I'm a FICC guy. What is the deal with AAPL, is there no stopping this train? Many of the new projections are 710-$910+. It's up over 4% today and 40.27% YTD! P/E 16.18, Forward P/E 11.89. Drowning in institution cash. It is it's own asset class. Equities monkeys...what's your take?
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They will take over the world.
I bet that Apple is Enron 2.0
Mean reversion. We'll all be talking about how it was "too much to fast" someday. In the short term it's anyone's guess.
Stocks are mean reverting? That's news to me...
I am not going to proclaim to know what the real fair value is, but with their innovation I'll keep my money in with that forward P/E and $100B in cash.
I think a lot of the run up is due to the future of iTV (or whatever they're going to call it). I sure hope that it's revolutionary because it will be a more significant expense for people that a new iphone. I know I won't be in a rush to toss my 2 year old 55 inch tv for an iTV unless it's a major improvement (like hopefully somehow allowing me to watch sports without paying Comcast $150/month)
I agree with DJ Libor, at some point it will have to come down, but for now I'm going to continue holding. If iTV, iPhone 5 and other products this year are a success I think shareholders will make more money. If one of them (more likely iTV) doesn't launch or isn't an absolute success I'll be taking my profit.
I kind of disagree about the iTV. I don't think it has to be innovative. Once announced it will be proclaimed the next best thing, everyone will love it and Apple will shoot up even more. Time after time Apple releases products that have very little innovation only to watch their stock price pop.
Holding 300 shares at an average cost of 185! This stock has added 120K to my net worth in the last 2.5 years.
Nice.
Damn that's pretty impressive.
(this guy's jealous - I only bought a small amount of shares earlier this year)
You're right about it being its own asset class. WSJ ran a piece today highlighting how many funds own AAPL even though it doesn't fit the fund style. You've got everything from small and mid cap funds to value to dividend funds all owning it. Even a High Yield Bond fund owns AAPL.
My guess is it tops out around $600. I've been wrong since $350 though so I'm bitter.
Yeah that's my guess. Look at the RSI on it. It's a parabolic move. I've been wrong on all things tech in general though, as a sector it has really kicked my ass.
He's been wrong for the past $240, but for sure he's got it right after the next $10.
This run isn't nearly over, they are gonna keep getting stronger.
what is their business model
Can you throw some weight behind your assertion? I'm just curious as to why you feel this way. AAPL's business model is nothing like FB, LNKD, or YELP.
I think it's all part of the new tech bubble (i.e. FB, LinkdIn, Yelp!)
How about physical product that all but corners the market in whatever business they enter (phones, mp3 player, etc)
I don't think they're stopping any time soon. I don't know where they'll be in 10 years because who knows, someone else may be innovative by then, but right now, I'd buy.
People will always love eating apples. They've been delicious for thousands of years, no reason that will change.
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