Comments on: Apple shares may be worth $1111, but they won’t get there anytime soon

By: ppctyler

ppctyler — Thu, 29 Nov 2012 05:57:12 +0000

Edward, who gave you permission to leave your cesspool today? Please stay there and keep your arid stench with you! We are tired of cleaning up for you around here! D=======))))

By: Apple

Apple — Thu, 29 Nov 2012 04:45:32 +0000

It will be at $200 soon. Act fast….

By: Paul

Paul — Wed, 28 Nov 2012 18:06:20 +0000

Very well said.

By: iJah420

iJah420 — Wed, 28 Nov 2012 17:54:54 +0000

Bingo!

I vividly remember that drop and telling my investors to sit down and shut their pie holes. They are thanking me to this day. imagine where AAPL would be in a thriving economy. ????? Yeah! ponder that for a moment.

By: Weekend

Weekend — Wed, 28 Nov 2012 15:21:08 +0000

Well, you won’t see $1111 by the end of this year. And you won’t see $750 by the end of this year either. And it’s not a conspiracy. It’s simply the stock market and you can’t fight the stock market. It’s not like everybody out there hates AAPL. Quite the contrary, there are too many people out there who are in love with AAPL. Never ever fall in love with a stock. You will lose money. It’s an investment it’s not your best buddy. Treat it as an investment. Don’t make excuses for it, because it’s just a company. Reports state that Apple will have a low yield for iPad minis and iMac screens going forward until 2013. That’s not good. The stock market does not like that and they should not like that. And whether or not people like it, Apple will not be the darling going forward as it has been previously. There is just too much negativity, real and imagined, associated with Apple. I also believe that Apple should do something with that huge pile of cash. But Steve jobs didn’t want to spend it so it just grew and grew. We’ll have to see if Tim Cook can do something with it. That much cash is a real waste. It seems to me that not doing something with that much cash is mismanagement. Perhaps they can acquire companies that can help them with their services. Apple does not do services well. And I agree with the Amazon.com comparison too. But remember, Amazon.com basically has no competition. Best Buy will fall very soon. There’s no one around to really challenge Amazon.com. But yes, they have a high multiple. Again, never fight the street. Do not become emotional. You will lose money. Apple on the other hand does have competition. The much hated Samsung is just one competitor. Apple will never be in the dominating position that Amazon.com is in. It just will never happen. So be happy if Apple sees $700 in the next three months. And be very, very happy if Apple sees $600 by years end. I hope it does reach $700 sooner than later but be very cautious. Brian White threw out $1111 back in April to stand out from other analysts. And he does. I love all my Apple stuff. I will be ordering a 27 inch iMac Friday at 12:01 AM. I am really, really looking forward to the new Mac pros next year. I make my living with them and they are over due. So I certainly want Apple to succeed. But I’m not in love with Apple as an investment. I can’t, it’s my money.

By: occasionalposter1

occasionalposter1 — Wed, 28 Nov 2012 15:12:25 +0000

In my personal observation of Apple (which is disgusted with analysts and Wall Street) I feel that Apple’s worth or value is judged on the basis being “one product away from failure.” Each product is a success, but if the next one is a failure or flop, i.e. the product is the equivalent to its “Map” app, then Apple will fall and it will be judged in the thick of a multitude of companies as being ordinary.

MS, to its credit, locked people in with long term license contracts that perpetuated their bottom line. Many people don’t realize that this is running out on them, but the perception is there and believed. With Apple, the question is, will the next be as good. The perception is there, and WS follows. With the economic times we are in, scare and freight of tommow looms big in financial people’s minds, not reason. Apple perpetually stands one product away from a mediocre product which will bring down its perceived value.

By: chanoo

chanoo — Wed, 28 Nov 2012 13:54:37 +0000

Yes. And American investors are just so weak and powerless to stop the goal posts being moved every which way but true.
No matter.
Apple will keep scoring anyway, no matter what the market may do and despite all the naysayings of the uninformed, but highly opinionated bozos.

By: ken1w

ken1w — Wed, 28 Nov 2012 13:39:09 +0000

Then why did he say “price”?

By: sweetjond

sweetjond — Wed, 28 Nov 2012 13:19:26 +0000

He’s talking about their relative P/E multiples, not their share prices.

By: ken1w

ken1w — Wed, 28 Nov 2012 13:07:49 +0000

It will happen sooner, rather than later, because the 2008-2009 financial crisis showed that Apple can keep making money (a lot of it), even in very poor economic conditions. And that was only with iPod, Mac, and iPhone (that was still fairly new). Now, Apple has all that (with a mature iPhone) PLUS iPad, and probably “something completely new” in 2013.

In that 2008-2009 period, the bears pushed AAPL down from above $200 to under $80. But AAPL rose steadily from there and it was above $200 again in less than one year, because Apple proved that it can continue to have record-breaking quarters in a “bad economy.” Think about it… AAPL had dipped below $80 a share just FOUR years ago. Today, Apple’s CASH is worth MORE than the entire company just FOUR years ago. AAPL was (and will be again) the eventual destination of the investors’ flight to quality.

