apple inc posts
FeedPosted Mar 4th 2011 3:00PM by Sheldon Liber (RSS feed)
Filed under: Microsoft (MSFT), Apple Inc (AAPL), Cisco Systems (CSCO), Intel (INTC), Berkshire Hathaway (BRK.A), Citigroup Inc. (C), American Express (AXP), Chubb Corp (CB), Amer Intl Group (AIG), Entrepreneurs, Serious Money, Intuitive Surgical Inc (ISRG), MetLife Inc. (MET), Travelers Companies Inc. (TRV), Republic Services Inc. (RSG), Stock Picks, National Grid (NGG)

Prognosticators the world over are throwing in their 2 cents about "my pal Warren's" next market moves; especially since he announced last week that his trigger finger was itchy. When Warren Buffett, chairman of Berkshire Hathaway (
BRK.A and
BRK.B) speaks, investors listen.
On Wednesday March 2, this investor threw in his two cents worth (see:
Serious Money: What Should Warren Buffett Do Next?) discussing possible acquisitions. Since all the "pro's", I use the term loosely, have had a say I thought I would give readers a chance to express some of their ideas too.
Continue reading Serious Money: Buffett's Next Buys -- You Pick'em
Posted Dec 6th 2010 9:00AM by Sheldon Liber (RSS feed)
Filed under: Major Movement, Forecasts, Apple Inc (AAPL), Bargain Stocks, Chasing Value™, EZCORP (EZPW)
One month ago I stuck my neck out a ways by making the statement that EZCorp (EZPW) was a superior investment to the current market darling Apple Inc. (AAPL). Furthermore that was not the limit of my claim, I wrote it was 33 to 1 better -- that's a lot. Since I am a glutton for punishment, I always post my good and bad calls.
I will be following this idea for one, three, six, and 12 months, if reader interest remains, to see how things progress. EZCorp is one of my 2009 and 2010 stock pick winners and I will be sticking with it in 2011, as well. See Chasing Value: 2011 Stock Picks -- The Journey Begins.
Continue reading Chasing Value: EZCorp Better Than Apple, One Month Review
Posted Aug 20th 2010 3:00PM by Sheldon Liber (RSS feed)
Filed under: Apple Inc (AAPL), Berkshire Hathaway (BRK.A), Market Matters, Politics, Chasing Value™, Recession, Financial Crisis, EZCORP (EZPW), Ebix Inc. (EBIX), Fiserv Inc (FISV), Portfolio Recovery Associates (PRAA)

Government debt is expanding -- again! At the same time corporate coffers are
overflowing some $1.6 trillion with reserve capital, not counting financial institutions. In some instances they have more money than any state in the Union and most small countries.
Chasing Value: Apple's Holding $48 Billion -- For What?
Here's a shocker -- personal savings continues to increase. When the (false) economy was booming valuations for everything were spiraling out of control, leverage was extreme, and the savings rate was next to nothing. Everyone wanted to join the party and most people stayed at the party to long, which did not end well. The savings rate has not been so high in a decade as people reduce their debt and streamline their personal budgets.
Continue reading Chasing Value: Four Great Stocks -- Gov't Fears Savings Spiraling Out of Control
Posted Aug 16th 2010 9:30AM by Sheldon Liber (RSS feed)
Filed under: Earnings Reports, Forecasts, Competitive Strategy, Apple Inc (AAPL), Exxon Mobil (XOM), Bargain Stocks, Chasing Value™, Intuitive Surgical Inc (ISRG), EZCORP (EZPW)

