NASDAQ:AAPL

Apple Inc (AAPL)

347.73
-0.50 (0.14%)
as of Oct 23, 2026, 8:00:00 pm Market Closed.
2022 watching
0
HOLD

Owned for 4 years and loved it. He has been trimming his position. Over $600 it is a stock that he would rather be a slight seller of. They are doing everything right, tremendous margins and R&D budget. But Sony was the same when they stopped going up. Proliferation of Apple products is extensive and can you get another lift. He sold RIM and has not looked back. He is positive on Google. Samsung Galaxy feedback is great and he likes that company.

BUY

This is his largest portfolio holding and has held it for quite some time. Trading at 14X forward earnings. Long-term growth rate is probably 20%-23%. There are some catalysts coming up with iPhone 5 and iPad 3 will be coming out later this year.

TOP PICK

Continues to be an innovative product leader. You are buying this ex-cash at about 9X earnings. Tremendous growth potential. Potential to pay a tremendous dividend if it decides it wants to. New iPhone is probably coming out this quarter.

BUY

(Market Call Minute) Model price $542

DON'T BUY
His problem with this is that you get to the point of diminishing returns when you get too big.
BUY
Missed earnings expectations for only the 2nd time since 2003. He had expected a weaker quarter but not as weak as it was. When there is a new product right around the corner, consumers will hold back. Trading at a very, very inexpensive multiple. When you start to factor in the cash, it is trading very cheaply.
COMMENT
(Caller bought this at $159 sold his portfolio has a 25%-30% weighting now.) That weighting is a lot. Do you think you will have a 4 bagger again? If you think you are only going to make 15%-20%, then the risk/reward is beginning to outweigh the opportunity.
TOP PICK
Analysts are calling for a 30% earnings growth year over year, which he feels could be conservative. China has become a more and more important market for them and even though there is a slowdown, the demand for their products seems to be accelerating.
DON'T BUY
Good company and good product but he doesn't think you want to choose this as a good investment. He doesn't understand how the company can sustain the growth over the longer term. Thinks there are better opportunities elsewhere.
BUY
If you strip the cash off its balance sheet, this is trading at only around 10-11 times earnings. They keep coming out with new products, keeps innovating and keeps leading the pack.
TOP PICK
(A Top Pick Aug 22/11. Up 69.53%.) There is a lot of speculation about a smaller iPad coming out for the lower end of the market. Feels this is a very good strategy. It seems like there is no area of the market they don't want to go after. There is a new iPhone coming in September. Stock trades at 11X earnings and estimates have high teen growth rate in earnings for the next couple of years. Apple always seems to lowball and estimates and they like to beat them by wide margins.
COMMENT
Trades at a very fair PE of around 12X forward. Great place to be as long as they continue to grow but once you get over that mountain, as do all technology companies eventually, it’s a very long way down. Probably OK for another year or two but he doesn’t know.
TOP PICK
They are creating cash at such a rate that it is becoming a drag on the return on company fundamentals. Have a little over $100 billion in cash and are producing free cash at a rate of about $60 billion a year.
STRONG BUY
Have made very good progress on IOS 6 which will be coming out some time in July. Key to this company is the fortifying of the Echo System. Valuation of 12-13 times this year’s earnings is tremendously compelling.
PAST TOP PICK
(A Top Pick Dec 21/11. Up 78.05%.) He sold a $420 Put for Jan/13 and was obligated to Buy 100 shares for every Put he Sold until Jan/13. Hedged his position by buying a $380 Put, which meant he had to Sell Apple at $380. Doing this he got $20.50 Net credit.
Showing 1,306 to 1,320 of 1,604 entries