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Apple Share Forecast Raised to $310 From $275 by Morgan Stanley . . .

nova5

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Jan 26, 2009
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May 24 (Bloomberg): “Apple Inc. may rise 28 percent from last week’s close as investors embrace market share gains for the iPhone and demand for its iPad computer, according to Morgan Stanley.”

“Analyst Kathryn Huberty raised her price target to $310 from $275 and put the company on a list of “best ideas,” according to a note to clients today.”

“Apple climbed $6.44, or 2.7 percent, to $248.76 as of 9:38 a.m. in New York. It closed on May 21 at $242.32, up 15 percent for the year.”

Source: http://www.businessweek.com/news/20...raised-to-310-from-275-by-morgan-stanley.html
 

SkyRider

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Mar 31, 2009
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May 24 (Bloomberg): “Apple Inc. may rise 28 percent from last week’s close as investors embrace market share gains for the iPhone and demand for its iPad computer, according to Morgan Stanley.”
Is there a saturation point for Apple products? Hard to believe it is still a growth company when it started at about the same time as Microsoft which is now a matured company.
 

nova5

Senior Member
Jan 26, 2009
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Hard to believe it is still a growth company when it started at about the same time as Microsoft which is now a matured company.
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You make a good point about Apple being perceived as a growth company . . . I have wondered that myself . . .
 
B

burt-oh-my!

The problem I have in investing in companies like Apple is the valutaion of the stock and what it implies in terms of recurring income and/or growth. With a market cap of $240 billion, Apple is worth 5 times Bank of Nova Scotia. Now, I know Apple had had some wonderful products, but who is to say they will continue to dominate?

I know they do have some recurring income with iTunes etc, but for the most part I would assume that they are often selling one-time purchases. I guess the market has a lot of faith in them continuing to be able to churn out hit products.
 

nova5

Senior Member
Jan 26, 2009
1,889
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The problem I have in investing in companies like Apple is the valutaion of the stock and what it implies in terms of recurring income and/or growth. With a market cap of $240 billion, Apple is worth 5 times Bank of Nova Scotia. Now, I know Apple had had some wonderful products, but who is to say they will continue to dominate?

I know they do have some recurring income with iTunes etc, but for the most part I would assume that they are often selling one-time purchases. I guess the market has a lot of faith in them continuing to be able to churn out hit products.
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Bear in mind that Apple is perceived as a ‘growth stock’ at this junction and Wall Street pays for growth.
 
B

burt-oh-my!

Yes, and sometimes that growth will come through, but if there is any faltering, watch out. $250 billion market cap implies profits of around $15 billion if using a 16.5 times PER. That's a lot of nifty gadgets needing to be sold - year after year after year.
 

hinz

New member
Nov 27, 2006
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I may be interested in investing AAPL when they start to use huge cash hordes by paying a meaningful dividends like INTC or MSFT.

Having said that, if I have to invest one of those big tech name without receiving dividends, I will take a look at CSCO around $20-$21.
 

Ginglay

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Jul 12, 2002
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interesting thread...

I own shares in both apple and rim...

I have been watching the incredible hipe and run up of apple (and the drop in rim 16% drop even after a positive last quarter) and i have been wonder why such certainty from everyone that apple will win the day world wide and all other players will die (palm was the first casualty in the market wars, lol, even though their product was good).

The way i see it, the world is a very big market place and not everyone can afford the high prices of apple products which usually come with proprietary pay services; certainly not people in the growing economies of india and china where its possible for the populations to skip the cell phone generation and go directly to smart-phone. this represents billions of customers. these customers will buy a smartphone before they will be willing to buy an ipad device. Secondly, people love choice. I, for one, even though i own apples share i don't own apple products solely because i don't like being forced to adopt apple-only standards on video, audio etc. i am sure other people are like me. So then why does the market perceive that apple is the only viable producer of smart-devices out there?
signed baffled....
 
Last edited:
Dec 12, 2007
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just stick with apple - absolute best in breed scamming market share everywhere - esp after today, sell rim next pop and stick to apple.
 
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