Title: Why Apple Sucks as an Investment, but Amazon Doesn't
by Rocco Pendola (theStreet's Director of Social Media)
Source: theStreet website
Some interesting excerpts from that new article:
"Apple ... Face it. It's dead money."
"... AAPL remains a junkyard full of false starts ..."
"We have no idea what the hell is going on at Apple. Tim Cook ... this new guy we never heard of before who strung together a few sentences ... without stuttering at WWDC."
"We don't even know what Apple is."
"... Tim Cook likes ... this babble about Apple being a software company. There's no focus. And that's because there cannot be focus without confident and competent leadership."
"In every way, right now and going forward, Amazon is a ... better company than Apple."
See what I mean, folks? Today, that's what qualifies as so-called "technology analysis" on Wall Street. Jim Cramer's (theStreet's) "Director of Social Media" viciously claims Apple is "dead money," a "junkyard full of false starts," nobody has any "idea what the hell is going on at Apple," nobody ever "heard of" CEO Tim Cook who spoke "without stuttering at WWDC," nobody "knows what Apple is," Cook spoke "babble about Apple being a software company," "there's no focus" at Apple, and Cook lacks "competence" and lacks "confidence."
As I've said many times before, the stock market & Wall Street intensely HATE Apple right now (for some unexplained reason), even though Apple is the #2 Global Brand (just behind #1 Coca-Cola)
The technologically clueless Wall Street doesn't really understand mobile at all and doesn't have even the first clue what Apple is and what Apple does. I've said it before and people doubted my words, but that newest article from Jim Cramer's "theStreet" website further proves I'm right. And it further helps explain Apple's waaaaaaay-below-market (ex-cash) P/E of 6.91 vs. the S&P 500 market P/E of 18.28. Wall Street REALLY hates Apple (right now).
By the way the correct answer to the math question was like $1600 plus. How Danny Boy ended up with $120 is beyond me. These must be the same skills he used to lose all his money in the stock market.
Sentiment: Strong Buy
Here's the last smart post " Danossa " posted using all his third grade brain power.
" 24 shares? Phew.....at $500 you'll make $140 minus $20 in commission and your net profit is $120. 20% to Uncle Sam and your real profit is less than $100. All of this IF aapl goes to $500.
Honestly, I wouldn't take out my member to pee for that kind of profit
Second only to Cramer who lost Billions for his investors back during the internet era. Danny Boy has been working the truck stops and rest areas ( Since ) trying to make up the money he lost following his hero, Cramer. Don't bother trying to explain anything to Dan, you can't fix stupid! Check out his math skills. EOM.
Sentiment: Strong Buy
Many that hold Apple are in it for the longer term (6 months to a year, or longer), rather than focusing on the day to day variations. I got in at the 420's (average) and based on financials, the stock is a screaming buy and hold at these prices. Any downswings are just simply more buying opportunities. It will either pay off or it won't, but I won't know for sure for months or a year. In the long run, blowhards like Cramer will not impact the price.