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Author Topic: What's Wrong With Apple (stock)?  (Read 53805 times)

Tugg Speedman

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Re: What's Wrong With Apple (stock)?
« Reply #250 on: February 16, 2017, 10:58:19 PM »
I think I'm done here. I mean, there is no way AAPL can double from here because stocks never double ... and AAPL certainly never doubles.

Hey man, you're the expert ... as you so clearly proved with your "do not buy AAPL" call when it was trading under 95. Still can't admit you were wrong, either. That's my Smuggles!

See ya in the funny papers.

No you said the catalyst for the double was a tax holiday.  I pointed out that was not possible.

But sure it can double ... the develop yet another new product that people are willing to sleep on a side walk for two days to give them hundreds of dollars to get that product.  I've argued for 10 pages that guy that would make that happen died in 2011.  Without that they are a utility waiting for phones to break to get a sale.  The stock valuation is too high for that reality.

And by the way ... an Apple double means it would be valuable than the GDP of Canada. 

And now that it passed Google (again) as the largest company by market cap, you should consider this Research Affiliates report ...

The Winners Curse: Too Big to Succeed?
Journal of Indexes, October 29, 2012

https://papers.ssrn.com/sol3/papers2.cfm?abstract_id=2088515

Robert D. Arnott
Research Affiliates, LLC

Lillian J. Wu
Research Affiliates, LLC

For investors, Top Dog status — the #1 company, by market capitalization, in each sector or market — is dismayingly unattractive. We find a statistically significant tendency for top companies in each sector to underperform both the overall sector and the stock market as a whole. In an earlier U.S.-only study, we found that 59% of these Top Dogs underperformed their own sector in the next year, and two-thirds lagged their sector over the next decade. We found a daunting magnitude of average underperformance, averaging between 300 and 400 bps per year, over the next 1 to 10 years.

In this study, we have broadened the test to examine whether the “Top Dog” phenomenon is prevalent elsewhere. We find the same phenomenon in each and every market, with no exceptions. Indeed, outside the United States, the Sector Top Dogs generally underperform their own sector even more relentlessly than in the United States!

It would appear that our Top Dogs, the most beloved and winningest companies in each sector or country, are typically punished — often severely — in subsequent market action.

brandx

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Re: What's Wrong With Apple (stock)?
« Reply #251 on: February 17, 2017, 09:28:24 AM »
So, your argument for how bad Apple has been is to post an article saying it is doing too well?


Badgerhater

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Re: What's Wrong With Apple (stock)?
« Reply #252 on: February 17, 2017, 10:47:10 AM »
So, your argument for how bad Apple has been is to post an article saying it is doing too well?

Let's not get lost in the distractions.  The goal here is to make money.  And there is some valid points made on all sides.

Apple's tremendous stock appeal for years was its phenomenal growth tied to revolutionary products.  It is now huge and hasn't had a revolutionary product in awhile, so the stock appeal equation is changing.  Which does not mean that one can't make good money, but what it does mean is that there are other companies that may have more potential for a certain type of investor while those with a less-risky approach may find Apple a reasonable stock to own now that it pays a dividend.

Apple generates far too much cash for its stock price to tank.

The great thing about investing is that everyone has their own ideas and strategies and as long as they work for you, that is all that is important.

Tugg Speedman

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Re: What's Wrong With Apple (stock)?
« Reply #253 on: February 27, 2017, 04:45:29 PM »
Buffett tells CNBC Berkshire bought 120 million Apple shares in 2017
February 27, 2017

http://www.reuters.com/article/us-berkshire-hatha-buffett-apple-idUSKBN1661D6

Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc (BRKa.N), told CNBC on Monday that his conglomerate had purchased about 120 million shares of Apple Inc. (AAPL.O) in 2017 and that U.S. stocks were not in "bubble territory."

"Apple strikes me as having quite a sticky product," Buffett said. He said Berkshire's Apple stake, at 133 million shares, was worth about $17 billion and amounted to Berkshire's second-biggest holding.

