Mav
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Post by Mav on Apr 23, 2014 13:43:39 GMT -8
Power overwhelming.
This year has as high a chance of being great for Apple is it can be, it seems.
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Post by Red Shirted Ensign on Apr 23, 2014 13:52:50 GMT -8
Let the upgrades begin!
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Post by dc930 on Apr 23, 2014 13:52:50 GMT -8
Come on NYT, sheesh. Apple’s Profit Climbs, but Cracks Are Showing www.nytimes.com/2014/04/24/technology/apples-profit-climbs-but-cracks-are-showing.html"The company continues to generate lots of profit. Apple’s earnings were $10.2 billion, up from $9.5 billion in the same quarter a year ago. But the increase was still small compared with the tremendous profit growth that the company had even just a couple of years ago. The latest results are almost certain to put pressure on Timothy D. Cook, the company’s chief executive, to release products in new categories — perhaps with a so-called smartwatch or even an Apple television — to lift the company’s financial growth."
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Post by tuffett on Apr 23, 2014 13:54:51 GMT -8
I've always thought that IDC/Gartner reports are complete trash. This confirms it.
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Post by Red Shirted Ensign on Apr 23, 2014 13:56:31 GMT -8
Come on NYT, sheesh. Apple’s Profit Climbs, but Cracks Are Showing www.nytimes.com/2014/04/24/technology/apples-profit-climbs-but-cracks-are-showing.html"The company continues to generate lots of profit. Apple’s earnings were $10.2 billion, up from $9.5 billion in the same quarter a year ago. But the increase was still small compared with the tremendous profit growth that the company had even just a couple of years ago. The latest results are almost certain to put pressure on Timothy D. Cook, the company’s chief executive, to release products in new categories — perhaps with a so-called smartwatch or even an Apple television — to lift the company’s financial growth." Yes Apple only earned 110 million dollars A DAY in the last quarter. The cracks are showing.
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Deleted
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Post by Deleted on Apr 23, 2014 13:57:00 GMT -8
To the NYT, CNBC and other Witless Talking Heads: F.U! As far as I'm concerned, they can take JD's spot in the prison shower.
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Post by lovemyipad on Apr 23, 2014 13:57:43 GMT -8
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Post by rob_london on Apr 23, 2014 13:58:19 GMT -8
Gene never disappoints...always the Apple TV question.
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Post by Red Shirted Ensign on Apr 23, 2014 13:58:55 GMT -8
They will triple the number of retail stores in China....And Angela knows how to sell in China with a premium brand.
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Post by ericinaustin on Apr 23, 2014 14:02:17 GMT -8
Soooo..... After my prediction this am I was in a meeting at lunch and saw patients right till 4:30 Austin time. Didn't want to look at a screen until I got to Houndstooth and had a beer in my hand.
Took a sip and tapped on pro boards and saw seven pages of comments and knew it was good .
As I said last year , I think China. Mobile is going to be the back stop for very pos. surprises for the next year or so. It is going to be a hell of a ride for awhile and we on this board have earned it.
Eric in Austin
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Mav
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Posts: 10,784
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Post by Mav on Apr 23, 2014 14:02:18 GMT -8
Buy and hold time. Oh well
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mark
fire starter
Posts: 1,574
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Post by mark on Apr 23, 2014 14:02:40 GMT -8
Gene never disappoints...always the Apple TV question. He's always hoping that someone lets something slip about the mythical "Apple TV" (not the little black box kind)
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Post by lovemyipad on Apr 23, 2014 14:04:16 GMT -8
Sooooooo nice NOT to have a small fortune on the line on earnings day!!!!!!! Me too ... Until I saw the results. LOL! I have "enough" to be thrilled! Just didn't want to risk portfolio decimation EVER again...
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Post by macwire on Apr 23, 2014 14:10:03 GMT -8
yeah never again!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Apr 23, 2014 14:13:03 GMT -8
Me too ... Until I saw the results. LOL! I have "enough" to be thrilled! Just didn't want to risk portfolio decimation EVER again... Hey bad e-mailer, respond to your e-mail, s'il te plait!
