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Apple Inc. Message Board

  • squeezetracker squeezetracker Feb 4, 2013 8:18 AM Flag


    Fun to see that everyday people viewing this stock view those.

    Those stocks are next in the S'er in our view.

    Late last summer bot haapl and goog were trading at 12x earnings net of cash. Today aapl is less than 7x and goog has run above 15x. That is inconsistent valuation if we have ever seen it. Both companies have estimates for 15% growth (though aapl will likely kill that as the analysts are all geldings now, goog likely will not as they continue to struggle with unguided estimates), and both have lots of competition, and we have owned both for a long time... but we covered in our short puts on goog and sold out the stock on GOOG last Friday, consistent with out general practice of leaving the drunken football helmet parties early. We'll put most of those proceeds back here to appl.

    Goog still has well over 90% of its revs from search -- but FB, Bing, yhoo and many others want pieces of that, incl aapl likely getting a share of that rev from anyone on their devices over time. Yes goog has lots of other initiatives, but many are not going anywhere and most are not new ideas/face heavy competition.

    pcln is back close to nuts valuation, too. Yes it pulled back, and yes we went back to it, but we sold that out last week as well... not ready to get short on it just yet, but we'll the momo guys chase that before coming back to aapl in a day or 20. LOL

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