---------------------------------------

He said he bought his 120 million shares between January 1 and Apple's earnings report (Jan 30).  He said he stopped buying after the pop off the earnings report.

The average price during this period was $120.  So Warren is sitting with a $15 profit on 90% of his holdings.

I would have rather sold to Warren than buy with Warren.




Tugg Speedman

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Re: What's Wrong With Apple (stock)?
« Reply #254 on: February 27, 2017, 04:58:10 PM »
Don't get me started on America's living hypocrisy. 

Have you looked at his (poor) track record over the last 10 years?  Did you notice that he bought Apple with funds from his Walmart sale that he was crushed on?  Have you noted his 2011 admission that the financial crisis essentially bankrupted him and the bailouts are the only reason he is still the second richest man in America.

Have you noticed that your hero was the largest stock holder in Moodys, Goldman, mortgage brokers and the single largest defender of the practices that caused the financial crisis?  Have you noticed that he owns Burlington Northern railroad, the largest shipper of crude by rail (which has had a bad record of blowing up, killing people and causing severe environmental damage) yet he funds and promotes extreme environmentalist to protest the cheaper and safer alternate crude oil pipelines, a direct competitor of Burlington.

Have you read his (87 year old and probably senile) partner Charlie Munger insane rants about putting Jews back in the ovens?

The man was the greatest investor that has ever lived until about 2005.  Since he has been a doubling deal walking contradiction that promoted the worst practices in the financial markets for personal gain, and has gotten more in governemnt bailouts that any single person to stay a billionaire, and his track record over in the post-crisis period has not been good.  Oh, and he pays for environmentalists to fight pipelines that compete with his railroad that keeps blowing up when shipping crude.

Uncle Warren and Munger (the oven salesman) can get away with these kind of statements.  But let ANYONE else say this (especially Comrade Twitler) ....

Hey as long as Warren made it through the entire interview without soiling his depends, we should consider it a success.

(BTW, these days Warren and the oven salesman can rarely make it through an interview without saying things that get others in trouble.)

Warren Buffett made an inappropriate remark to describe the logic behind a $140 billion takeover bid
February 27, 2017

http://www.businessinsider.com/warren-buffett-on-negotiating-women-and-sex-2017-2


« Last Edit: February 27, 2017, 05:00:57 PM by Dread Pirate Roberts »

brandx

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Re: What's Wrong With Apple (stock)?
« Reply #255 on: February 27, 2017, 05:09:37 PM »
Uncle Warren and Munger (the oven salesman) can get away with these kind of statements.  But let ANYONE else say this (especially Comrade Twitler) ....

Hey as long as Warren made it through the entire interview without soiling his depends, we should consider it a success.

(BTW, these days Warren and the oven salesman can rarely make it through an interview without saying things that get others in trouble.)

Warren Buffett made an inappropriate remark to describe the logic behind a $140 billion takeover bid
February 27, 2017

http://www.businessinsider.com/warren-buffett-on-negotiating-women-and-sex-2017-2

Give it a rest already. You hate Buffet because of his politics. You hate Apple because of Cook's politics. You hate eSPN because of Disney's politics.

Everyone here knows that. Yet you continue to make a fool of yourself. To people like you, it is clever to say that Buffet will soil his Depends. To everyone else, it makes you sound like a fool.

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #256 on: February 28, 2017, 07:42:10 PM »
Uncle Warren and Munger (the oven salesman) can get away with these kind of statements.  But let ANYONE else say this (especially Comrade Twitler) ....

Hey as long as Warren made it through the entire interview without soiling his depends, we should consider it a success.

(BTW, these days Warren and the oven salesman can rarely make it through an interview without saying things that get others in trouble.)

Warren Buffett made an inappropriate remark to describe the logic behind a $140 billion takeover bid
February 27, 2017

http://www.businessinsider.com/warren-buffett-on-negotiating-women-and-sex-2017-2

You're fun, Smuggles. Still ...