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Post by ericinaustin on Apr 23, 2014 14:19:49 GMT -8
The other thing about this report is I think it answers the " who won the smart phone war " question. Apple won and Samsung came in second. And that's without a bigger phone that the under 30 crowd wants. If they bring those out this year then Samsung will move to a distant second right when the battle for 600 million Chinese customers heats up. The mind boggles at the numbers if apple takes 60 To 80% of that market then pivots to India .
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Mav
Member
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Post by Mav on Apr 23, 2014 14:20:53 GMT -8
It doesn't need anything near 60% in Greater China to make a giant impact.
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Post by Zeke on Apr 23, 2014 14:21:38 GMT -8
Me too ... Until I saw the results. LOL! I have "enough" to be thrilled! Just didn't want to risk portfolio decimation EVER again... Yes, for once I talked myself into selling everything the day before earnings. I was determined not to get stung again. Things were looking very good until after the market closed. Now it's a question of when to get back in. ASAP is probably the answer, even at a $30 per share loss. I suspect it'll only get bigger with time.
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Post by phoebear611 on Apr 23, 2014 14:34:22 GMT -8
I remember Greg (Thurman) amongst very few others arguing against a split. It was inconceivable to them that people couldn't comprehend that the total value was still the same. The issue that they kept missing was the profile of the potential holders. More accessible to retail - harder for hedge funds or day traders to control - so on and so forth. You get what I am saying. My first call tonight was to my sisters who have been patiently waiting and hoping they could buy stock in a company whose products they know first-hand. I will venture to say that my sisters are not in a unique situation. My guess is that every broker out there tomorrow will be calling (at least they should be) to offer the news up. Many of these folks also tend to do buy-write strategies so maybe the vol on the calls may dampen as well...we'll see. I am sure some will be tempted to respond to say that studies have been done on stocks that split and there is no clear evidence that any appreciation, if any, was due to stock splits. My response is that we are in a very different behavioral investing environment for a multitude of reasons. Think of retail participation in this market 20 to 30 years ago - think of the global nature of this market - think of the technology advancements. More and more I see less relevance of the past to apply to various aspects of this market....including buy and hold forever. Sorry but the split - as Martha always says- "Is a good thing!"
Congrats to all longs - guess we can talk cars a bit now ;-)
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Mav
Member
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Posts: 10,784
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Post by Mav on Apr 23, 2014 14:35:53 GMT -8
There's a reason Apple went 7:1, I'm guessing.
There may yet be a trillion dollar market cap company someday. SOMEday.
Me, I'll be fine with $550B market cap for the "short" term.
Oppenheimer served Apple well, that much is beyond doubt. He and Maestri have put in some impressive foundations for future valuation.
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Post by capablanca on Apr 23, 2014 15:00:26 GMT -8
Just a notice for those new here, and a reminder for others:
The NYT hates Apple and has for years, especially Joe Norcea for whom it has become an obsession.
Comcast owns CNBC and they hate Apple.
Congrats to the longs.
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Post by Zeke on Apr 23, 2014 15:16:42 GMT -8
Yep, back in with an after hours trade or two. I don't care whether we're up or down tomorrow. We'll be over $100 (non-split $700) well before year's end.
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Post by nwjade on Apr 23, 2014 15:22:06 GMT -8
Yep, back in with an after hours trade or two. I don't care whether we're up or down tomorrow. We'll be over $100 (non-split $700) well before year's end. After split, back over 100 instead of 700 for new all time highs... gotta love it!
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Post by Volvocoupe on Apr 23, 2014 15:24:57 GMT -8
Yep, back in with an after hours trade or two. I don't care whether we're up or down tomorrow. We'll be over $100 (non-split $700) well before year's end. After split, back over 100 instead of 700 for new all time highs... gotta love it! Nice to see a better mood around here today. Congrats to those that had/have faith!
