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Im just not understanding the dislike by the market for AAPL.
The company does 49+ BILLION in a quarter and its not good enough.
Ohh to have a financial problem like that.
That being said, with the down market today there are sure some good prices of good companies out there.
Jim
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Agree completely about AAPL. Down 7 percent after market seems like an obscene over-reaction. This is still the most profitable business in the history of business. I'd be strongly tempted to buy if I didn't already have so much. As it is, I'm going to watch the options chains in the morning and see about making a quick buck on the bounce when folks come to their senses.
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I'd hop on it if I had the cash
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07-22-2015, 08:44 AM
(This post was last modified: 07-22-2015, 08:46 AM by rayray.)
People are scared and think that Apple has run it's course, it's one of those companies that people love to hate. I also find it ironic with the reactions between Apple and Google stock this past week.
I suppose the Apple hit had to do with not beating expectations by a higher margin.
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Yeah...the market reaction has been insane. Google stock jumps up by $55-60B market cap on a mediocre beat and on promises of cost cut...The new CFO is already getting a lot of credit even though shes only been there for 3 months or so. I guess we'll see how she can turn things around.
Apple has an amazing quarter and investors are thinkign that the legs on iPhone are nearing its end. Reading through the earnings call transcript, Tim Cook has had to defend that theres still a lot of innovation left for iPhone. I would add to my Apple position if I had cash right now.
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Apple is already 5.5% of my ROTH so I'll hold steady but will continue on dripping the divi's until the p/e breaks 20, maybe 25...I flip-flop with those numbers concerning dripping divi's in my ROTH but that's another topic.
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I was in an Apple store this weekend for the first time in a long while. The place was swamped, just like always, and the wait to throw your money at them was over 40 minutes. Even if you knew exactly what you wanted and has a wad of cash in your hand. Didn't feel to me like the magic has been lost.
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Apple is doing pretty well in the past few weeks. Long Apple! Eco-self driving cars should be a bread and butter for them when the time comes.
A fun thought just based on daily observations and not real data (probably completely wrong as well) but it seems that when Apple is up Nike is down and vice versa.
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Apple is a long haul for me, bought (95?).
I see tons of bashing especially on the dividends but at around 3.24 (split adjusted) I'm ok.
Could get very interesting.
Jim