Another new identity and yet you didn't choose Smuggles? So disappointed.

Oh, and Munger is no god to me ... unlike those who have anointed Twitler.

Double Oh ... and Munger is not the effen leader of the effen free world.

Or do you not believe the president of the United States should be held to a higher standard?
« Last Edit: February 28, 2017, 08:26:31 PM by MU82 »
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

Tugg Speedman

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Re: What's Wrong With Apple (stock)?
« Reply #257 on: March 01, 2017, 12:04:04 AM »
You're fun, Smuggles. Still ...

Another new identity and yet you didn't choose Smuggles? So disappointed.

Oh, and Munger is no god to me ... unlike those who have anointed Twitler.

Double Oh ... and Munger is not the effen leader of the effen free world.

Or do you not believe the president of the United States should be held to a higher standard?

I hold the second richest man to a standard to not expect him to make demeaning comments about women.  I expect his partner to not call Jews in Vienna in 1939 trying to escape the Nazis uncivilized. 

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #258 on: March 01, 2017, 03:16:41 AM »
I hold the second richest man to a standard to not expect him to make demeaning comments about women.  I expect his partner to not call Jews in Vienna in 1939 trying to escape the Nazis uncivilized.

We are in agreement about Munger.

But you seem to want to excuse everything that your comrade, Twitler, does. Including consort with the Russians (or at least continually employ people who do).
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

Tugg Speedman

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Re: What's Wrong With Apple (stock)?
« Reply #259 on: March 01, 2017, 10:02:54 AM »
We are in agreement about Munger.

But you seem to want to excuse everything that your comrade, Twitler, does. Including consort with the Russians (or at least continually employ people who do).

This is a post about Apple and themes related to apple ... not taking the bait to turn this political.

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #260 on: March 01, 2017, 11:58:44 AM »
This is a post about Apple and themes related to apple ... not taking the bait to turn this political.

Yessir. But for the record, it was you who brought up things about Munger that had nothing to do with investing - and YOU who brought up your boy, Comrade Twitler!

But yes, back to AAPL ...

Another all-time high.

Thank goodness we didn't listen to Smuggles! Wish we had doubled our stake like Buffett did.
« Last Edit: March 01, 2017, 12:00:47 PM by MU82 »
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

Tugg Speedman

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Re: What's Wrong With Apple (stock)?
« Reply #261 on: March 07, 2017, 07:56:17 PM »
Bingo!

Warren is allowed to make unconscionable statements and questionable investments and yet we do back-flips and contortions to explain why he is right and brilliant.

He is the "king smuggles!"


Why do we let Warren Buffett get away with sexism?
The Sage of Omaha tells old and unfunny jokes without recrimination
MARCH 5, 2017 by: Lucy Kellaway

https://www.ft.com/content/46aaa352-ff72-11e6-96f8-3700c5664d30


But I suspect the true reason we forgive Mr Buffett is the most inexcusable of all. It is simply because he is Warren Buffett. I can think of no business leader who has been so worshipped for quite so long, ever, anywhere, with the possible exception of Joseph Rowntree and George Cadbury, both of whom went on being adored into their 80s.

People feel they need Mr Buffett, now more than ever. We are all so invested in his cuddly, homespun persona, and so revere his judgment that when he starts making hideous sexist jokes, there is only one thing for it. To pretend we have not heard.

brandx

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Re: What's Wrong With Apple (stock)?
« Reply #262 on: March 07, 2017, 11:47:33 PM »
We should never, ever allow people to joke.

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #263 on: March 08, 2017, 03:28:47 AM »
Bingo!

Warren is allowed to make unconscionable statements and questionable investments and yet we do back-flips and contortions to explain why he is right and brilliant.

He is the "king smuggles!"