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Post by redinaustin on Apr 23, 2014 15:58:03 GMT -8
I remember Greg (Thurman) amongst very few others arguing against a split. It was inconceivable to them that people couldn't comprehend that the total value was still the same. The issue that they kept missing was the profile of the potential holders. More accessible to retail - harder for hedge funds or day traders to control - so on and so forth. You get what I am saying. My first call tonight was to my sisters who have been patiently waiting and hoping they could buy stock in a company whose products they know first-hand. I will venture to say that my sisters are not in a unique situation. My guess is that every broker out there tomorrow will be calling (at least they should be) to offer the news up. Many of these folks also tend to do buy-write strategies so maybe the vol on the calls may dampen as well...we'll see. I am sure some will be tempted to respond to say that studies have been done on stocks that split and there is no clear evidence that any appreciation, if any, was due to stock splits. My response is that we are in a very different behavioral investing environment for a multitude of reasons. Think of retail participation in this market 20 to 30 years ago - think of the global nature of this market - think of the technology advancements. More and more I see less relevance of the past to apply to various aspects of this market....including buy and hold forever. Sorry but the split - as Martha always says- "Is a good thing!" Congrats to all longs - guess we can talk cars a bit now ;-) Mine will be to my nephew (17). He holds 1 share of Tesla and 20 of Under Armour. Now that his account can buy AAPL it will be interesting to see if he does.
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Post by fas550 on Apr 23, 2014 15:59:36 GMT -8
I remember Greg (Thurman) amongst very few others arguing against a split. It was inconceivable to them that people couldn't comprehend that the total value was still the same. The issue that they kept missing was the profile of the potential holders... Congrats to all longs - guess we can talk cars a bit now ;-) Yeah it was only two years ago many of us advocating doing buybacks with that ridiculous amount of cash on-hand that could not be used for much else AND splitting the stock. Finally Mr. Forward thinking has done something about it and arguably because an activist investor put pressure on him to do so. Leading from lagging indicators. Anyway fair results but its past time for a catalyst to move this forward. Its a stock unfairly treated by WS although WS being fair is just a fairy tale to begin with. Wish fundamentals mattered as this would be easy. Obviously given the facts they don't. Just my .02
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Deleted
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Post by Deleted on Apr 23, 2014 16:10:16 GMT -8
Yep, back in with an after hours trade or two. I don't care whether we're up or down tomorrow. We'll be over $100 (non-split $700) well before year's end. I was so tempted to do the same. But I couldn't bring myself to do it. iPhones are now unpredictable again -- the new guidance model is already broken. I transferred some new money on Monday to take advantage of an AH swoon out of fear of June guidance. No one was talking about a split nor 43B+ iPhones. Hedging my bets, I committed half of the new money in shares during the regular session. Bought the rest in AH. If only Apple had split the stock in September....the timing of it w/Oppie passing the torch to Luca. Out of the blue.
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Post by po1nt on Apr 23, 2014 16:36:01 GMT -8
I remember Greg (Thurman) amongst very few others arguing against a split. It was inconceivable to them that people couldn't comprehend that the total value was still the same. The issue that they kept missing was the profile of the potential holders. More accessible to retail - harder for hedge funds or day traders to control - so on and so forth. You get what I am saying. My first call tonight was to my sisters who have been patiently waiting and hoping they could buy stock in a company whose products they know first-hand. I will venture to say that my sisters are not in a unique situation. My guess is that every broker out there tomorrow will be calling (at least they should be) to offer the news up. Many of these folks also tend to do buy-write strategies so maybe the vol on the calls may dampen as well...we'll see. I am sure some will be tempted to respond to say that studies have been done on stocks that split and there is no clear evidence that any appreciation, if any, was due to stock splits. My response is that we are in a very different behavioral investing environment for a multitude of reasons. Think of retail participation in this market 20 to 30 years ago - think of the global nature of this market - think of the technology advancements. More and more I see less relevance of the past to apply to various aspects of this market....including buy and hold forever. Sorry but the split - as Martha always says- "Is a good thing!" Congrats to all longs - guess we can talk cars a bit now ;-) As stupid as it is, it's true. My buddy (who owns NO stocks whatsoever) emailed be as soon a he heard the news of the split, and asked how he should go about buying AAPL.... People care. I see us being at $100 pretty quick, because all the little buyers don't really care if they get shares at $80 or $90, it's still "cheap" My Jan 2016 leaps that I have been adding all quarter will multiply by 7. and now hopefully much more! Cheers to the longs!
