Apple Inc (AAPL)

(Market Call Minute.) Thinks the IOS ecosystem is a win.

The street gets overly focused on iPhone sales from quarter to quarter. Apple also has a big cloud business. There will be a big conversion to the iPhone 7 when it comes out, but don’t wait till then.

Not an expensive stock, trading at 11X earnings. They have so much cash that they don’t know what to do with it. Has a big buyback going on, and they can certainly increase the dividend a lot more. The risk is that a lot of their revenue comes from one product. You are not going to see the massive growth that you have seen in previous years. Dividend yield of 2.15%, which could easily be put up to 3%.

(A Top Pick Aug 26/15. Down 2.3%.) After the latest quarter, the obituary has been retracted for now. This is a company and a stock that everyone has an opinion on. It is a highly bifurcated view in that they really love it, or don’t like it at all. You have to remember that this is a company that has been adopted by a great many people as their way of adopting the mobile experience. Thinks that iPhone 7 coming this fall, will be very, very successful. Valuation is extremely attractive, 30% of their market capitalization is in cash, and it is trading at a single digit multiple.

Everyone is in love with it because of what it did in the past. There have been only moderate innovations since Steve Jobs passed away. He does not see where future growth is going to come from.

(Market Call Minute.) He likes this. The IOS ecosystem has so much more value. It’s cheap.

(A Top Pick Aug 14/15. Down 12.54%.) This has struggled over the last year, but he still likes the name, and is buying it. Has a lot of cash. The best they can do is to beef up the dividend to 3%-3.5%.

Warren Buffet Bought it. They own the ecosystem of phone and iPad and so on. Even if it is a consumer products company you only need 15 times PE to reach their target. They think it will be more of a trading stock. An Apple Car would signify a new growth phase.

The stock has been pulling back. Smart phone penetration in developed markets is already very high. In the emerging markets, where there is more competition, there are very little phone subsidies. Their phones are quite expensive, so they are not seeing the pickup in demand there. Next quarter might be a bit soft. The catalyst may be when their new phone comes out next year. This is transitioning from a growth company to more of a value stock.

Temporarily broken or contrarian. She loves it below $100. You have a very solid company.

He got stopped out of it. They have a high ROE. He worries about how much further they can grow. It is going to be a challenge to continue growing at the old rate. Own them with a stop price in mind. He does not own them based on technicals.

Has this as a Short. Their products are fabulous, but the bottom line is that the iPhone is everything to them, and it is in decline. Trading roughly at around 10X. Expects the stock to fall 10%-15% from here.

Much cheaper than it was a few days ago, so you can absolutely buy it here. If you are waiting for a selloff, this is it.

Sold his holdings recently at about $100. Over the last little while, has realized that iPhone sales growth is starting to wane a little. Representing 2/3 of the revenues, he believes that is a bit of an issue. Valuation wise it is still very cheap, trading at around 10 or 11 times forward earnings. Has lots of cash on the books and paying a dividend, but thinks penetration in China is not as strong as people had hoped. Also, on the next iteration of iPhones, are people going to line up and is it going to be as successful as the previous ones.

(A Top Pick June 25/15. Down 23.08%.) He is concerned with the lack of new product and the lack of change with the iPhone. It is being reported that the new iPhone is not very different than the current iPhone. Also, feels penetration in China isn’t as strong as they had hoped.