“It’s happened again: The stock of the most beloved company in the world, Apple (AAPL), has dropped more than a third off its highs. Of course this means that no one likes it anymore,” Henry Blodget writes for SIlicon Alley Insider.
“Well, wake up, people! If you really think that Apple’s going to take over the world, this is the time to love the stock, not when it claws its way back toward $200 again,” Blodget writes.
“Apple’s stock just isn’t that expensive anymore. At $127, the stock is trading at about 25X trailing earnings (that’s trailing, not analysts’ hallucinations about what is going to happen over the next few years),” Blodget writes.
Full article here.
Right! But I sold some AAPL to pay off credit card debt.
What I should have done was to sit on the debt and wait for the government bailout!
Forget responsibility!
Well this thread is getting hijacked by political discussion rather early.
Dollar Cost Averaging. Getting ready to make ninth buy.
Well, I am heavily invested in Apple stock. If you take the value of the KNOW percentages of markets that Apple dominates and the more than 21 billion that Apple has in the bank, you could get the REAL value of AAPL. And as Apple goes from 5% to 10% to 20% of the worlds PC market, you see AAPL’s REAL value.
Yeah,
How about measuring shares by clicks on website or cars owned by employees. Take a look at the P/E and stop telling me that AAPL is a bargain. And don’t waste my time with might might happen in the future. Steve Jobs steps down tomorrow, AAPL will see 29 USD as a price, not 290 USD.
Yep, wish the government would have taken my old house off my hands during this housing implosion.
Coulda used that extra $30K, but hey those Wall street types do need help. How else are they gonna buy their next $5,000 suit with matching cuff links.
Let the damn banks die. They made the bad loans, let them suffer some.
I’m completely with you, MaLvado! The only true losers in this market/economy shake out are the suckers who paid upfront for their equities, their houses, their cars, their clothes, their vacations, and their lives in general.
Where’s the bailout for The Responsibles?
That said, more AAPL for me!
*currently deciding how many shares to buy*
You know what would be helpful? Is if even *one* of these stories about stock prices ever had any kind of information on how one actually goes about buying stock.
I have several times over the last year thought of buying stock, but just being an average, non-suit wearing, non-business, working person with no agents, financial advisors, or friendly bank, I have no idea how to do it. I have googled it for long periods of time, but all you find is a lot of advertisements as usual.
The other related factor is teh Internets are all under the impression that the USA is the whole world and so 90% of the business links in particular are useless to anyone from another country like me.
The guy up there complaining about p/e ratio is clueless and should be investing in baseball cards instead. Apple has the most attractive p/e among all the tech growth stocks right now. Where do these guys come from?
@Just Wondering
Do you make all your decisions based upon P/E?
Go to an Apple Store…look at its product line…look at its continuous growth…look at the market share room for growth…look at all the competitive crap they have to cut through each and every time and how they continuously make everyone else look sick. Then do your P/E check and buy MSFT and get your measly dividend on their three year growth downturn.
But don’t dare look at their product line.
@Jeremy
Try out etrade.com. You have to do some initial setup to transfer money from your bank to etrade, but after that you can go about transferring money and purchasing stock easily enough. I’ve used that both times AAPL dropped low enough to look like a good buy for me, and I had never purchased stock before.
Just Wondering runs a hedge fund.
“If Fannie Mae and Freddie Mac continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road, we are placing the total financial system of the future at a substantial risk.”
– 2005 Alan Greenspan
For the first time in history, a serious Fannie and Freddie reform bill S.190, was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.
– January 26, 2005
But the bill didn’t become law, for a simple reason: Democrats opposed it on a party-line vote in the committee.
Check who was one of the three cosponsors.
Who ya want running the country now?
@Think
Sure. Give me four more years of the idiots who ran the country into the ground. You, remember them, don’t you? The Republicans?
not one for censorship. but today I am in a crabby mood and can’t stand reading stupid political comments.
as for apple stock, good time to buy, but I will probably wait until after the election, until then there is just too much uncertainty.
@Radius…
You are as inept in your political thinking as you are naive in your ability to not see that Mac users are elitist.
If you do bother to trace the roots of the housing and credit crisis you will find that many of the lax credit policies that have led to this collapse can be traced right to the door of the Clinton Administration.
Which does not absolve the Republicans for responsibility in any way, shape, form, or fashion. The Republicans did nothing to correct the situation and in fact allowed the disaster in the making to continue while increasing government spending like drunken liberals, AND lowering taxes, AND starting a costly war.
But to drop this only in the laps of Republicans is naive at best.
@Thelonius
I am a Mac user and a PC user and am not an elitist, therefore the statement that all Mac users are elitists is incorrect.
The Republicans cannot pass the buck to the Democrats for this huge mess that, as you said, they could have done something about but did not. No. The Republicans were in power and the country is doing very poorly as a result. That speaks for itself.
@Radius
Who can pass laws in Washington? Congress.
Who has the majority in congress? Democrats.
Who promised lower gas prices if they got elected? Democrats.
They got the majority they wanted and we have seen gas skyrocket to oh, about $5 a gallon.
The president cannot make laws. He can only stamp his approval or veto them.
1/25 rate means 4% of income above investments per year. If there would be no speculations on shares, then even 127$ price is too high.
Any bank offers more profits than 4% and such percentage is just about inflation anyway so it does not make sense to buy shares other than in hopes that those will raise significantly — thus those could be sold with great margin.
Without speculations, fair price for Apple’s share is about $30 or something — it would make 16% per year income. However, of course, this is only theoretical since there are always speculations.
Good afternoon, morons.
This is just a friendly reminder that Democrats and Republicans both do the same thing: screw the taxpayer.
So you can choose between: 1) the Democrats screwing you by lowering taxes for middle america (now) with a big bill later for all the out-of-control spending; or 2) the Republicans screwing you by giving a lower tax rate for Companies, so you keep your job, and then you get the big bill later for all the out-of-control spending.
What’s the difference really?
Aside from about 100 million American voters, who the fuck else cares about petty American party politics?
Personally, being angry at the government bailing out wealthy people who made terrible decisions should be and IS a bipartisan issue.
Actually, it should be a multipartisan condemnation of a Congress that has been asleep at the switch for over a decade (and that’s very generous). Both major parties have let down the American people. If you disagree and think either the Democrat or Republican party have been putting the best interests of the country over their own power grabs, you haven’t been paying attention.
in FY 09 apple will have 30 bn on the bank and earnings of $7 a share. and that’s an even conservative guess. makes an PE ex cash of 14. seems cheap to me. but i have all i got in it anyway otherwise i would buy some more.
@Thisson:
Are you blind, stupid or both???