JP Morgan Starts APPL at Neutral

Discussion in 'Current Events' started by Chad4Mac, Dec 2, 2003.

  1. Chad4Mac macrumors 6502

    Joined:
    Apr 20, 2002
    Location:
    Los Angeles
    #1
    Nothing new here. Stresses concern over Dell and Samsung media devices and Apple's market share loss in this new market.

    Check of the PDF here

    Chad4Mac
     
  2. caveman_uk Guest

    caveman_uk

    Joined:
    Feb 17, 2003
    Location:
    Hitchin, Herts, UK
    #2
    Yawn....by these guys reckoning Apple should have gone bust years ago.
     
  3. Chad4Mac thread starter macrumors 6502

    Joined:
    Apr 20, 2002
    Location:
    Los Angeles
    #3
    As a short term investment thesis the neutral rating makes sense

    1) Yeah, they are making profits on the iPod, but as more and more competitors enter the market, you could see a loss in their margin -- as they drop the price a nudge.

    2) IT upgrades in the near term picture already priced in. This happenend when the G5 was released.

    3) Education biggest opportunity but there is intense competition (cough...Dell, HPQ).

    4) Technical: found some support on the 150 day, looking at resistance at the 50 day.

    Unless Apple releases something really cool or does iTunes Japan, Europe, Canada really soon, I can't see the stock price surpassing 25. There needs to be some kind of catalsyt to bring it past this level.

    I like it under $21.

    Chad4Mac
     

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