midasreturns (< 20)

No Lucky Charms earned yet.

midasreturns's CAPS Blog

It's no secret that AAPL.....

Recs

1

Report

July 24, 2012 – Comments (1) | RELATED TICKERS: AAPL

AAPL

Earning is out and AAPL sees another quarter of double-digit growth. But ......

Apple shipped approximately 26 million iPhone units during the June quarter. Analysts were expecting a little more than 28 million units shipped for the period.

Revenue rose 23% to $35 billion, which also fell below analysts’ estimates of $37 Billion.

The iPhone and iPad maker reported fiscal third-quarter net income of $8.8 billion, or $9.32 a share, up from $7.31 billion, or $7.79 a share, a year earlier. But this missed the estimates as well. The analysts were expecting $10.37.

Finally the almighty AAPL missed the estimates and the shares tanked. But please do not compare apple Inc. with other tech growth stories because AAPL still sports a P/E of 13 compared to 184 of Amazon Inc and 50 of VMW.

The question is where do we re-enter apple so that Iphone 5 bonanza is not missed.

I see two entry points - $555 and $520. So I suggest that you split your $$$$ into two parts and then invest.I personally split my money into 3 parts – Now, $555 and $520.

For more Visit - my website

1 Comments – Post Your Own

#1) On July 25, 2012 at 1:52 AM, awallejr (80.10) wrote:

Yeah I would like AAPL at low 500s too. They really didn't miss estimates. AAPL MET its estimates, it just didn't meet the estimates of others. Its forward guidance, however, is weak but I will chalk that off to people holding off until Iphone5, which I am doing heheh.

Report this comment