Techsurvivors

Archives => 2008 => Topic started by: krissel on July 30, 2008, 01:49:33 AM

Title: Apple 12th largest company in US re market cap
Post by: krissel on July 30, 2008, 01:49:33 AM
Not too shabby considering the hit the stock has taken.

http://seekingalpha.com/article/87679-chan...es?source=yahoo
Title: Apple 12th largest company in US re market cap
Post by: sandbox on July 30, 2008, 03:52:38 AM
Yup, they're still 20% off their high 7 months out. RIMM recovered nicely, even bubbled for a bit, but are back where they were in December. U.S. Steel is doing well. Must be all those crushed cars that flooded the market.

I don't see AAPL recovering, I think their on a long hold pattern. There's a lot of dead money out there and Apple has it's share. Maybe $170ish at the end of the year? That's a loss of 15% over last year and if you figure no profit as well, add another 10%. The Alt. Energy stocks have been doing 20%. U.S. steel is doing 14%. All metals are up, Glass stocks are doing well. There's just too many good markets out there to hold onto aapl.
Title: Apple 12th largest company in US re market cap
Post by: krissel on July 31, 2008, 12:12:50 AM
The problem with valuing Apple by the market cap is that it doesn't take into account their cash holdings now approaching $20 billion. Microsoft has about $26 billion and others much less.

Apple may be in a holding period in the short term but the potential in the longer term is quite high.  Since the iPhone is being added to profit over a 24 month period the compounding is being missed by many "analysts".  

Then again, I'm an investor, not a trader.  smile.gif
Title: Apple 12th largest company in US re market cap
Post by: sandbox on August 01, 2008, 03:28:50 AM
Kris, if you got out of retail on Dec 20th as I did, and put your money in a growth stocks, you could return to apple with more money and buy it at a cheaper price. The capitalization apple is enjoying is on the wallets of it inventors. I could buy back it's own stock with it's cash and raise the value of it's stock, as Exxon is doing now. Apple is sitting on a mountain of cash at your expense. IMO


Title: Apple 12th largest company in US re market cap
Post by: krissel on August 02, 2008, 05:00:19 AM
Then, too if I hadn't sold off the bus load of Apple back in 05 I wouldn't have to worry about any of this as I'd be sitting on a pile of dough even at 155.  20/20 hindsight doesn't help.

Apple is not going to buy back stock. They will use it to buy other companies and technology to further R&D.  They aren't into the ruse of artificially raising stock price but are more concerned with future development.

I don't mind waiting a couple years to reap any benefits. It's just my luck that as soon as I sell stock it goes on a tear upwards. rolleyes.gif
Title: Apple 12th largest company in US re market cap
Post by: sandbox on August 02, 2008, 05:48:45 AM
Their new hitch to at&t isn't going to help matters, that's for sure.