Are folks afraid to invest in EZCORP (
EZPW)? Perhaps they are, because the stock has not moved even though the metrics improve every time I check. On July 23, EZCORP reported a year-over-year
net income rise of 39%. That is, after reporting similar gains the year before.
The metrics are so strong I can't imagine why the company has not made the front page of every investment journal -- but it hasn't. EZCORP has a market-beating P/E of 10.75 (forward 8.55) and very little debt. It's earning a ROE of 19.55%, ROA of 18.75%, and a ROIC of 19.18%. Is there something evil going on here I that I've missed?
Continue reading Chasing Value: EZCORP Is Easy Buy, Beating APPL, ISRG and XOM
Posted Apr 21st 2010 9:00AM by Michael Fowlkes (RSS feed)
Filed under: Earnings Reports, Forecasts, Good news, Products and Services, Apple Inc (AAPL), iPhone, Smartphones, Technology
Shares of tech giant Apple Inc. (
AAPL) rose to a new all-time high Tuesday afternoon after the company posted a 90% increase in profit for its
fiscal second quarter, spurred by strong sales of its popular iPhone.
Heading into the earnings report, analysts had forecast $2.45 per share, but Apple shattered those estimates by posting $3.33 a share for the quarter. During the same period last year, the company reported earnings of $1.79 per share.
Continue reading Apple Stock Soars to All-Time High Following Strong Earnings Report
Posted Apr 8th 2010 4:40PM by Michael Fowlkes (RSS feed)
Filed under: Good news, From the Boards, Products and Services, Consumer Experience, Competitive Strategy, Apple Inc (AAPL), Next Big Thing, iPhone, Smartphones, Technology

This summer, Apple Inc. (
AAPL)'s iPhone and iPad are going to have a feature that iPhone users have been dying to see since the phone hit the market in 2007...
the ability to multitask.
The iPhone took the world by storm when it was released, and each time Apple releases a new model of the popular smart phone consumers line up and wait for hours, and in some cases days, to get their hands on the new Apple iPhone. While the phone is one of the most popular phones on the market today, there are a couple of issues with them, and the inability to multitask ranks up at the top of list of features that iPhone users have wanted.
Continue reading Apple's iPhone To Get Multitasking
Posted Mar 9th 2009 2:10PM by Sheldon Liber (RSS feed)
Filed under: Forecasts, Good news, Rants and Raves, Apple Inc (AAPL), Cisco Systems (CSCO), General Electric (GE), Stocks to Buy, Intuitive Surgical Inc (ISRG), Recession, American Eagle Outfitters (AEO)

If there is anything that makes me think we could be close to a market bottom, it is all the people that have gone off the deep end thinking the world may be coming to an end.
For the time being highly leveraged debt obligations seem to have come to an end. Large independent investment banks may have come to an end for now. The idea of a balanced budget may have come to an end a long time ago. However, the world is not coming to an end.
If anybody out there thinks that the times we live in come close to the Dark Ages, the American Revolution, the Civil War, World Wars I or II, or the Great Depression, then they are wimps who know nothing about history or true misery.
Continue reading Nostradamus was a punk! Have we reached bottom?
Posted Dec 1st 2008 3:10PM by Sheldon Liber (RSS feed)
Filed under: Products and Services, Management, Competitive Strategy, Apple Inc (AAPL), iPhone, Chasing Value™, Stocks to Buy, Technology
There are few topics as popular on BloggingStocks as Apple Inc. (NASDAQ: AAPL), one of the original eight we focused on. In the past 52 weeks, the stock has fallen from a high of $202.96 to a recent low of $79.14 amid the greatest market turmoil in 80 years.
Everyone has finally agreed that we are in the midst of a severe recession, and Wall Street has punished Apple, the inventive high flying growth story, because of fears that a slowdown in consumer spending will stall its market expansion.
Black Fridays promise aside, the market is in a wait and see mode. In the meantime, after five consecutive trading days in the upward direction, Apples shares closed Friday in a shortened trading day at $92.67, down for the day but notably off its earlier lows.
A sixth up day was too much to hope for as the market is down, and Apple hit a Monday low of $89.00
So what now? Is the growth story over? I think that for those who have an interest in owning this stock, now is the time to buy. Given a P/E of 17 and a reported $27 in cash and no debt, could there be a better time? I think not.
Continue reading Chasing Value: Apple may be one again
Posted Oct 13th 2008 12:44PM by Elizabeth Harrow (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Apple Inc (AAPL), iPhone, Technology

