"Where will the next $400B in market cap come from," asks Gene Munster to himself as his $1K price target call on Apple (AAPL) by 2014 implies a $1T valuation. Half will come out of the hides of the firm's "most relevant" competitors as Apple takes market share and the other half from increased investment in tech companies, of which Apple should continue to get a sizable chunk. Shares +1.3% premarket. [View news story]
Gene Munster is the definition of a slobbering AAPL fanboy..for years he was pitching this halo effect garbage that has never, ever panned out, now, in some Pavlovian impulse, he needs to come up w/ some new cockamamie theory to stay relevant!
We've Raised Our Fair Value For Apple To $636 Per Share [View article]
Every single number you have used to determine this Fair Value price has been avaialable for a month. There is no new data, so why issue this report now? If one were to blindly accept your thesis and run to buy stocks that traded significantly under your metric, wouldn't it have been more valuable to issue this report when the stock was at 500 a month ago, rather than at 600 today? Your fair value metric is only up 2%, a move commonly seen every morning pre-opening by the march of the robots taking this hot stock higher 100 shares at a time
Apple Has Already Won The Tablet Market [View article]
You not once mention the price of AAPL's stock, nor the margin and accelerating growth projections cooked into the number. If the last iphone or ipad was the state of the art model, at some point people will not need to refresh their inventory every 18 months w/ some new iteration. This go to bed long and wake up with the stock up $10 trend, while recognized and accelerated by the algos and HFT's that trade 90% of the daily volume, will end one day and reverse. Krispy Kreme makes great donuts still, but their stock price has readjusted. Your story remains the same with the stock at $800 as it does with the stock at $400..and therein lies the conundrum.
A vapid article about a vapid article doesn't make for compelling reading. Just because your political bent is opposite Ben's isn't reason enough to pen such a snarky piece.
"Where will the next $400B in market cap come from," asks Gene Munster to himself as his $1K price target call on Apple (AAPL) by 2014 implies a $1T valuation. Half will come out of the hides of the firm's "most relevant" competitors as Apple takes market share and the other half from increased investment in tech companies, of which Apple should continue to get a sizable chunk. Shares +1.3% premarket. [View news story]
We've Raised Our Fair Value For Apple To $636 Per Share [View article]
Apple Has Already Won The Tablet Market [View article]
Legendary hedge fund manager Michael Steinhardt says now's a good cyclical time to invest in equities. "It wouldn't shock me if it were the bottom." [View news story]
Ben Stein Watch: November 8, 2008 [View article]