delreyjones

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delreyjones
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  • Apple extends share buybacks by another $90 billion

    mrshow said:
    This is disgusting. Stock buybacks should be illegal again. 
    Why?  I’m free to buy Apple stock.  You’re free to buy Apple stock.  Why shouldn’t Apple be free to buy Apple stock?
    mike1byronlMacPro
  • Apple denied Parler re-entry to the App Store despite guideline revision

    n2macs said:
    crowley said:
    Good, but heaven knows why it was allowed in the first place. Absolute cesspool. 
    Parler is no different than facebook or twitter.
    Parler is different because the reason for their existence is right wing hate.
    DogpersonGeorgeBMac
  • Wall Street reacts to Apple's strong Services and Wearables growth [u]

    blastdoor said:
    It is a huge deal that Apple is showing an ability to grow revenue from something other than the iPhone. 

    In the short term, though, the stock seems a bit pricey. Since 2007, I've had the impression that when the P/E goes above 17, AAPL is likely due for a correction. Currently, the P/E is almost 21. 

    On the other hand... one reason Wall Street might have been skeptical about AAPL in the past was a concern that they were too dependent on one product. Perhaps if Apple can show revenue+profit growth across multiple products, Wall Street might tolerate a higher P/E. 

    Still, I suspect that between now and the middle of next year AAPL will experience a noticeable downturn. I'm just not sure when. 
    Of course in terms of the recent history of Apple’s P/E,  you’re correct that 21 is high, so you may be correct in your bearish assessment.  But it’d be great if you could contextualize your concern about 21 and explain why it’s high when we realize Microsoft and Google are at 27, Facebook is 31, and Amazon is 78.  If 21 is high for Apple, aren’t these other values even higher for the competition?  Why is this?
    For my money, P/E has never been a good metric. Stocks are clearly more valuable based on perception, not reality.
    I'd agree with you there, but I'm hoping to hear from Blastdoor.  I'm actually with Horace Dediu who says:  "Cash-flow is a fact; profits are an opinion; P/E is a dream."
    SpamSandwich
  • Apple Q3 likely to disappoint in wake of Brexit, slower iPhone upgrade cycles, analyst says

    maestro64 said:

    On a similar note, since Ireland will leave with Britain that means Apple's deal with the Irish will no long be under the scrutiny of the idiots on Brussels. 


    You know that Ireland and the UK are different countries, right?  Ireland is not leaving the EU.  There's a chance that North Ireland (which is part of the UK), will stay with the UK and therefore leave the EU.  But there's also a chance that North Ireland will leave the UK and remain in the EU.  Either way, the Irish will still be scrutinized by the good people of Brussels.
    gwydionfastasleep
  • Apple Q3 likely to disappoint in wake of Brexit, slower iPhone upgrade cycles, analyst says

    wood1208 said:
    What Brexit has to do with someone in UK wants to buy iphone ? Not like imposing import embargo on iphones into Britain.
    The exchange rate.  The value of the British pound dropped 10%-15% on the Brexit news.  This made iPhones that much more expensive for everybody in the UK.  Not good news if you want to sell iPhones to Britons.