of Amazon vs. 40% of Apple.
    Jan 30, 2014. 08:33 PM | 7 Likes Like |Link to Comment
  • The Reason Apple Matters [View article]
    If Apple had missed it's own guidance I could understand a 10% hit, but it didn't. What I find astounding is that Apple was in the high end of it's guidance beating on earnings, adding $12 billion in cash to it's coffers, beating on revenue, had earnings and revenue that were better than any company other than Exxon in the entire history of Wall St., reported slightly poor guidance and was hammered better than 10% as of today. Why? Because the analysts/investment houses were wrong and set THEIR expectations too high. So Apple and it's shareholders get beaten up because the analysts/investment houses are incompetent. These are the same guys that conveniently "forgot" about the extra week factor last year which resulted in THEIR disappointment with the year over year earnings/revenue comparison.
    Jan 29, 2014. 03:41 PM | 8 Likes Like |Link to Comment
  • Apple: Cheap iPhone Now Appears A Certainty [View article]
    Apple's $13 billion for the quarter is over 6 times Amazon's LIFETIME earnings. It amazes me that Amazon last quarter missed on earnings, missed on revenue provided disappointing guidance for the Christmas quarter, and moved up 8% the next day in response. Apple beats on earnings, beats on revenues, provides slightly disappointing guidance, and gets hammered 8%. Apple is making money hand over fist today, pays a handsome dividend, and has the best balance sheet on Wall St., but Wall St. prefers Amazon because someday it might make real money, maybe, hopefully, possibly.
    Jan 28, 2014. 08:54 PM | 26 Likes Like |Link to Comment
  • Apple's Declining Advantage Is Undeniable [View article]
    Waverider, I have IOS 7 on three devices and Mavericks on 2 computers, all 5 are used every day, have not had a single crash. None of my friends have experienced crashes on their Apple products either. Are your IOS 7 devices jailbroken? Are you running any computers with less than 4 GB of RAM?
    Jan 24, 2014. 10:16 AM | 12 Likes Like |Link to Comment
  • Amazon Kindle Is No Apple iPad Killer [View article]
    dbt01, I've had iPads for a few years and I have iMac desktops as well. I actually use my iMacs more than my iPads, I'm doing this on my 27" iMac with a fusion drive. I find it easier to do web searches and multitasking on my iMac, to pay bills, to perform substantive tasks. I use my iPad every day but primarily while in bed or at the dining room table or when traveling and primarily to do less intensive tasks like checking email, Zite, etc. Both have their place, I will never be without a desktop and most of my friends/colleagues also have desktops or laptops at home as well as iPads.
    Jan 15, 2014. 11:09 AM | 3 Likes Like |Link to Comment
  • Apple's A8 -- What It Will Be And Why It Matters [View article]
    J.M., great article, I believe you're probably pretty much on target. Apple would like to distance itself from the partnership with Samsung given the tension in the relationship and a move to TSMC for the A8 would be a major step in that direction. It would also hit Samsung where it hurts-the bottom line. That makes it a win-win for TSMC and Apple and sends Samsung a long overdue message. Regards.
    Jan 10, 2014. 07:49 PM | 1 Like Like |Link to Comment
  • The Achilles' Heel Of Apple Is Its Recalcitrant High-Margin Policy [View article]
    Asa, fed up with constant crashes of my PC, I bought my first Apple product, an iMac, in 2008. The user experience was so incredible compared to what I had been used to that I subsequently bought an iPhone 3GS and then an iPad 2. I've since bought other iPhones, iPads, and last year a 27 " iMac with a fusion drive. I became an Apple customer (iSheep according to Mr. Alcarez) because I like my products to work and work well. None of my Apple devices have EVER crashed. I'll continue to buy Apple products because they are great values and the user experience is incredible.
    Jan 7, 2014. 11:06 AM | 4 Likes Like |Link to Comment
  • 2014 May Be The Year To Short Apple [View article]
    "I believe Apple shares are vulnerable because the company's financial performance is highly dependent on iPhones sales in a market that is maturing and where Apple has been losing market share."

    Wrong. Apple is gaining market share in the high end of the smartphone market, the portion of the smartphone market that Apple competes in and the portion of the smartphone market where the profits (financial performance to use your term) are. Apple does not compete in the low end of the smartphone market, just as Porsche and BMW do not compete in the low end of the automobile market against Ford and Kia. Lumping all smartphones into a single market is ignorant and immature, yet some analysts choose to do it to draw intentionally incorrect and negative views regarding Apple's performance. Let's have some intellectual honesty when reporting on this matter.
    Dec 30, 2013. 11:01 AM | Likes Like |Link to Comment
More on AAPL by 215304
COMMENTS STATS
686 Comments
1,823 Likes