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davel

davel
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  • Several Theories To Explain Apple's Nosedive [View article]
    Ok.

    I understand the retirement part. My argument here is that if you are retiring and don't want your assets flying all over the place you should not invest in AAPL. Invest in IBM instead. Much less volatile. Apple is the quintessential volatile growth stock.

    KNOW YOUR INVESTMENT

    2) the cap gains/dividend tax

    I understand that too. And this makes sense with aapl. it actually makes sense for the whole market but i digress. there is uncertainty here. bird in the hand and all that.

    what i don't understand is if it applies to apple to the tune of 30% why not the whole market?

    as i say above your article makes sense. it answers these questions as it is specific to one company and is a herd thing where action begets action.
    Jan 30, 2013. 04:51 PM | Likes Like |Link to Comment
  • Apple Value Propositions [View article]
    @xrtrader

    i happen to think the key to apple is the software.

    maps
    siri
    icloud

    they need to fix/improve them to keep going. there is nothing interesting in the hardware anymore.
    Jan 30, 2013. 04:39 PM | Likes Like |Link to Comment
  • Apple Value Propositions [View article]
    @xtrader

    this makes sense. thanks. it is a big assumption that amzn will make the same margins as wmt considering from what i read amzn's margins are a fraction of other retailers.

    I think amzn is a great company. bezos knows what he is doing. i just think its a terrible stock as they do not make profits in line with revenues.
    Jan 30, 2013. 04:37 PM | Likes Like |Link to Comment
  • Apple Value Propositions [View article]
    @wagner

    Yes. I never understood that whole dot com concept 'we are in a different world, normal metrics don't apply' and then the world came crashing down when someone shouted the emperor has no clothes.
    Jan 30, 2013. 04:34 PM | Likes Like |Link to Comment
  • Apple Value Propositions [View article]
    I am not an accountant and you guys are getting very technical.

    Yes. All companies have bills outstanding. I understand that.

    Let me rephrase.

    Apple does not borrow money from others and leave that outstanding. In other words they don't float a bond or some other paper to fund operations.

    One more thing. In looking at the sheet I see deferred revenue as a liability. That seems to be the delta between 'cash' and shareholder equity. The money has already changed hands the deferred revenue as I understand it is an accting rule for some reason.
    Jan 30, 2013. 04:23 PM | Likes Like |Link to Comment
  • Apple Value Propositions [View article]
    I do not recall a time where Apple made their own cpu for pc's.
    Jan 30, 2013. 04:10 PM | Likes Like |Link to Comment
  • Several Theories To Explain Apple's Nosedive [View article]
    @wagner

    ok. but why now?

    did all of them buy at the same price?

    Why is this down leg so prolonged and deep?
    Jan 30, 2013. 04:07 PM | Likes Like |Link to Comment
  • Several Theories To Explain Apple's Nosedive [View article]
    Sales are up 30%.

    If a fund manager looks at headlines to make their analysis I would posit that you need to take your money elsewhere.
    Jan 30, 2013. 04:05 PM | 1 Like Like |Link to Comment
  • Several Theories To Explain Apple's Nosedive [View article]
    Nice article.

    The world margin call thing makes a lot of sense. It would be nice if there were metrics available to corroborate your theory.
    Jan 30, 2013. 10:15 AM | 1 Like Like |Link to Comment
  • Apple Value Propositions [View article]
    If you would be so kind as to write an article as to what the special case scenarios are for the market to value AMZN at the value it does while punishing MSFT and APPL who make more money and do so consistently.

    Then there is Google which also is a strong franchise but also valued less than AMZN.
    Jan 28, 2013. 05:03 PM | 3 Likes Like |Link to Comment
  • Apple Value Propositions [View article]
    I am not aware of any liabilities Apple has.

    My point is Apple has massive cash/cash like resources on its books. It is cash positive every quarter. So according to your chart if the book value is 127 B and the cash is 137B then the book value is less than cash on hand and the rest of the assets of the company is negative.
    Jan 28, 2013. 05:01 PM | 1 Like Like |Link to Comment
  • Apple Value Propositions [View article]
    Are you saying the book Value of Apple at year end is less than the cash on their books?
    Jan 28, 2013. 03:57 PM | 3 Likes Like |Link to Comment
  • Intel: The Semiconductor Winner In The Mobile War [View article]
    I believe in the mobile area there are a few components
    1) OS
    2) CPU
    3) misc hardware
    4) misc software
    5 ) services

    1) OS - Apple, Google, Microsoft own their respective platforms. Microsoft and Google license the software to third parties
    2) CPU - ARM/Intel. Of the Arm cpu class there are several that make the cpu. Apple, Samsung, Nvidea, and a few others I think.
    3) Samsung and other companies manufacture the hardware used by many parties. Apple might be included here as they spend a lot of money buying machines to produce their wares.
    4) Google,Apple,Microsoft. Again the OS vendors are the big dogs here. They also provide the key apps: Office, Maps, Siri, Browser, etc. Then there are the miscellaneous gaming and utility vendors
    5) You need to include Amazon here as well as companies like drop box and numerous other companies.

    Your article focuses on Intel but Intel is on the outside. They have virtually no presence in mobile. Yet you insist on making them a power player. ARM is the CPU of choice. Can Intel muscle its way in? Perhaps. But it is not a given.

    There are two big players from the hardware side here Samsung and Apple. Everyone else is in third place: Nokia, Blackberry, etc. Most everyone is losing money or barely breaking even. Google does not count. They 'manufacture' or more appropriately have a partner manufacture the reference design 'Nexus' and move from there.Their marketshare is small. Nokia seems to be gaining traction but it is early.

    Microsoft because it is big is a player. So is intel. But their presence in the previous generation is not a catalyst for the new mobile one.

    You make the assumption that one integrated platform will win. Not necessarily. In the past software/hardware was tricky so an integrated platform was required. With a robust web and software as service you need functionality not homogeneity. Apple is the only company that wins here. Its tablet/phone offerings are virtually identical from the hardware/software side and so it wins on smooth integration. All other platforms have various issues with the homogeneity of the platform.

    Who will win from all this? it is hard to say.

    There are powerful players here whose survival can depend on how well they do at grabbing a share of mobile. It will be a tough fight. Right now Apple wins because they take home most of the profits.
    Jan 28, 2013. 03:00 PM | 1 Like Like |Link to Comment
  • Don't Believe The Hype: Apple's Growth Story Is Not Over [View article]
    Mr. Abrett

    I disagree. Apple needs to stick to the plan and execute.

    Keep building iterative mobile hardware.

    extend iCloud
    fix Maps
    improve Siri

    When the time is right bring out other useful mobile devices to extend the brand and make computing more useful and relevant.
    Jan 28, 2013. 01:18 PM | Likes Like |Link to Comment
  • Don't Believe The Hype: Apple's Growth Story Is Not Over [View article]
    I don't understand the need to waste money on stock buy backs.

    The leverage that others can bring can overwhelm any market manipulation of spending 100 Billion on a buyback.
    Jan 28, 2013. 01:16 PM | Likes Like |Link to Comment
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