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My favorite bit: "I heard you have to have an adapter to use the dock on the new one." "Yeah, but they make the cooooolest adapters."
I have nothing against Apple or Apple products, but I think it was overhyped as an investment - the time to sell was when the analysts were going on about $1,000 a share targets. I do not want to be anywhere near the most widely owned stock on the planet, either (but that's just me) - too much daily BS pulling the stock in both directions, too much scrutiny, too much media.
Market sentiment tends to follow the price of something, not the other way around, so people don't like Apple because its stock price is down. There are reports in the news about lower orders to their suppliers, which as a shareholder I am suspicious of, but Apple reports earnings in a week so we'll have more information then.
This is not new news. So, initial production issues have undercut the production but even with the lowered production apple is expected to earn $50 next year. If this is true, the current price implies a P/E of 10. Back out the cash on balance sheet, P/E is down to 8 or so. I think this is cheap and a valuation that is more typical of financially troubled companies. It might be buying opportunity.
Having said that Blackberry maker RIM has been on a tear recently. Which would you take? RIM or Apple.
Note: I actually like the new 'lightning' connector. It is easier than micro-usb to use. It is more than a connector. There is an embedded chip in the connector that reprograms the signals so the same cable can actually function for multiple application purposes (data, audio, video and some new application that is not available yet). It is smarter than a regular cable. One thing I do not like is the cost. But, it sure does add to Apple's profits if you are an Apple stock owner.
Comments
I have nothing against Apple or Apple products, but I think it was overhyped as an investment - the time to sell was when the analysts were going on about $1,000 a share targets. I do not want to be anywhere near the most widely owned stock on the planet, either (but that's just me) - too much daily BS pulling the stock in both directions, too much scrutiny, too much media.
http://news.morningstar.com/articlenet/article.aspx?id=580928
Having said that Blackberry maker RIM has been on a tear recently. Which would you take? RIM or Apple.
Note: I actually like the new 'lightning' connector. It is easier than micro-usb to use. It is more than a connector. There is an embedded chip in the connector that reprograms the signals so the same cable can actually function for multiple application purposes (data, audio, video and some new application that is not available yet). It is smarter than a regular cable. One thing I do not like is the cost. But, it sure does add to Apple's profits if you are an Apple stock owner.