On October 3, the shares of
Apple Inc. (NASDAQ:
AAPL) dropped below the $100 mark for the first time since May 2007. In fact, the stock dropped last Friday to a new 52-week low of $85, representing a 19-month nadir for the iPhone parent. Today, this price plunge served as the catalyst for a valuation-based upgrade from Bernstein.
In a note to clients, Bernstein boosted its rating on AAPL from Market Perform to Outperform, and said that its "longer-term growth story remains intact." Analyst A.M. Sacconaghi added, "Investors appear to be valuing Apple on an earnings multiple, rather than on cash flow, which fundamentally undervalues the company given the huge deferred revenue growth associated with the iPhone."
Specifically, the brokerage firm estimates that the iPhone itself could add between $2.25 and $3.40 per share to cash flow above earnings in fiscal 2009.
However, following the stock's recent free-fall down the charts, Bernstein was forced to trim its price target on AAPL from $175 to $135. Credit Suisse followed suit, slashing its price target on the equity from $200 to $135. Despite today's gain of about 7% amid a massive rally in U.S. stocks, Apple shares could be vulnerable to more price-target cuts during the near term. Thomson Financial pegs the average 12-month price target at $176.33, a lofty premium of 82% to Friday's close at $96.80.
Elizabeth Harrow is an analyst and financial writer in the research department at Schaeffer's Investment Research. She is featured in the video series Schaeffer's Daily Q&A on SchaeffersResearch.com.
Posted Sep 8th 2008 12:43PM by Sheldon Liber (RSS feed)
Filed under: Deals, Competitive Strategy, Apple Inc (AAPL), China, iPhone, China Mobile Limited (CHL)
While Apple Inc. (NASDAQ: AAPL) has had relatively smooth going in Europe introducing the iPhone, things are apparently less so in China (and Russia) where it is being reported: China Mobile to Buy Out iPhone in China.
The negotiations between China Mobile Ltd (NYSE: CHL) have led to many compromises on the part of Apple. To get the deal done it agreed to have no more sharing from toll revenues of cooperative carriers, and the Wi-Fi function of the multimedia smartphone is to be deleted.
Although it has been widely reported the Chinese anxiously want to sell iPhones to their hundreds of millions of potential customers -- something Apple has been vigorously pursuing -- it took several rounds of negotiations after which Apple got the short end of the stick.
Just one more company bending to the will of the Chinese. I wonder how long it will be before they reverse engineer the phone using Apple as another pawn in the game of technology transfer? I wonder if there is anything that should or can be done about it?
I'm sure after all is said and done Apple got the best deal it could. I just hope it works out as well as it envisioned.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money. Disclosure: I do not own shares of AAPL.
Posted Aug 8th 2008 3:41PM by Sheldon Liber (RSS feed)
Filed under: Rants and Raves, Apple Inc (AAPL), General Electric (GE), Exxon Mobil (XOM), Johnson and Johnson (JNJ), Chevron Corp (CVX), ConocoPhillips (COP), Politics, Presidential Elections, Oil, Headline News

If Barack Obama is receiving advice from
"my pal Warren" then he must not be listening. There is no way that Warren Buffett, the national debt hawk, would support Obama's
stupid idea of giving another $1,000 back to every family in America. It is reported that he would pay for this by creating a windfall profit tax on oil companies.
This give-away program is an attempt to buy votes plain and simple. It would add to the national debt, discourage oil companies from investing and worse it would handicap American companies more than others and mortgage more of our children's futures.
The last thing the people of the United States need is more deficit spending. If we
did tax oil companies, which I am against, I would only support using the funds for expanding education, research and development in science and engineering with the goal of maintaining our waning leadership in technology.
Continue reading Obama's $1000 giveaway is a take away!
Posted Aug 4th 2008 2:52PM by Sheldon Liber (RSS feed)
Filed under: Products and Services, Rants and Raves, Apple Inc (AAPL), Market Matters, iPhone, Chasing Value™
Well, things played out as I thought and Apple, Inc (NASDAQ: AAPL) closed on Friday August 1, 2008 at a price of $156.66 and opened pennies down today. I will be the first one to admit that a few of my calls have been terrible, but this one was right on target.
Quoting from one of last years posts, "However, I thought Apple might be worth up to $150 and a month later was willing to consider $160 and that is where I stood." So I'm on record pegging the stock between $150 and $160. Having made the call on the money I will now tell the world that a lot of this game is luck, but that is all I thought it was worth.
Why two rights? One of our brighter commentors, Beltway Greg had pegged Apple around $200 a year out and it made the number in December 2007 long before even he thought it might and I gave him credit at the time. I was looking farther out and as the current price evidences I was correct also. But what's wrong with this picture? When I wrote, I tried to figure what I thought the stock was worth as did Greg.
Continue reading Chasing Value: Apple -- two rights and one wrong
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