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PatPatterson

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  • A Sneak Peek At Apple's Earnings [View article]
    Has anyone seen whether Apple is doing any research into the use of graphene in their products?
    Apr 20, 2014. 04:18 AM | Likes Like |Link to Comment
  • 3 Insiders Are Selling Apple [View article]
    You can't make anything out of those sales if you don't know their option positions nor their family/trust holdings.
    Aug 5, 2013. 01:36 PM | 10 Likes Like |Link to Comment
  • Why Apple Rose On Samsung's Big Day [View article]
    Last time I looked at the issue when we were trying to buy back stock in a corporation we controlled, you were constrained to buying no more than 10% of the average daily volume (obviously not a problem for AAPL!) and could only buy on downticks, i.e. at prices which were lower than the last different price. I don't know if those rules have changed, and I don't know that there aren't ways around that, but the rules are designed to prevent stock manipulation by management, to prevent just such a move as we saw. So my guess is that any AAPL buyback had little to do with the stock movement.
    Mar 17, 2013. 01:59 PM | Likes Like |Link to Comment
  • 3 Big Reasons Apple's Ascent Will Slow [View article]
    While all those concerns are potentially a problem, why isn't it the case that the current very low multiple (for the growth rate) reflects all the potential risks? If there weren't any risks, the stock would br selling at thirty times earning and be $1500 already!!
    Jul 12, 2012. 07:22 PM | 2 Likes Like |Link to Comment
  • Apple: Set To Outperform The Market Again? [View article]
    has anyone done a present value analysis of Apple based upon discounted cash flow of the company over the next ten years wherein sales go from growing at 60%+ to, say 30% for the next two years, then to 15% for the next four years, then to 10% for the balance of the decade? And can the analysis assume that profit margins fall on an even slope from the current to the average level of other tech companies which might be considered having a comparable product mix? Then assume a terminal value of those earnings multiplied by IBM's current PE Multiple OF 14? I'm a political science major and not all that great with such calculations, but I figure that using these growth figures the stock will have $200 in earnings by 2022 and if it sells at a 14 multiple, will trade at $2,850 per share. That works out to be better than a 24% internal rate of return on a $560 current value. Why in the blue blazes is anyone worrying about how the market values it now? Is there ANY scenario out there that suggests that Apple will slump to 15% growth company in three years and then to only 10% in seven?
    May 22, 2012. 11:51 PM | Likes Like |Link to Comment
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