CNBC: "It's too big a reaction in my opinion . Apple is a buy here.
"It's too big a reaction in my opinion," said Steve Massocca of Wedbush Securities. "It's trading at eight times earnings down here. If I was inclined to play Apple, I'd be buying it here…It's a cheap stock. They generated a lot of free cash in the quarter. There's some margin degradation and some market share degradation. It's still Apple, and it ain't going to be that bad."
Massocca noted that Apple is known for guiding lower, and then turning in an earnings beat.
How is it 8 times earnings? Is that with the old "take the cash out." The really concerning part is they are projecting EPS for next quarter below the yoy prior quarter. BELOW. That is declining earnings. Is an iPhone6 suddenly going to improve the EPS? Clearly the iPhone5 didnt. My mistake was I thought Apple would be safe through this quarter. Boy was I painfully wrong. Thank god I didnt get really greedy and bought back puts I sold rather than trying to let them expire worthless. Bottom line is Apple needs more products or something evolutionary or 2012 might have been the EPS peek. I'm not saying EPS will drop to $30 next year, but a gradual decline would make this strictly a dividend play and to support this price that would mean a dividend close to $25 a year...Not saying the ride is over, but Apple needs to hit a HR somewhere else to get it back on track again.
Its called technical corruption that equates to capitulation. How do we know its corruption? The stock had plummeted before I even had a chance to open the link to the earnings release. Nobody could've read the report, e/ecuted a trade in a nanosecond in an educated and decisive manner. Fortunately I know how to work hard, save and put those savings to work when big cap APPLE is on major sale according to the most basic fundamental analysis. $435b market cap? That's comical. They have over $140b in tangible equity, over $7b in deferred revenues and are cranking out $40b/year profits, $23b in recent operational cash flows and pay a 2.4% yield...how mini brained are the uneducated?