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Post by phoebear611 on Apr 23, 2014 16:43:31 GMT -8
Do you all remember the media asking WHO would be the natural buyer when the stock goes to $700? Everyone that wants AAPL, owns it already. There are no more buyers. Guess what...there is a whole world out there of folks that want it and now it will be attainable at a potential equivalent price of $700 ($100) in a short period of time. What TC has done is open it to a whole new market.
PS This will wreak havoc with the weeklies players. Wonder how they will try to whip things around now?!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Apr 23, 2014 16:48:01 GMT -8
I remember Greg (Thurman) amongst very few others arguing against a split. It was inconceivable to them that people couldn't comprehend that the total value was still the same. The issue that they kept missing was the profile of the potential holders. More accessible to retail - harder for hedge funds or day traders to control - so on and so forth. You get what I am saying. My first call tonight was to my sisters who have been patiently waiting and hoping they could buy stock in a company whose products they know first-hand. I will venture to say that my sisters are not in a unique situation. My guess is that every broker out there tomorrow will be calling (at least they should be) to offer the news up. Many of these folks also tend to do buy-write strategies so maybe the vol on the calls may dampen as well...we'll see. I am sure some will be tempted to respond to say that studies have been done on stocks that split and there is no clear evidence that any appreciation, if any, was due to stock splits. My response is that we are in a very different behavioral investing environment for a multitude of reasons. Think of retail participation in this market 20 to 30 years ago - think of the global nature of this market - think of the technology advancements. More and more I see less relevance of the past to apply to various aspects of this market....including buy and hold forever. Sorry but the split - as Martha always says- "Is a good thing!" This, and more. I have long been an advocate of a split, and even my Dow 30 membership reservations have been overcome for reasons I'll elaborate on later, as I must take the dog for a hike. It's not just the accessibility of the share price that a split creates. I'm sure many, if not most here would agree that markets are psychologically driven. The average investor looks at AAPL's relative share price of $5XX and thinks it is higher than FB at $61, despite the latter's 100 P/E. The average person simply does not look at P/E's. My parents have been long AAPL 20 years like myself, and they couldn't begin to tell you AAPL's P/E. I have a math professor friend with a stratospheric IQ, who is heavily in the market via funds and a handful of stocks, who thinks AAPL is "expensive" at $500. He said the same at $400, $300, and $125 (I still have the e-mails). The talking heads sure as hell didn't help when AAPL breached 700. Those TV dunces rarely, if ever, mentioned AAPL's low P/E when screaming about the law of large numbers - and never included GOOG's or PCLN's valuations in those ridiculous proclamations. I think P/E's are absolute, total horseshit in predicting a stock's price. Here is the closest I will get to a price prediction: As someone else mentioned, we will be over $100 (at ~$75 c/b @ today's close), which is just about $700 equivalent, a hell of a lot quicker than we ever would be without the split (I don't know if we ever would have hit $700 again, frankly, but this is now a whole new ballgame). I know that isn't much of a prediction, but IMO it is simply easier for a stock to creep from $75-100 vs from $525-$700. I know it sounds crazy, but I really do think you can sneak up on people easier with a lower share price than from a higher one people are already afraid of and screaming about a bubble and law of large numbers. Today was a massive win-win, and not just for the obvious earnings beat reasons. Today, Tim Cook declared loud and clear what I have been begging and pleading for Apple to do: Today, Apple said it really cares about its stockholders. More buybacks, dividend increases, and splits are clear, unequivocal actions that speak to that. Cook even mentioned how he welcomes shareholder input. Tim didn't actually say he loved us, but for some men, PDA's are hard. It isn't enough for the best company in the world to care about customers. Such a company can love shareholders too, and that was today's message, finally, mercifully: "Come on board, buy some AAPL, we love you."
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