In comparison, getting to $1111 seems like a walk in the park.

By: ken1w

ken1w — Wed, 28 Nov 2012 12:42:01 +0000

Stock price (of an individual stock) is completely irrelevant for comparison. It is stock price TIMES the number shares outstanding that provides that actual market value of the company. And Apple is already worth about FIVE times Amazon, in terms of “market cap.”

By: rwahrens

rwahrens — Wed, 28 Nov 2012 11:35:51 +0000

And I guess your memory is as short as you claim Slamm’s is – his numbers are of the last few months of the Bush Administration, not a randomly selected example. The economy crashed on his watch, remember? Slamm’s point is that we made a smart decision to elect a man with a better plan for moving out of a recession than a man whose plan is the same policies that got us here in the first place. (Policies that were in place just four years ago not just ten years…)

By: Eldernorm

Eldernorm — Wed, 28 Nov 2012 11:31:34 +0000

3
L48 really is just talking out of his short stock position. LOL.
Yep, Apple is Doomed. It’s better to sell stock in a company that makes a penny on the dollar sale than 45 cents on the dollar. Yep. Nuff said.

By: Lochias

Lochias — Wed, 28 Nov 2012 11:10:44 +0000

There Arab 6 plue billion people without iPads?

I’d say no more than Scotch 4 rumor billion, but my crystal bell may be rusty.

By: Michael

Michael — Wed, 28 Nov 2012 08:42:23 +0000

I guess you are easily forgetful, it’s easy to criticize in hindsight over a decade later. Things were much different then, the best selling cell phone looked like something you get in a cereal box today… The iPod hasn’t even been released yet! Not to mention the infrastructure system that GW inherited from past administrations was woefully outdated and inadequately equipped to handle the 9/11 attacks. On the economy, get real buddy, your numbers are a snap shot of a one month period under GW, while conveniently ignoring the other 95 months.

By: raymond

raymond — Wed, 28 Nov 2012 08:13:41 +0000

He is a smart guy

By: Slamm

Slamm — Wed, 28 Nov 2012 07:37:08 +0000

That’s because the other guy had the same plan as the previous guy… To read “My Pet Goat” during a national crisis and lose 750,000 jobs a month… Yeah that’s the guy I want. A guy that creates jobs, in China!!

By: Pridon

Pridon — Wed, 28 Nov 2012 06:42:38 +0000

Yea, Apple should take risks with acquisions like Autonomy and Motorola Ann’s p,ss away billions. If valuation keeps compressing, it might just go private. Still plenty of growth left. There Arab 6 plue billion people without iPads. At least a billion of that number is an addressable market.

By: Laughing_Boy48

Laughing_Boy48 — Wed, 28 Nov 2012 05:56:42 +0000

Each time Apple increases quarterly revenue, Wall Street compresses the P/E that much more. Apple is going nowhere fast because Apple isn’t taking any risks like other companies are doing. Whatever growth Apple gets is going to be done very slowly using internal methods while rival companies are growing by feasting on acquisitions. Two months ago, many shareholders were sure Apple would reach $750 by the end of the year. Now, Apple is so damn far from that goal, it’s just unlikely to happen. Even $650 a share seems rather far away at this point.

The supposed trillion dollar company is barely past the halfway point and moving at a snail’s pace when it should be sprinting like a jackrabbit. That huge pile of reserve cash is merely collecting so much dust. The extremely critical supply chain is as weak as it ever was. I’m not privy to Apple’s long-term plans and I’m only calling it as I see it. I’m only saying that if Jeff Bezos knows how to keep investors buying stock in a money-losing company, then Apple should certainly be able to do it.

By: R2

R2 — Wed, 28 Nov 2012 04:59:08 +0000

I guess not with Obamanomics keeping the economy in stagnation for the next 4 years (at LEAST). How the hell did this guy get re-elected with damn near 8% unemployment? ACORN must still be on the loose.

By: edward

edward — Wed, 28 Nov 2012 04:54:33 +0000

they won’t get there anytime soon? it’s so funny. sorry but it will never happen. as I said before, the game has been changed. unlikely Steve era, Apple can’t keep up the same pace. apple will be ended up with similar situation like MS. I know that apple fanboys don’t want to believe it. but it will be happened. apple is over.

By: breeze

breeze — Wed, 28 Nov 2012 04:11:12 +0000

Bulshit. Sooner than you think.

By: KenC

KenC — Wed, 28 Nov 2012 04:09:41 +0000

“highly public bearish calls”

Yep, nothing like going on a publicity campaign on CNBC, Bloomberg and FoxBusiness to help your short position.

By: MacHeadB

MacHeadB — Wed, 28 Nov 2012 04:01:57 +0000

Buy as much AAPL below $600 a share while you can. Buy long term Put options against Amazon for January 14

By: BMWTwisty

BMWTwisty — Wed, 28 Nov 2012 03:59:40 +0000

As long as the loonies continue to irrationally value Amazon at a higher price than AAPL then this story is correct and AAPL will continue to languish at the sub $700 range.