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  • Samsung Electronics (SSNLF.PK) says its Q1 profit rose 42% to a record high on strong smartphone sales. Net profit rose to a record KRW7.15T ($6.4B), up from KRW5.05T a year earlier. Operating profit rose 54% to KRW8.8T from KRW5.7T. Sales rose 16.8% to KRW52.9T from KRW45.3T, coming in in line with the company's guidance of KRW51T to KRW53T. The results stand in stark contrast those of Apple (AAPL), which earlier this week reported its first profit drop in a decade and forecast margins to decline in the current quarter ending in June. [View news story]
    Unfortunately, any one that has "invested" in Apple, has gotten crushed in the last 8 months or best case, given back a huge percentage of profits.
    In this case, "investing" in Apple has been deadly and a fools game.
    Apr 26 04:29 AM | Likes Like |Link to Comment
  • Samsung Electronics (SSNLF.PK) says its Q1 profit rose 42% to a record high on strong smartphone sales. Net profit rose to a record KRW7.15T ($6.4B), up from KRW5.05T a year earlier. Operating profit rose 54% to KRW8.8T from KRW5.7T. Sales rose 16.8% to KRW52.9T from KRW45.3T, coming in in line with the company's guidance of KRW51T to KRW53T. The results stand in stark contrast those of Apple (AAPL), which earlier this week reported its first profit drop in a decade and forecast margins to decline in the current quarter ending in June. [View news story]
    Timmy told us that he knew better than we did and that he thinks 5 inch screens are like "silly sideshows".
    The stock has been "cooked".
    Apr 26 04:02 AM | 1 Like Like |Link to Comment
  • Apple $395: Time To Give Up And Abandon Ship? [View article]
    Apple stock down 31% from a year ago. Yeah, that Jony Ive mojo is really working now.
    Apr 20 11:23 AM | 2 Likes Like |Link to Comment
  • Apple $395: Time To Give Up And Abandon Ship? [View article]
    We have heard the "dirt cheap" mantra from $600.
    Not exactly "cheap" when eps is coming down hard along with margins and no one knows what they will be and how sustainable going forward.
    The stock price is telling you, but you're not listening.
    Apr 20 11:21 AM | 3 Likes Like |Link to Comment
  • Tim Cook: The (Negative) $250,000,000,000 Man [View article]
    Baker: he states the facts and you resort to name calling? Cook has been a disaster and has pissed off the large institutions with his arrogance. Oppenheimer and his investor relations girl, are equally ignorant when it comes to communicating with institutions.
    It is beginning to look like the one trick pony is very long in the tooth. This company really is nothing more than Samsung and deserves Samsung valuation. Therefore, fair valuation on this pig between 350 and 400.
    Apr 20 11:14 AM | 3 Likes Like |Link to Comment
  • Apple (AAPL) only looks cheap if it maintains its profit margins (35.3% in 2012), writes The Brooklyn Investor. Slapping Samsung's mobile operating margin of 18% on Apple's $181B in expected revenue this year then giving it a 10 multiple and adding back cash yields a value of $370/share. Margins might not decline right away (and revenues may increase to offset), but Apple bulls are fighting the powerful historical tendency (particularly for Apple) of excess margins getting competed away. [View news story]
    Correct. And that is what the stock price is telling you now.
    At the end of the day, they are still a handset company with declining margins and a disastrous and incompetent CEO.
    Apr 20 11:02 AM | 11 Likes Like |Link to Comment
  • Apple Rumors Are Swirling About Music Deals This Week: Buy The Rumor [View article]
    I think the problem with this is that Wall street and investors have no faith in Cook. He has been arrogant and unresponsive. If he could care less about the stock price, why should investors invest in a company whose management could care less about them.
    For him to call a large investor and smart guy like Einhorn a 'silly sideshow" just shows how arrogant and out of touch he is. All Einhorn was suggesting is that they unlock value for investors and this was rebuffed by Cook and not very elegantly. That's part of the reason, other larger investors said goodbye, after they saw the treatment of Einhorn and realized that the clown Cook is not putting any priority on investors. Face it, this guy couldn't hold Job's jock strap and has missed, EPS after EPS, every quarter.
    At this point raising the dividend a bit may get the stock back to $450.00, and then will fail at resistance again.
