Is that what it was telling us back in 2012 too? Because the market was wrong back then, and they are wrong again. Investors are incredible stupid and poor at financial behavior.
The bigger thing is you will make $2080 in dividends alone. If the stock price stays low, you pick up shares cheaper. I picked up a bunch of cheap shares back in 2012-13 because of dividend reinvestment.
I Have always reinvested. I currently have 1115 shares. So i'll collect another 5 or so tomorrow. That's an extra 20 shares per year. Of course, my dividends just keep going up each time I reinvest. Guys like Bomber are clueless. They probably think they will make it big day trading (even though most people lose money doing that).
Well I have bee reinvesting dividends every since they began in 2012. It has paid off pretty well. The value of a bunch of those shares has doubled. Besides dividend reinvesting is one of the best ways to create wealth long term. Apparently you missed that day in your financial training.
To anyone who understands valuation at all, this drop makes zero sense. Even if they don't grow EPS at all in the next year, it is worth much more than this. It is already a massive cash cow.
That would be a good buy in area, unfortunately it will not get there. Not any time soon at least. Unless you expect a PE of 9. A PE of 12 is already incredibly stupid as it is, 9 would take some kind of major macro economic disaster. I guess you could get really lucky and something happens, but I wouldn't be counting on it. If you need Apple to get to PE-9 before you buy it, you don't really have enough faith in the company anyway.
well, since I am still so far in the green that I'm not even sure exactly how much money I have made I doubt us longs are hurting that bad. True longs that is. I don't care about short term day trader types.
price targets are still above the 140s. Anyone who has been around this stock any length of time at all realizes this doesn't really mean much.
Legitimate point; however, over the course of the past 8 years I have been in the stock that is the only time that has happened. They had just had tremendous growth leading up to that (and following it too). Yet, again, my point is the stock price doesn't really keep up. So you don't get big pops in stock price when the company was pumping out 100% EPS growths, but when they "miss" (which typically means they still grow massively), the stock drops. Its an inequality that overtime has always made long term holders make good money. In the good times Apple has never traded up to its true value like a NFLX, AMZN, etc Apple is basically never in a bubble.
No one really knows. Day to day movements really don't matter much. They do present buying/selling opportunities, but in terms of where the stock is actually going I try not to pay attention to anything short term.
Yeah, I have seen that for a while in online estimates. The reach a few years out only being 12% or some junk like that. I'm not sure where those numbers come from, but they haven't been right for about 5 years now. Really people don't really know what to do with Apple.
haha...yeah people said the same thing back in 2012. I have doubled my money since then.
I have learned the patient way to hold through things like this. Which is why I have returns in Apple stock alone of over 1000% I don't really care what anyone on the news or anyone else says. Analyst are wrong all the time. I'm pretty confident in my knowledge of Apple. In fact I just bought more at 114.32. As I have said for years now, as I have made tons of money in Apple, earnings always matter, and those who do not think they do are morons.
Except that the PE has never matched the growth. It hasn't for the past 8 years I have been in Apple. In fact, for the past 8 years Apple has regularly grown earnings by 70%+ sometimes as high as 119% yoy, and never received anywhere close to the jump in stock price. The PE remains in a range between 16-18 most of the time. Back in 2012-2013 it did drop for a time to similar ranges we are in right now (again based on similar type foolishness). The reality is Apple is doing amazingly well, and a PE of 13 is a joke. It shows how little people really know about the value of Apple. How can the biggest company in the world continue to grow by 37%+? It is unreal. For the past 5 years people keep acting like they can't keep growing because they are too big, yet they keep growing. Of course, the reality is they could start growing earnings by only 5-10% and still be raking in tons of cash. The market is short term momentum driven (which if followed is totally foolish). Long term Apple is doing very well, and will continue to go up despite short term insanity like what is happening now, and as happened back in 2012. Investors are short-sighted and ignorant.
If they never sold another Watch the company profits would be relatively unaffected. Comments like this show how stupid the common investor is.
Why does apple do a lot of the things they do? They don't really care what you or any other investor thinks. They never have.
No it isn't, it is the results of people's judgment (which is often irrational). Its about supply and demand. Just because people are morons right now about Apple doesn't say anything about the company. The results of the company were that they grew tremendously the past 6 months while the stock price has gone down. It rests at a PE of 13c which is insanely low for Apple, especially considering the EPS growth. The true PEG ratio is about .33. This shows its about 2/3 undervalued. The same thing happened 2.5 years ago. People who bought the dip over the course of those few months are sitting on a ton of profits. This is nothing new. Since 2008 I have made well over 1000% returns in Apple. While the EPS and Revs continue to grow with margins staying steady close to 40% I will continue to make a ton of money.
I think the investing world seems a bit confused. Apple's revenue and EPS just blew away last years results. The same was true of the previous quarter, and the quarter before that, etc. The negativity toward apple is pretty stupid. It shows that people really have no clue what they are doing with their investments. As I did back in 2012 I will hold through this idiotic downturn and come out of it making a ton of money.
Watch has done very well. The company is doing extremely well. Clearly you are only looking at the stock price, and not the actual results of the company.