Replies to post #80050 on Apple Inc (AAPL)

[WinLoseOrDraw]

Need a number check from Lango - there is about $20 cash in deferred revs - with the current stash that would put AAPL @ $60 at very close to cash value.

Broader markets have hit '04 bottom levels - maybe it's time to start thinking in terms of a retest of the '02 lows. To save anyone the time of looking it up, '02 bottom for AAPL was ~$8.

[langostino]

"more compelling at $60"

Let's see, first you show up, and without so much as an introduction, start ripping and mocking people for daring to point out that the stock price and the rumor-mill were both reflecting the high likelihood that the September event was going to be limited to iPods and music only.

Next you're talking about how you've held the stock for 4 years. And now you're ripping analysts for not having put a sell call on 4 weeks ago when presumably you believe anyone knowledgeable in AAPL would have known to sell. Then issuing your own call for AAPL to go to $60.

I guess somewhere between the post about holding AAPL for 4 years and now, you must have sold it and gone short, or loaded up on puts, right? Being as "it'll be more compelling at $60" and all.

[peacecorps]

Barklays is still predicting an EPS increase in 2009 - but can it decline instead? FY08 should have 5.1 or so, if next year it earns 5, the price should be 75. However, when money is tight for average Joe, that $5 can be hard to reach. Actually, I see the pricey AAPL is more vulnerable in the tight economy. Therefore, $60 is not unfathomable some time next year.