Barquish

Apple Math: Market Share over Margins

While I have no argument with your math, I do have an issue over consumer sentiment. 58 million iPhones by December 2009 is optimistic. There is also the price erosion and potential competition. I would consider $120 as a good buying opportunity but find it hard to justify a buy in at these levels.

Five Great Quality Companies: Are They Too Expensive?

There is something to be said for anything that is growing rapidly in these ever inflationary times and those 5 names appear safe bets in the short term having already reported. At some point a more realistic approach to value investing will find them at prices worth jumping back in - but not here.