1 year ago
My take: Joe Kernen is a joke, but he asks a relevant question: Why buy Apple at the top?
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Long term Apple investors long have known the answer to Joe Kernen’s naive question: Apple’s top today is Apple’s bottom tomorrow. One gets aboard the Apple Express before it leaves the train station. Otherwise, you have missed the train.
Apple’s stock price long term just keep growing in value like the Duracell battery just keeps going and going. There is no greater company on the planet in innovation, quality products and service offerings supported by the greatest leadership in administration, management and operations predicated on great talent. As long as Apple has all the combinations working in harmony together the company is on track for much further stock price growth. My personal Apple stock price projection is $175 by Q1 2022 and $200 by Q4 2022.
Then they redesigned their forum. It was a disaster and it’s participants said so. TMO’s response was to lash out at those participants, going so far as to describe them as less than worthy.
TMO’s ranking among Apple centric sites dropped like rock, I don’t know if it ever recovered.
Wes was an excellent source for Apple news. Whatever happened to him?
Those are my projections for OCT and JAN.
Finally a decent discussion about health. This is NOT priced in.
And great point about upgrades: The category of 3 yrs or older remains at 400 million forever. Each day that a user upgrades, another user ‘graduates’ to the 3 yrs or older class.
While everybody is thinking “Buy Low, Sell High”, Apple is forced to pay a premium in order to avoid SEC rules violations. Even with that boat anchor wrapped round it’s corporate neck, nobody has bought more shares since Apple’s buyback program began, and yet Apple’s average basis is well below today’s prints.
Average annual equity appreciation during the past 10 years is ~24%.
If you aren’t buying the sell offs you’re a fool.
Any analyst with less than a BUY rating on AAPL is hurting his clients.
But Apple is not transforming to a value stock, as it is still a growth stock, specifically in the areas of health and transportation.
“…Apple is not transforming to a value stock, as it is still a growth stock…”
Yep. Been that way for years. That’s why “Why buy Apple at the top?” misses the point; Apple is not through growing, and thus neither is AAPL.
As Gregg said, AAPL selloffs are a no-brainer invitation to buy and hold more AAPL – for those that continue to generate new excess cash. For those of us who are old, retired, and not flush enough to allow “gambling”, simply holding AAPL through thick and thin is a great approach.
It’s beyond the comprehension of some folks that Apple could still be growing. It’s now been many, many years since the “law of large numbers” was supposed to have taken its toll. But when you are literally blazing a trail into the future, those kinds of rules no longer apply, hard as it is for the “less adventurous” of mind to comprehend.
Total expense $112,900, current value 900 sh x $153.65 = $138,285, a tidy 22.5% profit for the year’s worth of work. Nothing fancy, nothing speculative, just above average growth over the long haul, and a strong foundation for future growth.
If that person instead had been accumulating 20 shares a month starting in October 2019, and kept buying through successive highs, lows, and then new highs till August split, their share cost and total investment costs would have been even lower.
As said above, successive Apple new highs are yesteryear’s investment floors. Everyone so wants to hit the big home run to come back from a deficit when it is so much better to hit singles and doubles and consistently score runs to stay ahead.