“Apple Inc. as a ‘value play?’ Seems counter-intuitive to think of a company trading at better than 20 times next year’s earnings as a “value,” but maybe–just maybe–the Street is coming around to the idea that the growth and potential of this company seem horribly undervalued,” Jim Goldman reports for CNBC.
“The latest to join the Apple ‘party’ is Citigroup analyst Richard Gardner who put Apple on the firm’s ‘Top Picks Live’ list yesterday, Citi’s top picks of 59 stocks that show the greatest potential for growth. Despite the steep sell-off recently, Citi maintains its $212 target. And because of the steep sell-off, Citi says Apple offers enormous value right now,” Goldman reports.
“Apple shares are off 37 percent so far this year. The stock is inching back as the clouds on Wall Street begin to dissipate, and the Apple story re-captures a kind of clarity missing these past few months,” Goldman reports.
Full article here.
The clarity of Apple’s story was never obscured for those not easily blinded by the rather transparent manipulations of others.
Looks like the big hedge funds are starting to get back in. Now they will run the stock to about 250 before they smash it and run it up even higher. The pattern continues. For those with iron nerves, you will make a lot on the way to $600 a share. I am in. May the force be with you.
It’ll come around.
Hang in there
-Steve Jobs
Oh, please, please, please make it to $600.
Yes, I’m shamelessly begging and pleading.
Come on, Apple!
Daddy needs a new pair of houses…..
Last chance to buy AAPL under $130… again.
If it’s so undervalued then why is it one of a few stocks thats not up in a big up day?
from ‘Uh Oh’. Here’s the answer:
Steve’s obsession with ‘great products’ that have run their course.
It’s not the fundamentals, or the horde of cash, or the glitz of plastic and aluminum – it’s all about serious investors looking for serious companies for the long run.
Apple doesn’t look like such a company right now.
ooh look mr doom and gloom Good Question is back with his “apple is making toys, not a serious company” nonsense again.
Your rants are old dude.
Up a little, Down a little, mostly down to flat until June 09
@macromancer
‘your rants are old dude’ – true, but dead center on target – lest you need to be reminded
btw, what’s your answer? you think another tunes player or phone is going to drive AAPL to $600?
Where’s my MBP? I’m waiting.
Apple has one trick up it’s sleeve that it has held on to for a very long time, which is gaming. Right now, they aren’t a gaming company at all. There are very few games on Macs, none on the iPhone and a couple on the iPod. If they just add flash to the iPhone, you now have one of the most powerful gaming devices on the net that will instantly have multiplayer gaming. Mind you, not mind blowing graphics, however a flash game would take a fraction of the power of a 3D game.
Throw in a GOOD video card on a MBP and you now have the best gaming laptop available. If/when they pull the trigger to bring gaming to the Mac platforms, they’ll generate a ton more income.
The other thing they need to really push is AppleTV (which is a horrible name btw). If they can get the rentals going, add simple internet features to the AppleTV like IM and Skype and Email and make the iPhone the remote for the AppleTV, it would make it a way more desired piece of hardware.
The one poster does have a good point, Apple needs to expand it’s products eventually, rather than continuously upgrading what they already have. It has been the debut of new products that have driven up the stock, rather than upgrades. I’ve held on through the huge drop, (though, in retrospect, it would have been better to sell off and then rebuy), but I think it’s safe to say Apple will climb back up with the amount of cash they have and their ability to reinvent consumer products.
Todays price will look like it was a gift when it’s back up at 250…
And then we’ll say ‘we knew Apple was set to do well and capture a substantial slug of the computer/handheld/phone/movie rentals/music businesses’.
Why didn’t we sell the house…bangs head against wall!!
Down another $2 and change as I write this.
LOL.
And MDN must think it is a conspiracy theory behind the drop of Apple stock!
Double LOL.
MDN – u think maybe Al Gore is shorting Apple stock because he is going to become a member of Bill Gates` bored of directors???
