“MarketWatch debuted the same year that Steve Jobs reclaimed the CEO slot at Apple Inc., the iconic computer maker that he founded and has since transformed into a consumer electronics powerhouse known as much for its digital music players and wireless phones as for its popular line of Mac computers,” Dan Gallagher reports for MarketWatch.
“Apple has been one of the best performing stocks since MarketWatch debuted in October of 1997 — the second-best, in fact — rising more than 3,500% between then and October of this year, according to Ford Equity Research,” Gallagher reports.
“Only one stock from the NYSE and Nasdaq has managed to outperform Apple during that time. Chico’s FAS Inc., a specialty retailer of women’s apparel, managed to rise nearly 3,800% during that same time,” Gallagher reports.
“Much of Chico’s success is due to a low starting point. When adjusted for multiple splits in the past decade, Chico’s was trading at less than 40 cents a share in late 1997. The stock has actually been on the decline since peaking near the $50 mark in early 2006,” Gallagher reports.
Full article here.
[Thanks to MacDailyNews Reader “Nathan” for the heads up.]
“risky scheme” means that the goverment wasn’t sure they could get their cut
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Re: Ballmer Dress Up Game
“This is freakin’ hilarious (especially when you take his shirt and pants off)!”
The doctor says my blindness is temporary and was probably cause by some sort of horrible, gut-wrenching image. The projectile vomiting should subside this week. For awhile, I just wanted to die.
@Let’s Be Franz,
Correction. Approximately 50% of English is derived from Latin.
Veni, Vidi, Vici!
Yes, I took Latin in high school and college just so I could converse with the pope one day.
I bought at $6/share, split adjusted. I bet the farm. Then, late in the game, I transfered all of my 401k and IRA accounts into a roll over IRA composed of one stock, AAPL. I bought at about $122 just before the iPhone was released. I’m into the seven figures (US dollars).
I can just imagine the number of people not too far from leaving Apple. With options out there, taking 10 years to expire… Now, just have to wonder if they will exercise them or buy them at the origional price and hope they continue to rise. Why would anyone continue to work when they have about 3000 options vesting every year when the firm purchase price is less than $20. That is close to 500k a year in options at their current price. Not to mention the ability to buy stock 15% cheaper than what it is traded for. And 401K… even if you only put 10% of your 401k contribution into AAPL you are sitting on a gold mine. (if you have been an employee for 20 year)
@Let’s Be Franz
yes of course most english comes from german (the anglo saxons)
but “recently” (the last 400 years or so), many words have come from french.
OK -but your comparing Apple to a penny stock in Chico’s.
“there are stocks like Apple out there to put a real smile on any investors face.”
If this article tells you anything it’s that Apple’s performance is an anomaly, not the rule.
To be even worth what it is today, all other things remaining the same, Apple would need to grow at about 23% every year for the next decade. lets say (for argument’s sake) that that was done on existing product lines, same product mix, same margins etc. Apple would need to be selling 60 million Macs a year and 410 million iPods a year a decade from now.
That’s the growth that’s already priced in to the stock.
Not fair you say, I want the stock to be worth at least double what it is now.
Well, you need 150 million Macs and 900 million iPods sold a year in decade from now.
Gee though you say, the 3500% gain sounds much better. Won’t I get that for the next decade too?
Well then you’re up to needing 1.6 billion Macs sold and 10 billion iPods every year.
No matter how optimistic you are about Apple’s future, the one thing that is sure is that we will not see sustained stock price growth next decade than matches the growth for the last one.
“I took Latin in high school and college just so I could converse with the pope one day.”
There’s only four words you need to understand for that, kneel, bob and bend over.
“many words have come from french.”
Like coward and surrender.