The iPhone 5S launch has been pushed back to August-September from July, likely due to "volume production issues," says Citi's Glen Yeung, echoing last week's Jefferies note. Yeung, who downgraded Apple to Neutral on Dec. 16, is also worried iPad Mini demand is weakening, given "flattening production" (Digitimes reported something similar last week), and (like others) doesn't expect a larger iPhone to arrive this year. AAPL +0.3%, shaking off Yeung's note and supplier LG Display's soft Q1 report. [View news story]
Dear kleemc: I see some amount of rational investor behavior in both you and doc47 responses. I am with both of your approach but that does not or will it solve the problem at hand, namely the demand for AAPL stock that will determine the price. Thank you.
The iPhone 5S launch has been pushed back to August-September from July, likely due to "volume production issues," says Citi's Glen Yeung, echoing last week's Jefferies note. Yeung, who downgraded Apple to Neutral on Dec. 16, is also worried iPad Mini demand is weakening, given "flattening production" (Digitimes reported something similar last week), and (like others) doesn't expect a larger iPhone to arrive this year. AAPL +0.3%, shaking off Yeung's note and supplier LG Display's soft Q1 report. [View news story]
. been confused over the terms "market" and "analysts". I thought that the market has as a monitors the "analysts". I am under the impression that the Analyst are being kept by the brokerage firms and the brokers of the firm refer to their client what the Analysts view. Otherwise, I am confused by the terms like Goldman Sacs "selective" list or terms for other firms.
. Jefferis always kept their price a 420, you should put that in the first line of the wonderful chart showing how the investment banks recapitulated their price limit.
I keep reading your "article" thinking about something new will come out. But, nothing new. People know about Prof. Damodoran when he spoke about Facebook and his price projection of $24 in future and probably the market heard about his projection and FB immediately went to ward $30 as if to show him his way probably does not scratch the surface of Security Valuation and your quotation of Prof. Graham, et al failed to state that P/E above 7 was very superior and P/E above 13 was exceptional. And also, the short term and long term valuation does not touch on the practical terms of every analyst is worried about his firms position with corporation, the social standing ( like Mr. Munster), who might be the lead in case of AAPL comes out of bond floatation, the short margin calls, etc. No number of I.Q. quote will come to predict AAPL price movement now and do not quote Samsung's product because when you go shop you know what you want to buy, whether you want to buy or silver, you do not go the store and make up your mind at the store. When there is a news the price of stock reacts and when there is no news you rely on "momentum" and the momentum depends on several factors, including the "chatter" but I do not know who creates the Chatter on Apple. Either you know it or do not but you do not have to bring in another person, like Einhorn or Damodoran to support you.
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]
How would you compare IBM with AAPL, do you know how much of their profit are from outside of USA from say, 1960. How would you compare Coca-Cola with AAPL, would you know how much of Coke's profit is outside of USA, most probably you do not know? Your response is probably from a disgruntled investor, you like to blame AAPL going down the drain on any factor you care to know. Would you have any idea about "outsourcing" that American companies are exporting American jobs outside, it has been going on from ever, it is a political game, whenever some one thinks he can make good job with it make use of it. You know some of the "gambling" companies have big operation in Maccao and Singapore, do you ever think how much of their profits is abroad? You are on the right track, just use it all across the S & P 1500.
Whisper Number Impact: Earnings Preview For Bank Of America [View article]
For a company like BAC with so many unknowns becoming known within a few days it is only day dreaming to blame every price movement after the release of earning on the eps numbers. Do you know how many variables are on the back burners that might be alive tomorrow?
New York City Trader: Your presentation of marketing opportunities outside of USA is a well known secret. It is all "invisible hands" that will determine how lucky will be Apple in this fight over market domination in Asia, S. America and Africa and that includes China and India. Suppose that this incremental market nets "Zero" for Apple even then the P/E will not go down from the currently 9-10 whatever it is. At least then Apple can assure the market that it is profitable hence 10 years from now. The market knows better this than "you" or "me" and can afford the current P/E let go to 15-20 as it is with Goog ( I am not considering AMZN, because I do not know how deep are these pockets that invest in AMZN). What I am trying to say is that as I do not know who are investing in AMZN , same way I do not know who are divesting out of AAPL or not choosing to invest in AAPL. O.K. the stock made a foolish move to above $460/per share only to move back the technical $425 and seems like it is where it is going to stay. And suppose Mr. Cook does not make any statement increasing divident when announcing second quarter eps then $425 becomes the starting point of going down for ever!
