Haiku-writing analyst sounds uncharacteristically bullish on Apple (video)

From “Chatham’s Collin Gillis on Apple earnings: We’re looking for 32% revenue growth” aired Wednesday on CNBC:

My take: The last note I received from Gillis, dated Oct. 17, 2019, included this line:

While the company has been able to leverage its consumer trust into new service revenue, the core business and platform still runs the risk of becoming passe.

See also: Collin Gillis, the haiku guy, still plays the skunk at Apple’s party.

UPDATE: “I always got a haiku!” Gillis writes. Here’s the latest…

The quarter will smoke.
The only question will be,
December guidance.

13 Comments

  1. Bart Yee said:
    Gillis is modeling “north of $85B” (say 85.75?) and 1.25 eps but with a likely upside.

    So why don’t these guys stick their necks out and state the upside numbers or even a % upside they think will happen?

    1
    October 28, 2021
    • David Emery said:
      It’s asymmetric. They’re OK with being wrong on the low side, but scared of being too high…

      2
      October 28, 2021
  2. Jerry Doyle said:
    If Apple would just give us some positive guidance then the company too, like MSFT, would see a double digit “pop” in stock price in this market environment. Collin Gillis is saying what I long have said leading up to today: The markets do want to give Apple its due approbation, but only if Apple responds. If Apple does not give the markets needed guidance color going forward, then the pressure points of which Wilford Frost denotes continues to drag on the stock price. Just as Collin stated, as soon as the Q4 numbers are given all eyes turn to the Q1 2022 quarter and that is what drives today’s market reaction to the stock price. Apple needs to give us needed definitive clarity or we just continue this lethargic pattern. You can hear the emotion in Collin Gillis’ voice saying just give me clarity so that I can reward you, Apple.

    5
    October 28, 2021
    • Bart Yee said:
      @Jerry I agree with you, but with real concerns about the supply chain, Apple IMO is better off to “underpromise and overdeliver” rather than “overpromise and underdeliver” for which they would get pummeled. If Wall Street wants to keep prices lower, Apple buybacks benefit, not that that is what Apple is trying to do intentionally. The ASP for AAPL stock rose from $127 in June Quarter to ~$144 during the Sept. Quarter, a fairly substantial rise QoQ. Still, Apple sees AAPL stock as perpetually undervalued given what Apple can do now and will do in the future from a financial standpoint.

      3
      October 28, 2021
      • Gregg Thurman said:
        better off to “underpromise and overdeliver”

        A B S O L U T E L Y

        2
        October 28, 2021
  3. Rick Povich said:
    I think Gillis must have briefly gone off his meds.

    0
    October 28, 2021
  4. Gregg Thurman said:
    Did somebody get a whiff of Apple’s numbers? We’re closing in on all-time high territory

    7
    October 28, 2021
  5. Ken Cheng said:
    Never heard of Chatham Road Partners. I was wondering who would hire Colin, so I went to the website, and it turns out to be Colin hanging his own shingle. His website is completely unfinished, with generic placeholders in the About Me and Blog page. Or at least I think they’re generic placeholders, because Services includes Self-Improvement, 45min for $90; Couple’s Guidance, 1h30m for $120; and One on One Coaching, 1h for $70.

    The only seemingly real page is the contact page.

    He should join a group with Rob Enderle, Dave Trainer, and others who seem to have gone out on their own.

    1
    October 28, 2021
    • Gregg Thurman said:
      Rob Enders, now there’s a name from the past. Tried to start a company selling snake oil, calling it “research”. CNBC loved him, had him on several times before investor backlash sent him on his way.

      1
      October 28, 2021
      • Timothy Smith said:
        Enderle was the first apple analyst i ever hated.

        2
        October 28, 2021
  6. Gregg Thurman said:
    First hour share volume is 26.600 million. Based on a limited number of prior ratios, this implies total volume today will be ~88.600 million shares.

    1
    October 28, 2021
    • John Konopka said:
      Lots of jostling and shoving going on before the music stops.

      1
      October 28, 2021

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