    The game has changed and management has failed to recognize this. Now it may be too late for investors that have held from 600 and 700 hundred and even 500.
    I could easily see a scenario where they make $40.00 bucks this year and the market puts a 10 multiple on it. In fact, this is what the stock is telling you right now.
    I have owned it and made a lot of money and gave more back than I should have by thinking Cook couldn't possibly be this bad. But he is. They have also missed the boat on bigger phones and instead try to insist they know where the market is going , when in reality, the ship has probably sailed.
    At the end of the day, it becomes a low margin device company, that needs to sell 50 million new phones a quarter with out the best form factor, technology and with falling margins, unless they can somehow pull it out of the tailspin. With Cook and Co., I am not betting that they can. I'd love to love it again, but it is hope and prayer time, with major technical obstacles. Nothing more the gambling, trying to guess, where is bottom again, without the odds in your favor.
    Apr 7 06:16 PM | 5 Likes Like |Link to Comment
  • Apple Rumors Are Swirling About Music Deals This Week: Buy The Rumor [View article]
    Buying the stock here is still like stepping in front of a downhill freight train. Technically, still awful.
    Apr 7 04:54 PM | Likes Like |Link to Comment
  • Apple: Is It Really Too Cheap To Ignore? [View article]
    "We are 50 days from some company named Apple announced the biggest revenue and earnings in history of any technology company."
    Didn't we just hear that same statement in Dec 2012 before it dropped 80 bucks?
    Mar 9 01:21 PM | Likes Like |Link to Comment
  • Apple: Is It Really Too Cheap To Ignore? [View article]
    Screen size is an issue. Travel to Asia and you will find that AAPL is not the phone of choice among the hip and in the know. The screen size is too small for the Asian alphabet and bigger screens allow for more lines. Also, I hear the same complaints from Baby Boomers with reading glasses in this country.
    The fact that Cook and the company are unresponsive both to market demand and shareholders is the reason the stock has tanked. Face it, Cook is not Jobs and the playbook may be empty. Look out below if all they can offer this year is a 5s with a better camera and more memory. I have a 4s and I would like a bigger screen as well. The products have become very stale.
    Mar 9 01:18 PM | 3 Likes Like |Link to Comment
  • Apple: Too Cheap To Ignore? [View article]
    Don't have a beef. But calling bottoms on moves of down 40% is dangerous and irresponsible to your investors. Better to be prudent and solvent than to invest in a stock with a horrible chart and deteriorating fundamentals. The stock loses more than that measly dividend in a day. "Dividend stock", "if the stock stays around the current price" LMFAO!
    Then of course, if you are buying 10 shares, as you say, who cares about chump change?
    Mar 9 12:59 PM | 1 Like Like |Link to Comment
  • Apple Can Recapture Old Magic By Looking To The East [View article]
    Visit Asia and talk to the professionals. AAPL will not take significant share unless they come out with a five inch screen that works better with the alphabet characters and gets additional lines on the screen.
    Mar 8 01:24 PM | Likes Like |Link to Comment
  • Are Apple's Margin Risks Overblown? [View article]
    Earnings and revenue estimates will be revised down, products are stale with no blockbuster in sight, still no big screen for the Asian market, saturation in U.S. market, management that could care less about shareholders, I watch and TV won't save them, even if they come out and the chart and technicals still look awful.
    What could go wrong? One has to HOPE that they do something meaningful with the cash, which is anyone's guess. Still not investable here.
    Mar 8 01:00 PM | Likes Like |Link to Comment
  • Apple: Too Cheap To Ignore? [View article]
    Didn't we just see the gist of this type of article, "It's too cheap to ignore", at $600.00, $580.00, $540.00, $505.00, $480.00, $450.00, $435.00,etc.?
    Get my point? No really, this time is the REAL low. "It's REALLY, REALLY cheap at fill in the blank.
    Apple can stay "cheap" a lot longer than you can stay solvent.
    Mar 7 06:55 PM | 9 Likes Like |Link to Comment
  • Apple Has The Cash To Drive Its Shares Back To $700 [View article]
    Bruner, I can tell that they really care because the stock is down 40%. Get a clue pilgrim.
    Cook apparently could care less whether he has 400 million or 700 million.
    Mar 6 08:42 PM | Likes Like |Link to Comment
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