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reddingrunner (92.52)

Apple: The end is near!!! (or not)



June 03, 2008 – Comments (4) | RELATED TICKERS: AAPL

The title of David Gaffen's post in the WSJ is "The end of Apple's Golden Age?".  I checked it out since I believe Apple's Golden Age is just beginning.  The day is coming when the Mac operating system will be as dominant as Windows is/ has been.  

But the content of the article doesn't support the title.  Apple's Golden Age began with the iPod, the post treats it as if it began at the beginning of 2007 (it had gone up, what?, 10-fold already by that time?).   And Geffen continues with a strictly short-term perspective:

 "analysts don’t necessarily believe the stock will enjoy another fierce rally in the near-term"

Well, big whoopdy-do!  I wish Geffen would have told me instead which stock "analysts NECESSARILY believe will enjoy a FIERCE rally in the near-term".  THAT would be good to know!  

Regardless of what it does in the short-term, Apple's "Golden Age" is still about 5-10 years off.  It's a stock you want to own for the next decade.  But even I don't "necessarily believe the stock will enjoy another fierce rally in the near-term."  Sheesh! 

4 Comments – Post Your Own

#1) On June 03, 2008 at 3:09 PM, zygnoda (< 20) wrote:

Well he is worth what they are paying him (if they pay him in croutons).

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#2) On June 03, 2008 at 7:55 PM, QualityPicks (36.69) wrote:

More than Apple, I like Steve Jobs better. He is, in my humble opinion, the best at innovation and vision. Those who critize him and think his "luck" has come to an end, just don't know the guy.Take a look at this famous article:

Michael Dell Should Eat His Words, Apple Chief Suggests

In 1997, shortly after Mr. Jobs returned to Apple, the company he helped start in 1976, Dell's founder and chairman, Michael S. Dell, was asked at a technology conference what might be done to fix Apple, then deeply troubled financially.

"What would I do?" Mr. Dell said to an audience of several thousand information technology managers. "I'd shut it down and give the money back to the shareholders."

And Michael Dell is probably smarter than most people, yet, he wouldn't have been able to do what Jobs has done. He lacks the vision Steve has. What can you then expect from an analyst??

Which brings me to GM and Ford. They also lack vision. They just follow and try to do the same thing the other companies are doing. They could really use a "Steve Jobs". Somebody that is "ruthless" with corporate BS. Somebody that simplifies and gets rid of anything is not important. Somebody that can innovate. Ford says we want "small cars" because of high gas prices. But what we really want is SUVs and good size cars that use a lot less gas like a small car :)

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#3) On June 03, 2008 at 10:10 PM, madcowmonkey (< 20) wrote:

Nope. I still want that flying car (which is really a plane) or one of the amphibian vehicles that gets really good gas mileage. Then I don't need to worry about roads here in N. MI. 

I do like Jobs though. I wouldn't exactly say that his quest is over, more like the beginning is over and now they are getting to the stretch that is right before their prime. What does that say for Ford? Are they experiencing menopause? I have never liked any of my Ford vehicles.

Last little tidbit. I rarely listen to analysts and besides, what is a "fierce rally"? 

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#4) On June 04, 2008 at 3:01 AM, reddingrunner (92.52) wrote:

"besides, what is a "fierce rally"?"

Judging by the quote above it is something that stocks enjoy.  Maybe they do it at the stock-yards, like a demolition derby or something?  Got me, I never was much good at the technical side of investing.  But I think bonds are more into knitting circles and tea-time.  "High tea at the Queen's" - yeah, I'm pretty sure a bond would enjoy that.

Now, if you were an REIT looking for a good time... 

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