” It has been the debut of new products that have driven up the stock, rather than upgrades.”
Wrong. It is the expectation of earnings growth that drives an equity. If upgrading existing products accomplishes that then so be it.
I’m very happy with Apple’s product pipeline. Whether they be upgrades or new, it matters not, as long as they drive earnings.
“It has been the debut of new products that have driven up the stock, rather than upgrades.”
Mmmm…and I suppose the development of the iPod since 2001 didn’t do anything. Or the development of OSX.
Sorry but that is rubbish. Apple will stick with a few lines that it knows it can be the best in.
i.e. NOT a Microsoft, dabbling in anything and everything and failing most of it.
The clarity of Apple’s story was never obscured for those not easily blinded by the rather transparent manipulations of others.
LOL! That has to be the most preening, self-righteous, egotistical thing MDN has ever said. It’s like read Pravda (which means “Truth”) from the old days of the Soviet Union.
“Glorious, Soviet Socialist Comrades expects humungous production increases thereby proving vast superiority of Soviet Socialist production model.” It was sort of pathetic and funny reading how the Soviet Union was always about to steam roll the West with their Superior Soviet Socialist Economic Model. It never happened but every year, they predicted they would.
Gawd, who’s the manipulator! They used to say There was no Pravda in Truth and no Truth in Pravda. I wouldn’t put much faith in MDN either.
Anyhoo, Apple isn’t the USSR and its products actually work and are in demand though I wouldn’t bet anything on this stock market.
It’s almost certainly a SUCKERS RALLY!
LOL – LOL – LOL
Apple is down $3 as this is written.
I guess MDN is trying to pump their shares back to $200 where they bought them…
Stock is getting beaten with the ugly stick.
stop worrying about stockprice.
you’re supposed to invest for the long-term… unless you’re a profit-taker or, even worse, a day trader.
We’ll see… but I, for one, am betting on Apple. Too many good things in the pipeline.
1. iTunes/AppleTV video rentals/downloads—they finally have all the studios and a slick delivery mechanism—buh, bye cable. This was the least sexy announcement at MW but probably has the most revenue potential with very little risk.
2. iPhones are really just getting off the ground—by this time next year, more models/price points and more countries and a year’s worth of software development, thanks to the SDK.
3. Macs continue to take market share. Every extra 1% is about $1 billion in revenue.
4. iTunes/iPods continue their dominating,money-making machine, only now with wifi which will open up new revenue streams for Apple. (think Starbucks experience, only on a grander scale)
Now if the whole economy goes down the crapper, then all bets are off, but then again, almost any investment would be at least as risky as Apple.
Jim Goldman on Friday, January 18, 2008, AAPL closed at $161.36
http://www.macdailynews.com/index.php/weblog/comments/16117/
Apple reports earnings next Tuesday, and while the shorts and naysayers continue to beat the uncertainty drum, the company is probably sitting prettier than any other big name in big name tech nowadays.
[…]
I’ve talked to a number of insiders and analysts who say shares seem to be setting up for a nice pop if Apple can blow through its earnings as the company has done in the past.
Well, Apple blew through its earnings and there was a nice pop, but in the wrong direction. AAPL closed today at $124.91.
The only explanation why Jim Goldmans prediction failed is this: there is some kind of evil conspiracy as we can see from the transparent manipulation revealed (not in detail) by MDN. Big investors are throwing away billions just to make Apple look bad. That’s sick and unfair!
Remember the rule: AAPL goes up on merit, down on manipulation.
Note: “shares seem to be setting up for a nice pop” or “Top Picks Live” are not manipulation, they are analysis.
Another beating. Maybe the next gen MBA will be thinner and the stock will go up.
Its earnings people, earnings. Earnings will push the stock price up. The plot may be temporarily “lost” sometimes (as its doing now), but eventually it all falls back to earnings.
Me? Looking at Apple’s financial history and probable future, I’ll be adding to my current AAPL and will be around for the long haul!
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