sacto joe

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sacto joe
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  • Examining Apple's record-breaking 2018 fourth quarter earnings results by the numbers

    sacto joesacto joe

    (From one of my posts on ped30.com)

    Okay, some numbers to play with this weekend:

    • Apple appears to have bought back about 81 M shares last quarter. I’m assuming a flat 4.8 B shares outstanding.
    • Net income was $14.125 B for the quarter, and $59.531 B for the fiscal year.
    • EPS thus equals (59.531/4.8=) $12.40/share.
    • At the present price of $205.65, that’s a “real” (backwards looking) P/E of (205.65/12.40=) 16.6.

    I don’t think we need any clearer indication of how utterly stupid this selloff of AAPL is, but I couldn’t be more delighted, because Apple is in the market, buying back 20% of the stock that’s up for sale each and every day at fire sale prices, and consequently handing Wall Street it’s head on a platter.

    What utter and complete vindication for Apple’s long term business plan.

    chasmretrogustobaconstangMuntzradarthekatbadmonkMacProRonnnieOjony0lolliver

  • What to expect from Apple's fourth quarter earnings report

    sacto joesacto joe
    SpamSandwich said:
    I think it’s past time for Apple to stop providing any kind of guidance for these analysts. They treat the guidance as a baseline to be ignored.
    Actually, I believe Apple’s guidance has the exact opposite effect. Wirhout Apple’s increasingly accurate guidance, “analysts” (I use the term advisedly) would almost certainly overstate their estimates, driving the stock price down when the reality “disappoints” three months later.

    Apple is already one of the most media-manipulated stocks out there, as witnessed by the appallingly manipulative Bloomberg story on Chinese espionage that “coincidentally” was released just as Apple went into it’s quiet period and could no longer buy back it’s own stock. It’s quite likely that, abetted by the chickens coming home to roost for many overpriced tech stocks, this single story lit the match that brought about one of the worst stock market drops in recent memory, to the benefit of many, many gamblers shorting AAPL and other tech stocks.

    I predict that the minute AAPL is back in the market this nonsense will cease - for a couple of months, when Apple will once more be barred from buying back it’s own stock.  Hopefully, however, it will linger long enough to increase Apple’s bang per self-investment buck substantially. As a long and strong AAPL investor, that would make the whole stupid exercise worthwhile for me.

    I’d gain far more pleasure, however, if publications like Bloomberg were taken down a peg or two when they pulled this crap....
    ABiteaDaybaconstang