It's now 8%
This is like a sinking ship.
It's now 8%
This is like a sinking ship.
Looks like a buying opportunity!
Nutella,
If the earnings call does not go well, as in forward numbers look poor, institutions and fund managers will reduce their allocations. The 52 week low is $92, it will be interesting to see if it tests that number in the regular session.
Igy
Ghost of Igloi wrote:
Nutella,
If the earnings call does not go well, as in forward numbers look poor, institutions and fund managers will reduce their allocations. The 52 week low is $92, it will be interesting to see if it tests that number in the regular session.
Igy
Let's hope so!
So some people predicted AAPL earnings per share to be about $1.97 and it came in at $1.90. These same people predicted revenues of $51.5B which actually were $50.6B. And now all these Chicken Littles here are freaking out. Because AAPL only took in $50+B for the quarter? Seriously? You people are nuts.
U.R.,
Everything will be fine, Apple just needs to make a TV or a car, perhaps buy Tesla, or just buyback more stock.
http://fortune.com/2016/02/02/apple-stock-buyback/
Igy
Of course it will be fine and sooner than Chicken Littles like you can again say the sky is falling. Get a grip.
U. R. Nuts wrote:
So some people predicted AAPL earnings per share to be about $1.97 and it came in at $1.90. These same people predicted revenues of $51.5B which actually were $50.6B. And now all these Chicken Littles here are freaking out. Because AAPL only took in $50+B for the quarter? Seriously? You people are nuts.
AAPL is no longer a high-growth tech company they are turning into a mature stable value company such as a GE, MSFT or INTC. iPhone sales are no longer the growth engine that it has been since it began in 2007. Who wears an iWatch- it's a joke and not a mass appeal product. iMacs, iTunes, iPads, Apple TV? What else do they have in the pipeline to fuel massive growth? Nada. The Apple car, nope. The Apple heyday is over. The stock will drop under 90 perhaps into the mid-80's soon.
U.R.,
Buy with both hands at market open, have some chicken livers for lunch, grip your chair with both hands as your investment falls in the afternoon, leaving you with indigestion, and less net worth. The sky isn't falling but Apple is.
Igy
They're not a high growth company because they are YUGE! How much more growth do you need? They report quarterly revenues of $50+B and you whiners are ready to write their epitaph. Get a grip.
U.R.,
Enough pulling your chain, the poster is correct on the analysis of slowing growth. All you have to do is look at the Four Horsemen of the Technology era Ciso, Microsoft, Dell and Intel. On an additional point when stocks are over owned by institutions they tend to stay under price pressure for some time. If you haven't noticed Apple has been a relative underperformer.
Igy
Did you even read what I wrote? Apple is YUGE! Growth is difficult if not impossible for companies of that size. But it's not about growth. It's about REVENUES. Get a grip.
U.R.,
I am not familiar with the word "yuge." I take it from the context that you think because it is large it inhibits growth, which I agree. The company evidently feels the same with it's stock buyback strategy. Apple is a fine company, but that does not make it immune from the business cycle.
Igy
I suspected you were clueless and now I'm sure. Or is that another attempt at humor?
U.R.,
Yes I am clueless. You have perfectly good arguments like Apple being YUGE.
Igy
I'm intrigued at buying Apple at around 90. I'm a total believer that Apple's growth days are behind them. I just see no visionary product on the horizon or any evidence that Cook can run the company like Jobs did. On the other hand, you can't ignore the massive pile of cash they have, along with their ability to continually reap profits from their existing product lines. I also believe there is going to be some type of legislation passed early in the next administration allowing corporations to repatriate money from overseas with little to no taxation. Therefore I foresee a huge special dividend that apple pays out in the not so distant future. It would be nice to own some Apple when that happens.
Ryan,
You have some good points. I can't help but think the downside is closer to $50 at a cycle low. At a cycle low earnings would retreat further and the stock would be dumped as investors preference for cash rules the day.
Igy
the problem with buying apple low is that it is a tech company and therefore could literally be out of business in 10 years. They all can.
Igy, if you've been paying attention to the presidential election, then "yuge" would make sense to you. If not, then indeed you're clueless. :-)
POTO,
Got it, with Naw Yawker twang and swoop-do hair.
Hey The Donald took five states in the NE tonight by 60%. That's YUGE.
Igy