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Sales of FCPX/ share price
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Your shares will be safe as long as there’s an endless supply of new rubes with short memories.
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“Those who cannot remember the past are condemned to repeat it”
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I don’t disagree with your logic… it just seems like we have an even bigger void in management these days though. Perhaps it’s because they are straddling two worlds… Steve’s and whoever is next in line…
Mitch Ives
Insight Productions Corp.
mitch@insightproductions.com
http://www.insightproductions.com -
[Mitch Ives] ” it just seems like we have an even bigger void in management these days though.”
That’s the thing. Nobody on Wall St. will care about this unless it affects Apple’s bottom line, and I think you’ll agree that the net result will be much more money for Apple. At the expense of some customers of FCP 7 of course, but trading off for what is surely a much larger customer base in the future.
The fact is that, on fundamentals alone, Apple is already significantly *under*valued. That’s true of a number of stocks in this sector of course — Microsoft shares are flat on doubled revenue and profits — which suggests that larger market forces are holding them back. But looking at Apple in isolation (never a good idea with stocks of course), I can imagine that the real drag on upside might be concern with Steve’s health, and the succession plan.
The next few months are looking awesome for Apple, with Lion, a new MacBook Air, iPhone 5, a rumored iPad 3 in Q4 (this has been rumored all year, but, frankly, looking more credible from what I read) — oh yeah, and this insanely hot video software running on iPad (you KNOW it’s coming)…
In short, if you can get past issues regarding Steve and the succession plan, I think that this is a fantastic time to buy Apple stock. $400/share seems easily within reach based on today’s fundamentals alone. Another couple of quarters with Apple blowing away the number, who knows? Another split?
The concerns you have about FCP 7 for yourself are exactly as legitimate as you think they are. They just won’t have any bearing on Apple’s course in the market. iPhone 4’s antenna issues affected a lot more people, and got a lot more coverage. A year later, the problems are still there! Nobody cares, least of all Wall St. The perception is that Apple can do no wrong…even though every news outlet in the country widely reported that they CAN, and DO.
I don’t invest in stocks at all, but I still enjoy keeping up with the market. If I was buying stock though, I’d be making a beeline for Apple. The numbers are the numbers, the perception is the perception….and on Wall St., that can be worth even more.
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