... long term will be OK and will resume the upward trend. Pick your entry point wisely.
I'm thinking somewhere between 450 and 535 before the uptrend continues. That's based on the belief that the growth rate from 2009 thru October 2011 is more realistic than what we have seen in the past eleven months. Longer term, if the world economy is eventually on the mend, AAPL should easily see 700+ again.
You folks looking for continuation of the last couple of months need to look at the last three years. In the first two years there was a more or less constant growth in this stock's price. Then around November of last year the rate of change accelerated a lot and that continued with greater volatility until recently. What you have now are some missteps by the company combined with the fact that we are on the cusp of another downturn. The layoffs have already begun. They will accelerate and become material in the next labor report (assuming it is not fraudulent for the benefit of the candidate). This is going to force a test of wills between Bernanke and major investors who think his policies are questionable at best. Mix all that with the completely irrational expectations for AAPL and you have a perfect storm building. My pessimistic call is a return to the growth rate of two years ago and that means AAPL should land somewhere between 450 and 535 before the stock price starts to grow again.Needless to say, I've liquidated my position in AAPL. Hope I'm wrong because AAPL has been the golden goose and I would dearly like to see a return to the good old days.
What's interesting to me about all of this is that the same thing was going on over 25 years ago where I worked. A small number of us pushed and pushed to get Macs into the company. The decision makers went so far as to allow me and a few others to order the Mac II for our projects, but a line was drawn in the sand and it never moved so far as I know. One thing was made clear from the start. The Mac was never going to infiltrate the financial systems. Mind you, this was before internetworking and client-server had taken hold and DOS ruled. Now there are actually some valid arguments in favor of the PC, arguments having to do with infrastructure compatibility. Still, the battle continues and as far as I can see, the same Maginot line is being defended to this day.
They were quick to dump Koogle, to blame him for their stagnation. But history shows that the founder has also run out of ideas. It is time for Yang to go and let Microsoft have a go at it.
There was a 62% premium offered. If the BOD invoked the poison pill they would be looking at serious liability. You can't stick it to shareholders when there is an overly generous offer on the table. The burden is for the BOD to show (in court) that the offer was "massively" undervalued. Now how are they going to do that? By talking about past performance? All of this maneuvering is pointless and just shows what a bunch of rookies are providing strategic guidance to this company.
Stock is in the hands of arbitragers. There will be no poison pill invoked. There will however be a takeover by Microsoft in March and us stockholders will get our due.
even if it drops on Monday. There is no way that this deal will be rejected by a majority of the stockholders. In March there will be a proxy fight and you will get your $31 per share and Mr. Yang and rest of the BOD will get the boot. Meanwhile, the market is going to tank, making your gain all the sweeter.
Nobody speaking for the BOD has been identified. At this point there is plausible deniability. They are just testing the water to see investor reaction. They know they will have a proxy fight on their hands if they officially reject the offer.
quite a bit. Notwithstanding, Jobs is going have tough time lifting the stock this time. I think the bears are in the drivers seat for at least a year. Meanwhile Apple marches ahead as one of the great tech companies. If tech is where you want to invest then AAPL is stock for you.
<<get out with something and step aside>> A lot of people are convinced that this stock is going to 200. Currently trading at 122 and change. Why would one get out now, especially when the rate cuts are just beginning? You think that Bernanke is going to settle for one cut? The economy is like an oil tanker. It does not turn on a dime. Once the Fed decided to change stategies they will most certainly stick with the new strategy until they are convinced it is wrong, again. By then, the shorts will be busted and the housing market will have gotten a much needed boost.
When did Japan begin setting direction for the world markets? Maybe fifteen years ago, but not recently. Japan's nikkei is an imitator, down less than 1%. Wait til it's done doing what it's doing. You might be surprised to find it well above 16,000.
swallowing it. Too bad. If they are so smart, then they ought to do better with their estimates. Any moron can add 6 cents to company guidance. That's not what these guys are being paid to do.
66 cents on 5.1B, so why is everyone getting worked up about the guidance? Seems that MMs needed to cover some short positions. Too bad they aren't allowed to be burned like everyone else.