Apple is a strong buy. Reason?
All of the new products just add more insulation to the infrastructure and ecosystem they are building.
Furthermore, this event will be a hoot! It is THE most liquid financial holding of anything other than cash!
s galore coming.
IMO, the markets will start to like Apple again. MArket will be in dire need of a low PE high quality growth company. Stable, safe and ready to rock.
Furthermore, as their qtr end approaches, the annual EPS is approaching $9, selling for a PE of 12 is 40% discount to the avg PEs.
IN addition, the buy back creates a more compelling reason for PE shrinkage,coupled with the fact insiders are NOT selling during these buy backs.
A very compelling reason to own the stock NOW!!!!!
doesn't impress them. Potential for new, organic content doesn't impress them. Potential for custom bundling of your programming doesn't impress them. However, sales Of the new units could move that needle come Christmas.
problematic for our PPS though is the direction of the major market indexes. I am down to 10% of my original position. And as strange as this sounds, all in LEAPS for 2017, which gave me much more leverage and far less capital with 16 or so months out. Hopefully enough time to run or recover.In the meanwhile, I see a 50% probability of the S+P dropping to 1565 area --which could create a LOT of pain.
Be very VERY careful. We have a GREAT company and I wouldn't argue we should add to our positions, and I will do just that if what I fear comes to pass.
Generally speaking, the first report August numbers are terrible. I wouldn't be surprised if they come in under 170k, though they expect better than 200k.
That's one reason you don't set their prices Baloog.
The right move will be to sell the 6S as proposed, but to REDUCE the 6. Thus, they will continue to sell the 6 and gain even more share.
And that is what they will consider.
with upgrades again once the Sept. 9th show is over.