It's going to be a very gut wrenching week for the shorts!
Anand Lai Shimpi, AnandTech:"The iPhone 5s is quite possibly the biggest S-update we've ever seen from Apple."
Darrell Etherington, TechCrunch:"With the iPhone 5s, Apple once again wins the right to claim the title of best smartphone available."
Walt Mossberg, Wall Street Journal:"After a week of testing the iPhone 5s, I like it and can recommend it for anyone looking for a premium, advanced smartphone."
Ben Bajarin, Techpinions: S is for Superior. "I've stated before that my personal preference is iOS. I've vetted and tested every competing device and OS flavor out there and after all this experience I concluded that the iPhone continually helps me be more efficient and more productive day to day. What I have realized is that although Android does many of the same things, the iPhone simply does them better. And with the iPhone 5s and iOS 7 it now does them a lot better."
"Morgan Stanley analyst Katy Huberty, who is perhaps the most respected Apple analyst on Wall Street, and who always is the first to get her question in on Apple's earnings calls, noted that iPhone sales for the September quarter may be as high as 34.5 million units, well above what analysts are thinking, and putting to bed any concerns Wall Street has about slowing growth in Cupertino, Calif."
"Our analysis indicates iPhone demand of 34.5M units in C3Q13," Huberty wrote in a note. "This is better than our forecast of 31M and consensus expectations in the low 30Ms. It is also 2.5M higher than our smartphone tracker at the end of August, representing early demand for the new iPhone 5s and 5c."
"Just like Carl Icahn, we think Apple at current levels is a no-brainer. Exclude its $142.73 per share in net cash, and the stock is trading at 7x FY14 EPS estimates and it has a 13.4% EV/FCF yield. Based on FY15 numbers, it has a P/E of 6.9x ex-cash and an EV/FCF yield of 13.6%. Those numbers also likely don't reflect any new products or big buybacks."
The BullMarket doesn't agree with you.
"Right now, while it appears the SEC wants Linn to make some adjustments to the way it presents some non-GAAP data, the changes look more like semantics than anything else. None of the numbers have been changed, and it's easy to back out the new metrics to get the old DCF number. Importantly, it also looks like the distribution or future increases will not be impacted in any way by these changes.
The S-4 filing is a long document, and we'll look to scan analyst notes later to see if we may have missed anything. However, if the above adjustments are the only big changes that come out of this, then we'd view it as very positive. Our "Buy" rating and $36 price target remain unchanged."
My condolences to all the traders on the wrong side of the tracks, especially that sheephead dude. On second thought everyone but that sheephead guy. Congratulations longs!!!! I wonder how many fools will be posting how they are building more short positions today. You can lead a horse to water but ..............................
The only thing I like better is SEX. Sorry Apple but keep working in the labs I think you have a legitimate shot some day:)
"Here's what's strikes me as strange about all this: No other smartphone manufacturer's sales figures are subjected to this kind of scrutiny.
Take, for example, Samsung. You won't see analysts questioning Samsung's unit sales numbers for the Galaxy S3 or S4. Nobody writes notes to clients asking what percentage of those sales were sell-in or sell-through.
Samsung doesn't get this kind of scrutiny because it doesn't tell anybody -- not analysts, not investors, not the SEC -- how many smartphones it sells.
And that's what's wrong with this picture"
How about that $440 short a few weeks ago you posted. It's hard to comment about a post when you keep changing your numbers. Just can't trust wooly animals these days.
Is that what the tea leaves tell you? I bet you are WRONG!!!!!!! PS They have Prep H on sale at K-mart, you might want to stock up.
Looks like that $481 short is doing as well as your $440 short a few months ago. I'm glad you live with sheep instead of a real woman because she would have booted you out of the barn a long time ago.
Let's see selling more of the expensive phone with higher profits and less of the cheaper phone with less profit. Sounds like good business sense to me.
He found a used pair of boots at a yard sale and has been busy in the barn tending to his herd. I guess it helps deal with all of his trading frustration he's encountered these last few weeks.
I'm hearing Mr. Sheephead is a bit under the weather. He apparently had emergency surgery to remove a piece of fruit from his hiney that oddly looks just like an apple. He was heard muttering the words I shorted Apple at $400 right after his anesthesia was administered.