MarkGillCPA

Apple's AT&T Deal: Setting the Record Straight

After reading all the above comments, I would just like to express a note of caution. Some of you appear to have fallen in love with Apple. Hey, I agree they have great products, but that doesn't mean the stock is a buy at $204. Apple was an incredible buy earlier this year at $78. At $204, it now trades at 20x free cash flow and an EV/Ebitda ratio of 21.4x. This is not a cheap stock! If I'm a holder of AAPL, I might be putting in a stop loss at $200, just in case. We're long overdue for a pullback.

Doug Kass Updates His Model Portfolio

Doug Kass is a great hedgie to follow. I don't know of any money manager who has made as many correct calls over the last 2 years as Kass. He spent 07 and 08 shorting stocks. Then in March of this year, he declares the March intraday low of 666.79 ( on the S&P 500) to be not only the low of this bear market, but possibly a generational low. He then goes long in his hedge funds and nails this rally.