Why do we let Warren Buffett get away with sexism?
The Sage of Omaha tells old and unfunny jokes without recrimination
MARCH 5, 2017 by: Lucy Kellaway

https://www.ft.com/content/46aaa352-ff72-11e6-96f8-3700c5664d30


But I suspect the true reason we forgive Mr Buffett is the most inexcusable of all. It is simply because he is Warren Buffett. I can think of no business leader who has been so worshipped for quite so long, ever, anywhere, with the possible exception of Joseph Rowntree and George Cadbury, both of whom went on being adored into their 80s.

People feel they need Mr Buffett, now more than ever. We are all so invested in his cuddly, homespun persona, and so revere his judgment that when he starts making hideous sexist jokes, there is only one thing for it. To pretend we have not heard.

What does this have to do with you saying AAPL wasn't worth owning when it was in the low-90s?
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

Tugg Speedman

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Re: What's Wrong With Apple (stock)?
« Reply #264 on: March 08, 2017, 08:33:41 PM »
We should never, ever allow people to joke.

If you read the article ...


Five years ago Sebastián Piñera, then president of Chile, made the same unfunny joke — only then all hell broke loose. The story was picked up by the BBC. Politicians queued up to denounce him, calling the joke “sexist and prehistoric”. One of them said Mr Piñera had brought shame on the nation and put back the cause of women by two decades.

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #265 on: March 08, 2017, 10:05:59 PM »
If you read the article ...


Five years ago Sebastián Piñera, then president of Chile, made the same unfunny joke — only then all hell broke loose. The story was picked up by the BBC. Politicians queued up to denounce him, calling the joke “sexist and prehistoric”. One of them said Mr Piñera had brought shame on the nation and put back the cause of women by two decades.

And again ...

Goalposts shifted. Now in an entirely different stadium.
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

tower912

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Luke 6:45   ...A good man produces goodness from the good in his heart; an evil man produces evil out of his store of evil.   Each man speaks from his heart's abundance...

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #267 on: March 15, 2017, 06:17:19 PM »
Oh look ... another record high!
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

Jay Bee

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Re: What's Wrong With Apple (stock)?
« Reply #268 on: March 15, 2017, 08:39:48 PM »
What's Wrong With Apple (stock)?

Heisy's sh1tty advice.

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #269 on: March 15, 2017, 10:12:32 PM »
What's Wrong With Apple (stock)?

Heisy's sh1tty advice.

That's Smuggles to you, pal!
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

Sir Lawrence

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Re: What's Wrong With Apple (stock)?
« Reply #270 on: March 16, 2017, 03:53:28 PM »
Self charging I-phone dubbed the I-phone 10.

If that rumor is true, the stock might be currently undervalued.
Ludum habemus.

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #271 on: March 16, 2017, 04:38:10 PM »
Self charging I-phone dubbed the I-phone 10.

If that rumor is true, the stock might be currently undervalued.

Undervalued? That's impossible, Sir.

I mean, Smuggles said AAPL was must-avoid in the low-$90s!
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #272 on: March 20, 2017, 11:59:06 AM »
Another all-time high for AAPL today: $141 and change.

Two analysts today raised price target well over $150.

Early looks at the much-anticipated iPhone 8 have been extremely positive.

Good thing Smuggles was saying "stay away" in the low-$90s. His peeps would have hated that 50% gain in 11 months' time.
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

MU82

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Re: What's Wrong With Apple (stock)?
« Reply #273 on: March 28, 2017, 02:21:26 PM »
Whattayaknow ... ANOTHER all-time high!
I'm so old and so stubborn, I still call our early-80s PG "Glenn."

Jay Bee

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Re: What's Wrong With Apple (stock)?
« Reply #274 on: May 06, 2017, 04:00:17 PM »
Serious question, how much money do you have to lose before you re-think your position?

^^^^ Heisy on April 30, 2016, when AAPL was at $93.74

Today, AAPL sits at $148.96, up 59% from April 30, 2016.

Thanks, Heisy. What other stocks do you hate?