Analyzing Apple From An Absolute And Relative Value Standpoint [View article]
Soldiers of Fortune: Do you know how the Hedge Fund works? I think you should forwards them a copy of your work because I think they do not know all these different ways to evaluate Apple.
5 Reasons Why Bank Of America Shares Are Poised To Drop Soon [View article]
This is the "market" where there will be hundred opinions over one subject. I mean all the ideas are have something to say, yet none are 100% correct. The truth is somewhere and we that truth after the thing happens. I mean, all this ideas, that is the "invisible market".
Foxconn parent Hon Hai (HNHAF.PK), which is believed to get 60%-70% of its revenue from Apple (AAPL +1.2%), reported a 19% Y/Y drop in calendar Q1 sales to $27B. KGI Securities: "A quarterly decline was expected, but not a yearly decline ... This shows that Hon Hai's revenue depends too much on Apple, and iPhone orders corrected more than expected." Nonetheless, Apple is following the tech sector higher, a possible sign a weak Q1 is priced in. [View news story]
So, the question that comes to my mind is that how many Analysts is it necessary to make the make up the market for Apple? Mr. Cook told people not to make up any Hay out of one message and people are still doing that, they are trying to make something out of one supplier, even though people know that Apple has multiple suppliers. Previously, the existence of market maker used to pose some kind of hurdle so stock did not give away to this kind of "nonsense" noise but stock are subject to any kind of "chatter". So, Apple is in the mud so any Tom, Dick and Harry can kick it. I wish the April 23 was tomorrow to end all this kind of rubbish.
Apple Rumors Are Swirling About Music Deals This Week: Buy The Rumor [View article]
I think it is a good news. I hope this kind of good news does not end soon. The other day I was talking and it came up that can Apple make all the losses by going up 100 points with the all good news that can come up with Apple second quarter eps news.
What my main man says here is correct ( as is shown by the multitude of graphs, etc) and I want to present the following because these are at the bottom of every comment. . All the analysts, etc. project net earning above $40 billion per year . Now the cash hoard at the end of last quarter was, say, $140 billion ( I am not going to say what the investor would do with dividend when money is cheap ) . So, at current valuation of $450 per share excluding cash, say, $150 per share the earning generating machinery, namely, AAPL is valued at $350 par share and at current eps this p/e is about 7. This is to say AAPL is not an on going concern, no improvement in product, nothing about seven years AAPL is dead, Buried and all the investors properly read their Eulogy, everything! . One of the commentators pointed out that if AAPL was under Bezos every product would be sold at paper thin margin because the profit would come later. May be that is another way to Manage a company but the shareholders would be very happy. .Mr. Birriyani was at the Half-Time Report of CNBC and he was asked about what his thought on AMZN and he said P/E scares him and Mr. Moderator did not ask him about his prize possession of CRM and Netflix. There are many shares like AMZN and there P/E scares people but they all have investors. Why do not those investors publish articles about their companies saying that they love what the Management is doing. WHY I ALWAYS SEE ARTICLES ABOUT AAPL'S MANAGEMENT ALL THE TIME, be it they presage Mr. Jobs' health, or itunes not a good business ( because it has only $.10 per song), or the size of ipad was clumsy and no body would like ipad, etc. . AAPL was not the no one company to begin with, it grew into it but why it never have any admiring investors like CRM or Netflix ( what happens to the guy who was worried about continuing memberships) or AMZN, people used to wait for AMZN's gross margin. People should ponder into the theory behind Financial theory about "valuation" of security ( people got Nobel prize on Option valuation ) and nobody knows what determines how to values the Common Stock. Remember, AAPL would be Buried in about Seven Years.
I guess you deserve an answer and the answer is it s in USA and however loud you can speak people will listen to you. It does not matter if you are right or not, it is like the investment bank that was there but it is not there, when it spoke everybody would listen ( I forgot its name ). So, I was wondering if Mr. Z is continuing his mantras.
The iPhone 5S launch has been pushed back to August-September from July, likely due to "volume production issues," says Citi's Glen Yeung, echoing last week's Jefferies note. Yeung, who downgraded Apple to Neutral on Dec. 16, is also worried iPad Mini demand is weakening, given "flattening production" (Digitimes reported something similar last week), and (like others) doesn't expect a larger iPhone to arrive this year. AAPL +0.3%, shaking off Yeung's note and supplier LG Display's soft Q1 report. [View news story]
The iPhone 5S launch has been pushed back to August-September from July, likely due to "volume production issues," says Citi's Glen Yeung, echoing last week's Jefferies note. Yeung, who downgraded Apple to Neutral on Dec. 16, is also worried iPad Mini demand is weakening, given "flattening production" (Digitimes reported something similar last week), and (like others) doesn't expect a larger iPhone to arrive this year. AAPL +0.3%, shaking off Yeung's note and supplier LG Display's soft Q1 report. [View news story]
Dear Mr. doc47:
I am with you.
