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Apple is approaching $400....would you buy it before earnings?

Posted on 4/17/13 at 9:12 am
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 4/17/13 at 9:12 am
with $150B in cash on hand its trading at about 6x earnings if you take that into consideration.....just WOW
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 4/17/13 at 9:14 am to
quote:

Apple is approaching $400....would you buy it before earnings?

Too much uncertainty for me.
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
9284 posts
Posted on 4/17/13 at 10:13 am to
quote:

with $150B in cash on hand its trading at about 6x earnings if you take that into consideration.....just WOW


What will earnings be in 3-5 yrs? What will the android base be doing? What will other competitors be doing? Where are all the fan boys from recent years?
Posted by ItNeverRains
37069
Member since Oct 2007
25589 posts
Posted on 4/17/13 at 11:53 am to
3-5 yr I honestly think PM's are a better buy than Apple.

Having said that, load up the truck on Apple, the jinx is on
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23485 posts
Posted on 4/17/13 at 12:08 pm to
I bought some at 423 two days ago and will buy more today
It is a 1 report away from hitting the 500$ mark IMO
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 4/17/13 at 1:05 pm to
AAPL has lost ~43% of it's value in the last 7 months while the general market has made new all time highs. This is not the sign of a healthy stock that one should like at buying and holding for a long term investment.
Posted by Captain Ron
Location: Ted's
Member since Dec 2012
4340 posts
Posted on 4/17/13 at 4:01 pm to
quote:

Apple is approaching $400....would you buy it before earnings?


Two years ago, it was in a similar position heading into May.

Earnings were awesome, but the stock sagged in May before it started climbing about $400 and throughout 2012.

I'd wait until Jun/Jul..
Posted by acgeaux129
We are BR
Member since Sep 2007
15011 posts
Posted on 4/18/13 at 5:02 pm to
Trading at half the valuation of MSFT is just absurd to me.
Posted by CajunAlum Tiger Fan
The Great State of Louisiana
Member since Jan 2008
7880 posts
Posted on 4/21/13 at 10:49 pm to
Nice thoughts so far in this thread, I always learn from the experts on this board.

I was lucky enough to buy Apple before the last split at ~$40 and thought I would hold it for 20 years. Outside of reasons based on fundamentals or analysis, I sold because naming an operations manager as CEO of such an innovative company sent the wrong signal and wouldn't work long term. He's a career supply chain guy and he's probably damn good at it, but that's the opposite end of the spectrum from the leader that AAPL needs.

I hope to buy again at some point, but not while Cook is at the helm.
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