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Misho ILIEV

Misho ILIEV
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  • Apple's Earnings Fall Is Completely Unjustified [View article]
    Apple can learn a lot from IBM. With falling revenue, margins and even at the treat of missing earnings estimates they manage through buy backs to keep the EPS and the share price growing.
    Jan 23, 2013. 10:50 PM | 5 Likes Like |Link to Comment
  • How Apple Gets To $400 A Share [View article]
    Apple has lot of cash that is doing nothing (misallocation of capital reducing the return on equity). So why not buy back if the stock is cheap?

    Two possibilities:

    - Apple is shareholder unfriendly;
    - stock is not really that cheap.

    Whichever is true it does not speak in favour of buying Apple.
    Jan 13, 2013. 03:24 PM | 2 Likes Like |Link to Comment
  • An 'Apple To Apple' Comparison Of Apple [View article]
    This sell off today (AAPL at 510) seems a good buying opportunity for those who have no Apple or just 2-3% in their portfolio.

    "A total gift" is a bit exaggerated. There are not insignificant risks in owning this stock.
    Dec 14, 2012. 12:05 PM | Likes Like |Link to Comment
  • Apple May Be Worth $1111, But Shares Won't Get There Anytime Soon [View article]
    To me paying 50 cents for a dollar could happen if you buy Apple at about half its book value. :-)
    Nov 28, 2012. 03:51 PM | Likes Like |Link to Comment
  • Apple May Be Worth $1111, But Shares Won't Get There Anytime Soon [View article]
    The problem is that you are paying for a big uncertainty, not for a dollar.
    Nov 28, 2012. 02:50 PM | Likes Like |Link to Comment
  • Apple May Be Worth $1111, But Shares Won't Get There Anytime Soon [View article]
    Indeed, JasonC, this 100+ billion of cash on their balance sheet doing nothing is a huge misallocation of capital.
    Nov 28, 2012. 02:37 PM | 1 Like Like |Link to Comment
  • Apple May Be Worth $1111, But Shares Won't Get There Anytime Soon [View article]
    Jesus! ACAD 135% up in one day! But if you had that trillion it wouldn't make such a difference as ACAD is a tiny compay. The question is, did you buy it on Monday :-)

    @Bart, I wouldn't pay 1 trillion for Apple. There's plenty of other, much less risky ways of getting 5% return.
    Nov 28, 2012. 04:02 AM | Likes Like |Link to Comment
  • Apple May Be Worth $1111, But Shares Won't Get There Anytime Soon [View article]
    If anyone of you had 1 trillion dollars would you buy Apple?

    Me - no!
    Nov 27, 2012. 05:25 PM | 2 Likes Like |Link to Comment
  • Is Apple Expensive At 5x Cash Holdings? [View article]
    Normanbk,

    Your comment is spot on!
    Nov 20, 2012. 01:01 PM | Likes Like |Link to Comment
  • Apple Cannot Be Valued: Warren Buffett Knows This And You Should Too [View article]
    5 years ago you couldn't have predicted RIMM's earnings today and the spectacular drop in revue and share price.

    Same thing with Apple.
    Nov 19, 2012. 05:53 PM | Likes Like |Link to Comment
  • Apple Cannot Be Valued: Warren Buffett Knows This And You Should Too [View article]
    Mark,

    If you believe in the future of coal why not invest in Norfolk Southern?

    I am skeptical about predicting the future of Apple. But that doesn't exclude the possibility that Apple will continue growing at 20+% for the next 2-3 years. In that case AAPL could reach even $ 1000 and more. It's just that this is highly uncertain.
    Nov 19, 2012. 05:28 PM | Likes Like |Link to Comment
  • Apple Cannot Be Valued: Warren Buffett Knows This And You Should Too [View article]
    No Abraxas,

    It will take Buffett about 2-3 hours to read and understand all relevant Apple info in their Annual reports in the last 4-5 years.

    He really can't value it using the discounted cash flow method. Apple's earnings are really unpredictable.
    Nov 19, 2012. 05:21 PM | Likes Like |Link to Comment
  • Apple Cannot Be Valued: Warren Buffett Knows This And You Should Too [View article]
    wdchil,

    I agree with David. Even the short term predictability of Apple is questionable. If a stock is long term unpredictable this undermines significantly also its short-term predictability.

    Why? If you hold shares in a company that appears to be there for the long term (like Coke or Walt Diseny) then a short term glitch is less likely to makes investors nervous. They know that they can continue holding and ultimately they will proven right. Also, many other contrarian investors will rush to buy cheap stock that is there "forever".

    That makes those stocks less volatile and more predictable.

    Apple is not amongst them. The short term predictability is a bit of an illusion.

    Sure Apple cannot go to 400 bucks tomorrow. So if that is predictability - then, yes, Apple is predictable...
    Nov 19, 2012. 02:54 PM | Likes Like |Link to Comment
  • Apple Cannot Be Valued: Warren Buffett Knows This And You Should Too [View article]
    This is very interesting, Mark.

    Yes, perpetual growth is impossible. But this is too long and slightly philosophical discussion. :-)

    We are assuming that the global economy can grow forever. If that is true then some companies might grow forever too.
    Nov 18, 2012. 05:28 PM | Likes Like |Link to Comment
  • Apple Cannot Be Valued: Warren Buffett Knows This And You Should Too [View article]
    Cesc,

    Have look at this:
    http://bit.ly/Qrs8Z6

    It's a lecture given by Buffett. Quite funny but also informative about his philosophy.
    Nov 18, 2012. 05:24 PM | 1 Like Like |Link to Comment
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