quote:
Are you serious? Just because Apple hasn't done anything doesn't mean they wont. You guys keep selling your apple, I certainly have a ton and have added more here recently in the low 90s, my whole basis is $47 so I really dont care, but the reality is, they're boosting the dividend every year, their cash is growing and apple is going to be a monster for the rest of our lives bc their ecosystem has people locked in for the most part. Apple could buy tesla, but why? Its not like Tesla has technology apple cant duplicate. Apple will probably sit around, let tesla do all the innovating, and when tesla perfects the car battery apple will jump in and build 5x as many gigafactories with all their cash and just get to work launching cars then.

First off, nobody is advocating to sell it all, but you certainly seem to be advocating to buy at any expense.

I don't even want to address the fact that you think Apple will start manufacturing cars without making any acquisitions because that is just pure insanity.

I'm not trying to "hate" or call you a bad investor, but I think you need to take off the fanboy glasses for a second. Apple has not innovated in over 5 years. The rode the gravy train of the iPhone and it appears that is fading. For now at least. These are facts.

Bottom line, Apple will continue to be a solid investment, but there is certainly no reason to rush out and buy any right now.

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Posted by dabigfella

Member since Mar 2016

6687 posts

Posted on 5/3/16 at 9:31 pm to TigerDeBaiter

You act like just because they havent rushed out to make an acquisition during this bull market that they're ignorant. You have companies trading at some of the most ridiculous multiples we've ever seen in the tech world yet you want apple to go out there and overpay??? If you haven't noticed Apple & Gilead are both the leaders in their fields tech & medicine and neither one has made a horribly overpriced acquisition in the recent bull markets....coincidence? I think not. Prudent management doesnt simply go out and buy things just bc they have piles of cash, I mean my god.

Apple has done nothing wrong, just bc they're not constantly buying companies and investing new products doesnt mean its junk. They trade at a ridiculous multiple to the point where if it traded like everything else it would prob be $140/share or more. The fact they have a mountain of cash just means they can weather a storm better than others. It really makes no sense to me when people talk about apples numbers and numbers dropping, the numbers are so ridiculous that it doesnt even matter. Look at apples market cap vs something like amazon with nominal profits and tell me if you think apple isnt a steal. Apple may not have something up its sleeve today, but it will, and when it does, it will have the cash to execute a plan without secondarying all over shareholders.

Apple is slowly taking more and more money from its loyal customers monthly, apple music now is $9.99 and people are paying for it. Apple is brilliant on so many levels, if they wanted to launch streaming, netflix and hulu would be in trouble. If they wanted to build a tv, every other tv maker would be in trouble, most people with apple products are so satisfied with their product that they would literally buy and pay just about any price apple puts on any new product.

This post was edited on 5/3/16 at 9:34 pm

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