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Anyone buy more apple today?

Posted on 3/1/13 at 3:07 pm
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 3/1/13 at 3:07 pm
Wow $430 at close, I bought more at $432, this is getting crazy, people act like apple will be obsolete soon, one walk past one of their stores will give you all the investor confidence you need. They just had the biggest quarter in the history of the world, I guess unless you grow at 100% year over year and create a new category of product every few years your going broke

All I have to say is if all these analysts feel a company with $137B in cash is about to have a rough few years and needs the cash to weather the storm, then god help all the other tech companies out there without that much cash lying around

Anyone out there still like Apple's Upside and future?
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 3/1/13 at 3:10 pm to
quote:

this is getting crazy,


Crazy? it's still the most valuable traded company in the world.

quote:

Anyone out there still like Apple's Upside and future?


I think it has more upside than down for the next year.
Posted by CajunFootball
Jackson, Mississippi
Member since Oct 2010
19432 posts
Posted on 3/1/13 at 3:15 pm to
quote:

Anyone out there still like Apple's Upside and future?


I don't see them going anywhere yet, but they are lagging. Without Steve Jobs confidence is down, and I don't blame anyone.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69890 posts
Posted on 3/1/13 at 3:15 pm to
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 3/1/13 at 3:19 pm to
How does a company that had a NET PROFIT of $13B in the last quarter constitute LAGGING?

To put that in perspective, they made 2.5x more last quarter than Amazon has made since inception

Last quarter Apple made $13B...

General Electric Made $4B,Procter Gamble made $4.1B, microsoft made $6.4B, and Exxon made $10B

so put those giants in perspective and tell me how apple is Lagging? yes there's no new product in the pipeline but they're still making crazy money, they're adding one new apple store basically every 10 days, those crazy little stores that net near $20m/year, they probably release a watch and a TV in the next 3 years, not to mention, now that China Mobile is rolling out a 4g network, they probably finalize the deal with biggest phone carrier in the world thats 6x the size of ATT.......again I ask you.....HOW IS APPLE LAGGING

o ya no 100% year over year growth.....i forgot
This post was edited on 3/1/13 at 3:22 pm
Posted by Lsut81
Member since Jun 2005
80087 posts
Posted on 3/1/13 at 3:28 pm to
quote:

Crazy? it's still the most valuable traded company in the world.



I thought Amazon overtook them again in the last few weeks
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 3/1/13 at 3:38 pm to
Amazon are you serious? Amazon in 15 years has made 1/3 in total of what apple made last quarter....no seriously
Posted by Lsut81
Member since Jun 2005
80087 posts
Posted on 3/1/13 at 3:46 pm to
quote:

Amazon are you serious? Amazon in 15 years has made 1/3 in total of what apple made last quarter....no seriously


Geez, get the sand out of your vagina...

I said "I thought" I knew either Google or Amazon overtook them in something.


It was Exxon that overtook them as the most valuable company and Google that overtook them for stock price.
Posted by LSURussian
Member since Feb 2005
126918 posts
Posted on 3/1/13 at 4:18 pm to
quote:

people act like apple will be obsolete soon,
Who? I've not seen a single poster on here or a single stock analyst on CNBC come close to claiming that.

What I HAVE seen and heard is people questioning if Apple's glory days are over or if there is a clear sense of direction for the company and its products post Steve Jobs?

Both of those are valid questions, IMO.
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 3/1/13 at 4:25 pm to
quote:

How does a company that had a NET PROFIT of $13B in the last quarter constitute LAGGING?

To put that in perspective, they made 2.5x more last quarter than Amazon has made since inception

Last quarter Apple made $13B...


Well if earnings mean so much, exxon made $44B last year. AAPL made 41. So exxon should be worth more. Still room to drop... Or maybe we shouldn't compare companies with very little similarities in business models...
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 3/1/13 at 4:25 pm to
quote:

How does a company that had a NET PROFIT of $13B in the last quarter constitute LAGGING?

To put that in perspective, they made 2.5x more last quarter than Amazon has made since inception

Last quarter Apple made $13B...


Well if earnings mean so much, exxon made $44B last year. AAPL made 41. So exxon should be worth more. Still room to drop... Or maybe we shouldn't compare companies with very little similarities in business models...
Posted by Tigerpaw123
Louisiana
Member since Mar 2007
17251 posts
Posted on 3/1/13 at 4:47 pm to
quote:

Wow $430 at close, I bought more at $432, this is getting crazy, people act like apple will be obsolete soon



ever hear of Enron?
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 3/1/13 at 4:58 pm to
Did you really just compare apple to enron? Enron was a fraud in case you never saw past the stock price decline....

As for exxon....it is worth more than apple, and if you mean why aren't exxon shares worth more than $430 a share then you have a completely separate issue bc you dont understand why stock prices are certain prices bc of the amount of available shares.

Wow......both of you....
Posted by polizei11
Houston
Member since May 2009
1135 posts
Posted on 3/1/13 at 5:12 pm to
Damn dude you are loving you some Apple. It's stock is dropping because people are thinking that Apple can't sustain its growth and that it has no more game changers like the iPod/iPhone/iPad.
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 3/1/13 at 5:19 pm to
they may or may not have any more game changers but does that mean their $13B in profit, $137B in cash and growing is about to just fall off a cliff and turn into them losing money? The goal is to buy profitable companies at solid valuations....their valuation is solid, so is exxons just saying the price is insane for how well run a company they are.
Posted by LSURussian
Member since Feb 2005
126918 posts
Posted on 3/1/13 at 5:26 pm to
quote:

and turn into them losing money?

They don't have to lose money to be considered as "falling off a cliff."

They only have to see their growth slowing just as what happened to MSFT a decade ago. And MSFT has never "lost money."
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 3/1/13 at 5:31 pm to
but russian there's a point of where apple shares can go, youre one of my favorite posters on here but what what Im saying is the cash apple has on hand is over $130 per share

so at todays price its $295 for apple and $135 for the cash they have assuming they've added a little more this quarter

Then you have the value of the brand which was valued at $87B, just the brand

LINK

So let's say the name Apple and the Cash is over $200 a share and with the amount of cash they're hoarding about $275/share in another year or 2

How much lower can the share price go without apple saying lets take this bad boy private.....I mean $200B in cash on hand in a few quarters is nothing to sneeze at, exxon doesn't even have that type of cash on hand
Posted by Korkstand
Member since Nov 2003
28697 posts
Posted on 3/1/13 at 5:32 pm to
quote:

they may or may not have any more game changers but does that mean their $13B in profit, $137B in cash and growing is about to just fall off a cliff and turn into them losing money?

It's hard enough to look forward several years in any industry, much less an industry as finicky as tech. A tech company has to adapt quickly, and Apple just doesn't appear to be doing that. They seem to be losing their edge.
Posted by LSURussian
Member since Feb 2005
126918 posts
Posted on 3/1/13 at 5:38 pm to
quote:

what Im saying is the cash apple has on hand is over $130 per share

And that has already been factored in the current stock price.

Plus, a big chunk of that cash is deposited overseas and Apple can't bring it back to the U.S. because if it did it would have to pay up to 35% U.S. marginal income taxes on it. That negates being able to include all of the cash in the stock's price.


Posted by aaronb023
TeamBunt CEO
Member since Feb 2005
11774 posts
Posted on 3/1/13 at 6:43 pm to
don't want to hijack the thread but is anyone buying blackberry?
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