Re: Earnings math (and more)
mac.be...@teleport.ch
dan...@gmail.com schrieb:
> .... I bought my first shares of Apple in April 2003 when I read about iTMS. Even
> though it was available only on Macs, it was the digital solution the
> world needed. The price was $6.50 (split adjusted). I'm not sure it
> ever went below that again (i haven't researched that tonight).
That means you bought after the tech bubble bursted. I can tell you
that this will happen again because many people are doing the same
faults. They don`t learn of their faults. When it will happen - no one
is knowing that but I a lot knows that it will.
You are probably that kind of people looking only on PE(G) and are
telling that a PE of 30 and more is okay when the PEG is around 1.
What`s going on when the growth stands away. What about price to book
or casflow of AAPL? Look at GOOG and you can see an over-priced
company. I don`t say AAPL is over-priced but look on fundamentals too
and don`t get too euphoristic! A stock price of 120 or maybe of 150
could be okay but 200 and more? AAPL isnt cheap concerning price to
book or casflow - but much better than GOOG.
I think AAPL will get a pull back ins spring to late summer for
increasing again in forward to january 08. How high it will go before -
no ones knows! Bad news are coming faster an a lot
are selling their stocks very easily - so keep carefull.
I`d like to see higher AAPL quote to - I`m not a bear - but neither a
blind bull.
-just my thoughts-
