|
I have to say, the AAPL selling has gotten ridiculous, but still somewhat scary. In the end, a stock is only as good as its price on the market.
The valuation at current levels just seems too cheap given a 112% y/y growth in China, 35% overall increase in y/y earnings, a $200b cash hoard and general smartphone domination, particularly in their share of profit (90%+).
It just seems this has nothing to do with the company and more about pure manipulation by the heavy hands wanting it down.
The S&P trades at 20 times earnings while AAPL languishes at barely 10 with better growth than GOOGL or AMZN that trade at ungodly P/E multiples. I know AAPL is getting almost too big to grow forever, but they continually impress.
I mean, GOOGL announces some shell game in creating a parent company and the shares rally 5% on the news? It's this kind of crap that not only pisses me off, but makes me wonder if AAPL's true value will ever be realized. It will never be looked at as this high momentum growth stock (despite being one and actually delivering on REAL profits) unlike AMZN.
It pisses me off Cook and his minions don't do more to "talk" the stock up like Page, Zuckerberg, and Bezos continually do.
"We're interested in cars" or "Tesla intrigues Apple" or "Apple wants to get into your home" or "you haven't seen anything yet" would at least get some buzz going and get people excited about the stock. I think Cook is a good executor, but it's wasted on Wallstreet...it's almost like they've grown tired of the unbelievable numbers and it's just, "OK, let's see if you can do that again."
Meanwhile, AMZN makes <$1b profit and the stock surges 17% from already crazy levels. It's just so frustrating.
I agree with Icahn...AAPL should be trading at $200 TODAY, yet it dropped 5% and trades at essentially half that. As they say, the price is the price. Nothing else matters.
|