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You do know that @ 400 AAPL has a market cap of ~$380B? That would make AAPL the second most valuable company on the NYSE behind XOM.
EDIT: And according to FT, @ 400 they value AAPL as the world's second most valuable publicly traded company (not just the NYSE).
This post has been edited 2 times, most recently by 2TimeSpartan 15 months ago
Been keeping an eye on this all day, finally put in a buy order a few minutes ago.
Already up $1.
I realize that the company can in theory go to 350 dollars and it is possible if macro issues flare up. Their is no reason that AAPL should be trading at a 6 ex cash P/E. At 350 it would be a 4 P/E ex cash. With a revenue growth rate of 22 percent year over year that valuation is insane.
Comparison AAPL vs XOM
Market caps are pretty even right now at 423 Billion for AAPL and 416 Billion in XOM .
Forward PE at today's prices: AAPL 9 XOM 11.33
If the stock price hits 350 then it would be AAPL 7 XOM 11.33. The price of natural gas has fallen apart from the high's and oil has been pretty flat. Unless AAPL loses its subsidy pricing power or builds a shitty phone then their is really nothing stopping the company.
Look at the growth year over year in tangible assets from both XOM and AAPL. They have different fiscal years so I am assuming that TA go up to 170 billion which would be the average of the last 3 quarters.
Sept 30,2012 2011 2010
Net Tangible Assets AAPL 112,851,000 72,183,000 46,708,000
Net Tangible Assets XOM (170,000,000) 154,396,000 146,839,000
Projected 2013 and 2014 Tangible Assets with no growth from AAPL or XOM
152 Billion 192 Billion AAPL XOM 186 Billion 202 Billion
AAPL has 137.3 Billion in cash which is not really invested in cash equivalents because AAPL runs their cash like a Hedge Fund.
XOM has 51 Billion in cash. I would rather own a company with more liquid assets and the firepower to buy back stock or raise the dividend.
The big catalyst: AAPL has been in discussions with China Mobile which when announced will absolutely make the stock fly.
You guys will find this funny.
Full disclosure: I have an android phone, tablet, google TV, and use all google services.
Long AAPL stock for the first time at 486 and may average down if it gets to 425.
This post has been edited 2 times, most recently by msumak424 15 months ago
So how do you know that Apple has been in talks with China mobile if it hasn't been announced?
As speculated following his arrival in China earlier this week, Apple CEO Tim Cook has met with representatives of China Mobile, the world's largest carrier. Reuters notes that the two sides discussed "cooperation", but no additional information on the status of long-running negotiations over the iPhone have been revealed.
"In the morning, Apple's CEO Tim Cook visited China Mobile's headquarters. China Mobile's Chairman Xi Guohua and Tim Cook discussed matters of cooperation," said Li Jun, a China Mobile spokesman, in an emailed statement. [...]
Talks between Apple and China Mobile have been going on for years and are stuck on revenue sharing terms, analysts said, so it is tough to say if this meeting would break new ground.
Tim Cook meeting with China’s Minister of Industry and Information Technology Miao Wei earlier this week (Source: MIIT)
Cook also sat down with Sina Technology for an exclusive interview [Google translation] in which he touched on a number of topics. Notably, Cook shared that although this was his second visit to China as CEO of Apple, he has visited China numerous times since 1996 and he has observed tremendous changes over that time.
Cook also highlighted Apple's efforts to raise its profile in China, reiterating plans to grow its retail presence from the current 11 stores in Greater China to at least 25 locations. Apple is also working to speed up the approval process for Apple products in China, moves which would allow product launches in China to occur closer to the first waves that generally include the United States and perhaps 5-10 other countries.
As he has in several other settings, Cook skirted discussion of Apple's plans for the television market, noting that he uses and loves the current Apple TV set-top box but that the market does not yet offer similar potential to the smartphone market. As he usually does when confronted with questions about television, Cook shared only that Apple remains very interested in the market and acknowledged that he can not discuss any future plans for the company.
Off another $4.50 today. Down about $125 a share since November.
down over 2%, 440/sh. Down 260+ pts since mid- Sept
The big money will be able to push the stock down to 425 but after that their is plenty of support.
Phil, did you buy at $523? Ended the day down $10.62 to $439.88. Down another $.38 in after hours.
Ok today we'll see support, right?
From Yahoo! Finance: While the Dow remains in reach of a new all-time high, some stocks, including Apple, can't avoid the woodshed.
In hindsight, that was a terrible call. No one should listen to anything I'm saying on this board about stock.
Stock will be back. Just have a long strategy on it, and you'll be fine.
Dominating Press Conferences Since 2007
Question is, where is the bottom? Last time Jobs wasn't in charge they were almost OOB.
Also, this is in the middle of a very over inflated market. Many experts are predicting a 10-25% correction soon. AAPL could go much much lower if that happens.
PEG ratio of .7, yield of over 2% and $137 Billion in cash... not sure what im missing but unless Apple launches a raping children app the fair value is around $600 which is almost a 50% return at these levels.
Ok, so put your money where your mouth is.
Unfortunately, the facts have little to do with the price right now.
In short, people are stupid and there is a chance they could get a lot dumber in the coming months.
I have a feeling Apple may become a safety stock and a place of refuge when the correction hits.
Didn't think we'd see this low again. Thinking about buying more soon... That $419 was damned tempting
Tech stocks with high amounts of cash on the balance sheet were definitely safety stocks during the last correction and personal tech in general is almost a consumer staple at this point ala the home phones in the 80-90's. I bought apple @ 450 last month and will buy more all the way down if it goes, apple is a cash flow machine now like Microsoft was in the 90's only with a very cheap valuation, albeit with a more volatile product.
If I owned it, I would be demanding they bring Jobs back.
"As far as the downvotes. It's a gnat biting an lion"
-- A member of tRCMB Justice League, taking the internet WAY WAY too seriously.
Jus because you type it doesn't make it true. Define soon
Oh okay. Well here is one perspective:
Like all good things, the performance-enhancing policies must come to an end.
I'm going all cash. Then when the market drops again, I'm going to buy back in and laugh all the way to an early retirement.
Iwatch looks pretty cool.
Keeping the sunshiners in check since 2000.
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