Apple: Desperately Seeking Capitulation (Part 2) [View article]
. been confused over the terms "market" and "analysts". I thought that the market has as a monitors the "analysts". I am under the impression that the Analyst are being kept by the brokerage firms and the brokers of the firm refer to their client what the Analysts view.
Otherwise, I am confused by the terms like Goldman Sacs "selective" list or terms for other firms.
. Jefferis always kept their price a 420, you should put that in the first line of the wonderful chart showing how the investment banks recapitulated their price limit.
Apple Is Where The Value Is At [View article]
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]
Whisper Number Impact: Earnings Preview For Bank Of America [View article]
Apple's Story: Only The Beginning? [View article]
Suppose that this incremental market nets "Zero" for Apple even then the P/E will not go down from the currently 9-10 whatever it is. At least then Apple can assure the market that it is profitable hence 10 years from now. The market knows better this than "you" or "me" and can afford the current P/E let go to 15-20 as it is with Goog ( I am not considering AMZN, because I do not know how deep are these pockets that invest in AMZN). What I am trying to say is that as I do not know who are investing in AMZN , same way I do not know who are divesting out of AAPL or not choosing to invest in AAPL. O.K. the stock made a foolish move to above $460/per share only to move back the technical $425 and seems like it is where it is going to stay. And suppose Mr. Cook does not make any statement increasing divident when announcing second quarter eps then $425 becomes the starting point of going down for ever!
Analyzing Apple From An Absolute And Relative Value Standpoint [View article]
Apple Starts A 'Cashback' Smartphone Price War In India [View article]
5 Reasons Why Bank Of America Shares Are Poised To Drop Soon [View article]
Foxconn parent Hon Hai (HNHAF.PK), which is believed to get 60%-70% of its revenue from Apple (AAPL +1.2%), reported a 19% Y/Y drop in calendar Q1 sales to $27B. KGI Securities: "A quarterly decline was expected, but not a yearly decline ... This shows that Hon Hai's revenue depends too much on Apple, and iPhone orders corrected more than expected." Nonetheless, Apple is following the tech sector higher, a possible sign a weak Q1 is priced in. [View news story]
Apple Rumors Are Swirling About Music Deals This Week: Buy The Rumor [View article]
Valero Energy: All Ethanol Plants Running, Improving Cash Flow [View article]
Apple Won't Just Roll Over And Die [View article]
. All the analysts, etc. project net earning above $40 billion per year . Now the cash hoard at the end of last quarter was, say, $140 billion ( I am not going to say what the investor would do with dividend when money is cheap ) . So, at current valuation of $450 per share excluding cash, say, $150 per share the earning generating machinery, namely, AAPL is valued at $350 par share and at current eps this p/e is about 7. This is to say AAPL is not an on going concern, no improvement in product, nothing about seven years AAPL is dead, Buried and all the investors properly read their Eulogy, everything!
. One of the commentators pointed out that if AAPL was under Bezos every product would be sold at paper thin margin because the profit would come later. May be that is another way to Manage a company but the shareholders would be very happy.
.Mr. Birriyani was at the Half-Time Report of CNBC and he was asked about what his thought on AMZN and he said P/E scares him and Mr. Moderator did not ask him about his prize possession of CRM and Netflix. There are many shares like AMZN and there P/E scares people but they all have investors. Why do not those investors publish articles about their companies saying that they love what the Management is doing. WHY I ALWAYS SEE ARTICLES ABOUT AAPL'S MANAGEMENT ALL THE TIME, be it they presage Mr. Jobs' health, or itunes not a good business ( because it has only $.10 per song), or the size of ipad was clumsy and no body would like ipad, etc.
. AAPL was not the no one company to begin with, it grew into it but why it never have any admiring investors like CRM or Netflix ( what happens to the guy who was worried about continuing memberships) or AMZN, people used to wait for AMZN's gross margin. People should ponder into the theory behind Financial theory about "valuation" of security ( people got Nobel prize on Option valuation ) and nobody knows what determines how to values the Common Stock. Remember, AAPL would be Buried in about Seven Years.
Apple $1000: Why It's Time To Buy [View article]