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Not quite cpg. I've gotten plenty of reps from those who agree. That's what makes a market; the Pollyanna's such as yourself and the realists who take an objective view on the markets. And to Apple, 5.5x book value 14 P/E with future negative growth. A value stock is Exxon at around 2x book, 11 P/E.
I just have to laugh at this line. The only great advance of the last 10-15 years is the increase in the money supply from CBs. That's NOT true economic growth.
That is XOMs previous 4 quarters multiple and it's 12x. Considering you are so sure Apple will have negative growth in the next year, you should know that energy stocks have already stated they expect much lower earnings this year. If the next 3 quarters look anything like the last you are looking at XOM with a forward EPS of around 15x.
Not quite cpg. I've gotten plenty of reps from those who agree. That's what makes a market; the Pollyanna's such as yourself and the realists who take an objective view on the markets. And to Apple, 5.5x book value 14 P/E with future negative growth. A value stock is Exxon at around 2x book, 11 P/E.
I just have to laugh at this line. The only great advance of the last 10-15 years is the increase in the money supply from CBs. That's NOT true economic growth.
Really? You're relying on reps from the CD crowd for validation? Well, THAT'S the definitive answer then. I'm sure that if you went on the Parenting forum and offered up some hare-brained theories on not vaccinating your kids, you'd get a nice little golf clap from a half-dozen nitwits. Hey, if you floated a theory that we should peg the dollar to the Euro, there would be people who thought you were a genius.
I'm no Polyanna, by the way. I came out smelling like a rose during the mortgage meltdown, chiefly because I ignored the cheerleaders in the FIRE economy. But you've obviously formed a thesis and tailoring your facts to fit the thesis, pulling down one easily-refuted fact after another. Over the past fifteen years, I've heard guys like you say the same thing over and over again...Apple's going to run out of road, Apple's out of ideas, Apple's sales are going to plunge. And year after year after year, Apple tattoos it, just like they did last quarter. Hell, I'm not even an Apple fanboy. But after a while, you'd think guys like you would get tired of being wrong. I mean, don't you get tired of being wrong? Ever?
And you actually offered up a pretty terrible example in Exxon. Not only is it a company that sells a commodity product, but that 11 PE ratio reflects the horror show that's going on in the energy industry right now. In 2009, it was around 17 when gas was north of $4 a gallon, if memory serves correctly. Two completely, utterly different kinds of companies having two completely, utterly different kinds of years. And yet, Exxon's PE ratio is only 3 points lower than Apple's.
Really? You're relying on reps from the CD crowd for validation? Well, THAT'S the definitive answer then. I'm sure that if you went on the Parenting forum and offered up some hare-brained theories on not vaccinating your kids, you'd get a nice little golf clap from a half-dozen nitwits. Hey, if you floated a theory that we should peg the dollar to the Euro, there would be people who thought you were a genius.
I'm no Polyanna, by the way. I came out smelling like a rose during the mortgage meltdown, chiefly because I ignored the cheerleaders in the FIRE economy. But you've obviously formed a thesis and tailoring your facts to fit the thesis, pulling down one easily-refuted fact after another. Over the past fifteen years, I've heard guys like you say the same thing over and over again...Apple's going to run out of road, Apple's out of ideas, Apple's sales are going to plunge. And year after year after year, Apple tattoos it, just like they did last quarter. Hell, I'm not even an Apple fanboy. But after a while, you'd think guys like you would get tired of being wrong. I mean, don't you get tired of being wrong? Ever?
And you actually offered up a pretty terrible example in Exxon. Not only is it a company that sells a commodity product, but that 11 PE ratio reflects the horror show that's going on in the energy industry right now. Two completely, utterly different kinds of companies having two completely, utterly different kinds of years. And yet, Exxon's PE ratio is only 3 points lower than Apple's.
3 "points" lower?
hmm. ...you sure you understand PEs?
Actually, I was long Apple during its collapse to around $85 (pre-stock split). I bought in at around $120 (7x ago!!) and sold in the $300's. During its fall to under $100 (about 15 before the stock split) I was screaming how undervalued it was at those prices and not many people were listening. It was pretty scary at the time. I will go and find my posts from that time on another board just for kicks. Now I'm on the other side and the "crowd" is super-bullish. Ironic.
3 "points" lower?
hmm. ...you sure you understand PEs?
Actually, I was long Apple during its collapse to around $85 (pre-stock split). I bought in at around $120 (6x ago!!) and sold in the $300's. During its fall to under $100 (about 15 before the stock split) I was screaming how undervalued it was at those prices and not many people were listening. It was pretty scary at the time. I will go and find my posts from that time on another board just for kicks. Now I'm on the other side and the "crowd" is super-bullish. Ironic.
What crowd is super bullish? Almost everything I have heard regarding Apple is don't expect a huge rally this year like in years past and it's already up ~9% this year. If it hits $120 and gives another 1.7% in dividends you are looking at about a 13% gain. I think that's what most people expected out of this year. Most estimates I saw were ~15% growth this year.
And I already provided evidence when examining forward P/Es XOM is in line with AAPL if not a little higher.
What crowd is super bullish? Almost everything I have heard regarding Apple is don't expect a huge rally this year like in years past and it's already up ~9% this year. If it hits $120 and gives another 1.7% in dividends you are looking at about a 13% gain. I think that's what most people expected out of this year. Most estimates I saw were ~15% growth this year.
And I already provided evidence when examining forward P/Es XOM is in line with AAPL if not a little higher.
All markets except energy are very bullish. Keep in mind the companies we're talking about here. One is a monopoly that owns & sells lots of a finite resource - the most demanded resource in the world/ the other is a consumer electronics company currently in its heyday.
All markets except energy are very bullish. Keep in mind the companies we're talking about here. One is a monopoly that owns & sells lots of a finite resource - the most demanded resource in the world/ the other is a consumer electronics company currently in its heyday.
All markets except energy are very bullish. Keep in mind the companies we're talking about here. One is a monopoly that owns & sells lots of a finite resource - the most demanded resource in the world/ the other is a consumer electronics company currently in its heyday.
A monopoly? I own Chevron. How is that possible if Exxon is a monopoly?
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The only great advance of the last 10-15 years is the increase in the money supply from CBs. That's NOT true economic growth.
...you sure you understand PEs?
