AAPL - under $90 it is trading for effectively 2x cash - not 2x book, but 2x cash - as there is a huge amount of deferred rev just waiting to fall onto the books. To put AAPL's cash horde in perspective, they could have done the the Buffet/Goldman deal four times over and still had a multi-billion pile left over. If cash truly is king over the next couple of years, AAPL is GLDN.
how far out is the deferred rev? edit...man i was just thinking we actually have a useful and interesting thread on ET and it's only 2 pages. go figure....
iPhone revs are spread evenly over 8 quarters (2 years). So nearly half the revenue from the *first* iPhone release has yet to find its way onto the books.
considering their spot exposure to BDI pricing and the shadowy activities of the ceo (gorgeous george economou), I think that stock's glory days are WAY behind it. It's literally been run aground.
Y is everyone in a hurry to go long--bottoms are generally 3-6 months in making - you wont miss anything my 3 top equities WHEN things look rosier 1)ECA 2)DE 3)BNI ECA is a rock solid company and will be split into 2 sometime soon. Hope to own both for 3-5 years DE getting cheaper by the day--good fundamentals BNI still the way to transport goods in this country.