Weekend Updates (Archive)

  • Posted: 27 August 2011 06:14 PM #46

    mbeauch - 27 August 2011 07:38 PM
    Unique - 27 August 2011 04:14 PM

    In Sept 2008, Buffett invested 5B in GS, two months later, GS hit a low of 47 bucks from 130+.

    Waiting for the BAC bailout.

    I rather buy RIMM than BAC.


    Unique, WB did not especially get into GS for the share price, it was the special dividend that he was going to get. You have to also remember that they were not shares, they were of the preferred warrants. It is also why GS paid through the nose to get out of the deal this spring. The one thing I have learned over the past couple of years is that it is easy for outsiders to make claims about these banks that are just not true. Good grief, if Meredith Whitney is warming to BAC, Bac can’t be that bad. No stock should ever trade below book value.

    The key is do you believe in the book value of BAC?
    It seems that BAC’s book is the most obscure among big banks. Their goodwill + intangible are larger than their cap.

         
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    Posted: 27 August 2011 07:06 PM #47

    dubhe124 - 27 August 2011 09:14 PM

    snip…....

    Their goodwill + intangible are larger than their cap.

    :-o   “Goodwill” should NEVER be used in the same post as BAC.

      JohnG

    [ Edited: 28 August 2011 12:22 AM by johnG ]      
  • Posted: 27 August 2011 07:09 PM #48

    mbeauch - 27 August 2011 07:38 PM

    Good grief, if Meredith Whitney is warming to BAC, Bac can’t be that bad. No stock should ever trade below book value.

    True.  But for some reason, anything leaving Meredith’s mouth isn’t worth taking to the bank, so to speak.  Too, book value assumes that its liabilities are properly stated.  I’m not convinced they are but we will see.  I’m looking to exit at $8.50 per share.

         
  • Posted: 27 August 2011 07:23 PM #49

    This is worth posting again and it has been updated.  This probably could have been one of us growing up.  And one of the pics has Steve sporting the biggest smile I’ve ever seen from him.  It warms the heart.

    http://allenpaltrow.tumblr.com/post/9375814057/my-experience-with-jobs-and-apple

         
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    Posted: 27 August 2011 08:11 PM #50

    Mercel - 27 August 2011 10:23 PM

    This is worth posting again and it has been updated.  This probably could have been one of us growing up.  And one of the pics has Steve sporting the biggest smile I’ve ever seen from him.  It warms the heart.

    http://allenpaltrow.tumblr.com/post/9375814057/my-experience-with-jobs-and-apple

    Great story, thanks for sharing!

         
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    Posted: 27 August 2011 09:54 PM #51

    Horace is beginning an analysis of Apple’s P/E.

    http://www.asymco.com/

    Signature

    AAPL: to boldly go where no stock has gone before

         
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    Posted: 27 August 2011 10:42 PM #52

    Red Shirted Ensign - 28 August 2011 12:54 AM

    Horace is beginning an analysis of Apple’s P/E.

    http://www.asymco.com/

    Thanks for the link. The analysis is from a contributing author, Dirk Schmidt, rather than Horace. Horace’s brilliance is nearly impossible to match. It seems he’ll be publishing analysis from others, by the way, on a regular basis. I’d love to see some of DT’s/RL’s work in that venue.

         
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    Posted: 27 August 2011 10:48 PM #53

    Red Shirted Ensign - 28 August 2011 12:54 AM

    Horace is beginning an analysis of Apple’s P/E.

    http://www.asymco.com/

    My knee-jerk reaction to the article (did Asymco write it or the new contributor?) is that it completely, utterly ignores Q2 and the ongoing Q3.  “Average” P/E analysis?  I can tell you one thing, we’re not anywhere near 18 now.  How about what Apple’s trading for, right now?

    Signature

    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
  • Posted: 27 August 2011 11:27 PM #54

    Mercel - 27 August 2011 10:23 PM

    This is worth posting again and it has been updated.  This probably could have been one of us growing up.  And one of the pics has Steve sporting the biggest smile I’ve ever seen from him.  It warms the heart.

    http://allenpaltrow.tumblr.com/post/9375814057/my-experience-with-jobs-and-apple

    Great story. I read it as Alan Jackson was singing “Remember When” on my iTunes. Yes it warms the heart and jerks the tears. Thanks for posting.

         
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    Posted: 28 August 2011 12:05 AM #55

    Mav - 28 August 2011 01:48 AM
    Red Shirted Ensign - 28 August 2011 12:54 AM

    Horace is beginning an analysis of Apple’s P/E.

    http://www.asymco.com/

    My knee-jerk reaction to the article (did Asymco write it or the new contributor?) is that it completely, utterly ignores Q2 and the ongoing Q3.  “Average” P/E analysis?  I can tell you one thing, we’re not anywhere near 18 now.  How about what Apple’s trading for, right now?

    The byline is Dirk Schmidt’s. As a Mav guy, you should at least like his first name. The analysis seemed superficial. Horace sees very deeply into things.

         
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    Posted: 28 August 2011 12:11 AM #56

    That was funny.

    And no.  You could also say that as an Apple fan, I should at least NOT like…nevermind.

    asymco, it’s fine that your estimates were on the low side this quarter, particularly for iPhone.  But what is with that last article (which has no byline)?  Apple’s P/E has tanked to 15.18 and “average P/E” will grossly distort AAPL’s valuation disrespect.

    Signature

    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
  • Posted: 28 August 2011 12:28 AM #57

    Red Shirted Ensign - 28 August 2011 12:54 AM

    Horace is beginning an analysis of Apple’s P/E.

    http://www.asymco.com/

    I liked Horace’s comment on Apple 2.0s blog about Dvorak the other day.  I was less impressed with his EPS #s the last 2 quarters, so if he’s outsourcing it now then good for him.

         
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    Posted: 28 August 2011 12:31 AM #58

    Red Shirted Ensign - 28 August 2011 12:54 AM

    Horace is beginning an analysis of Apple’s P/E.

    http://www.asymco.com/

    Seems like terribly flawed analysis given the astounding difference in earning growth between Apple and its “competitors”.

    JMO, a more insightful analysis would be to use PEG as the comparison metric.

      cheers to the longs
          JohnG

         
  • Posted: 28 August 2011 12:31 AM #59

    Mav - 28 August 2011 01:48 AM
    Red Shirted Ensign - 28 August 2011 12:54 AM

    Horace is beginning an analysis of Apple’s P/E.

    http://www.asymco.com/

    My knee-jerk reaction to the article (did Asymco write it or the new contributor?) is that it completely, utterly ignores Q2 and the ongoing Q3.  “Average” P/E analysis?  I can tell you one thing, we’re not anywhere near 18 now.  How about what Apple’s trading for, right now?

    Hell, I’m not even using a P/E of 18 anymore.  But that doesn’t mean he’s wrong using it—a P/E of 15 is capitulation.

         
  • Posted: 28 August 2011 12:33 AM #60

    johnG - 28 August 2011 03:31 AM
    Red Shirted Ensign - 28 August 2011 12:54 AM

    Horace is beginning an analysis of Apple’s P/E.

    http://www.asymco.com/

    Seems like terribly flawed analysis given the astounding difference in earning growth between Apple and its “competitors”.

    JMO, but a more insightful analysis would be to use PEG as the comparison metric.

      cheers to the longs
          JohnG

    No question that PEG should be used.  Sadly, it won’t gain any currency among the talking head simpletons.