Apple Stock Opens Down 5% on Steve Jobs Leave of Absence

[cvaldes]

Yeah people look at history. Last time Steve Jobs went away, Apple almost disappeared. Explains the jitters.

AAPL closed at $85.33 on January 14, 2009, the day Steve Jobs took a medical leave of absence, eventually culminating with a liver transplant in April.

The stock closed at $163.39 on July 31, 2009. That's an increase of 91%.

The Nasdaq index's closing numbers for the respective dates were $1,489.64 and $1,978,50, an increase of 32.8%. AAPL blew doors on the Nasdaq.

Doesn't sound much like disappearing.

If you are to post your "opinion" in the future, I suggest you check your facts first.

 

[redcupr]

I spy, in my little eye...a buying opportunity

 

[RalfTheDog]

At these prices, it's a purely emotionally driven stock anyway.

Dude, look at it's PEG Ratio, 0.87. A stock with a PEG below 1 is undervalued. If anything, Apples PEG is probably lower than reported. Some think the PEG should be at 0.3 something.

@ all the people who are expecting blowout numbers this quarter, I would be very surprised if this quarters numbers are all that hot (in relation to expectations. I am sure any other company would kill for Apples growth numbers.). Next quarter should be the blowout.

 

[Aatos.1]

1) Still don't get all the 'investors' how they react to every cough of someone.

2) But we can be sure that stock will re-bounce once a new record earnings quater is announced. Than the iPad2 is around the corner which will propel the stock price some more. Once it's flat again, the iPhone5 will be announced again.

1) I'm a long term (15+ yrs w/Apple) investor and agree with you.

2) As an optimist I'm a bit more cautious, reason being, the medical status of Jobs is quite possibly far more grave than many realize. Therefore I'm not so sure "this time" the medical leave will see a positive outcome. In a word, guarded, is my viewpoint.


via iP4

 

[Geckotek]

Dude, look at it's PEG Ratio, 0.87. A stock with a PEG below 1 is undervalued. If anything, Apples PEG is probably lower than reported. Some think the PEG should be at 0.3 something.

I stand corrected, haven't looked at it in a while.

 

[JAQ]

Down only 3.5%? So much for my plan to pick it up on the cheap and hold it until the iPhone5 announcement.

 

[Andy-V]

Jobs made Apple into what it is today but the key thing is that Apple exists without Jobs. When he goes, it wont all collapse. Apple is filled with a whole load of people who can continue their work as excellently as they are doing today. Jobs deserves tons of credit, but not ALL of it.

 

[JAQ]

OK, never mind the day/week/month-trading tactics. Apple is a solid long-term investment. Even if Jobs were to never set foot inside One Infinite Loop again, it would still be a sound company with a good future. Cook, Ive, Schiller, Forstall, Johnson, and the rest of the executive team are all really good, and while Apple might lose some of its "cult" without Jobs, it could also gain some credibility among skeptics without that "cult" label. It might even do better by loosening up a little where Jobs tends to over-control. Morbid as this may sound, if Jobs doesn't return from leave, I'm buying as much Apple stock as I can afford on the day after that announcement.

 

[teasphere]

I was waiting like a hawk and nabbed some at almost the exact low today of $326. I have no doubts that the stock will be hurt tremendously if Steve is totally out of the picture, but I also believe that Apple has massive upside and potential that is untapped. I'd love to eventually see a split and another run into the high $200 low $300s.

I'm invested not only financially but personally in my hopes that Apple continues to do what it does and also bring about a major shift in other businesses. It's been happening and I hope it continues. People should demand better design and better experiences, even of Apple.

I invest in companies I believe in and use, even if that means I miss some great opportunities elsewhere. Even if you lose money, if you invested in something you believe in, you didn't lose.

 

[Xian Zhu Xuande]

I stand corrected, haven't looked at it in a while.

Linkity Link!

 

[Bubba Satori]

good time to buy?

Don't get investing advice on iToys rumor forums.

 

[Xian Zhu Xuande]

Don't get investing advice on iToys rumor forums.

I was about to type a +1 in there, but then I realized that there isn't really a good general place to get this sort of advice. It only really comes from knowing about a company and how to evaluate its financials.

 

[iPhoneCollector]

trust me they will rise within the next 5 day to over 340

 

[JAT]

Apple is widely expected to beat analyst estimates, performance that could offer the company's stock a lift to at least partially offset today's decline on Jobs' health worries. We'll have full coverage of the earnings release and accompanying conference call,

I would love to have my current position at Apple. It's always fun to manage a company making money.

 

[johnsingh06]

how do i buy apple shares

can show me how to buy apple shares?

 

[gnasher729]

But you meant back in the 1980s, and there's no comparison to the Apple then and the Apple of today. Apple is in no danger of disappearing even if Steve Ballmer were in charge.

Ballmer in charge of Apple would be the best thing that could happen to Microsoft and the worst thing that could happen to Apple.

His first steps would be switching Macs to use Windows Vista, iPad would get a Core i7 and Windows 7 for 10 minutes of battery life, iPhone would get the (what was the name again of the Windows phone that they dropped after selling a few thousand) software, all iPods will come in Zune brown, Apple buys Yahoo, AOL, and borrows some money to buy Adobe, and suddenly things go downhill.

 

[LagunaSol]

Leave it to our friends at MSNBC to try to create a sense of investor panic. Maybe someone isn't happy about Apple's market valuation over Microsoft's?

"Time to Sell Apple?"

"Apple's future uncertain as Jobs announces third leave."

"Jobs' medical leave may be due to rare cancer." "Company's stock price is plunging."

"Plunging?" Really? As a longtime AAPL shareholder (though I wish I had bought much more, of course) I've seen "plunging." This ain't it.

WTF?

Go ahead and sell, suckers. See you at $500!

 

[macswitcha2]

Can someone school me on the how and what in buying stocks?

 

[MacConvert]

If I were Steve Jobs...

'

If I were Steve Jobs right now - beyond merely becoming a follower of Christ and allowing Him to pay for my sins by becoming baptized, I would most definitely assemble a small band of leaders from within Apple and share with them everything I know, feel, think about myself, my character, my life, my philosophy that has led me up to this point in life and create a new future that Apple will live into that touches, moves and inspires me, and in turn, my small band of leaders/disciples at Apple.

I'd do the baptism first, then the sharing, but that's just me... and what do I know...

God bless you Steve.

 

[cvaldes]

Dude, look at it's PEG Ratio, 0.87. A stock with a PEG below 1 is undervalued. If anything, Apples PEG is probably lower than reported. Some think the PEG should be at 0.3 something.

@ all the people who are expecting blowout numbers this quarter, I would be very surprised if this quarters numbers are all that hot (in relation to expectations. I am sure any other company would kill for Apples growth numbers.). Next quarter should be the blowout.

Nah, Apple's Q1 (ending in December) is always the largest, due to holiday sales.

 

[LagunaSol]

I would most definitely assemble a small band of leaders from within Apple and share with them everything I know, feel, think about myself, my character, my life, my philosophy that has led me up to this point in life and create a new future that Apple will live into that touches, moves and inspires me, and in turn, my small band of leaders/disciples at Apple.

What do you think Cook/Ives/et al have been gleaning from Jobs all these years? They certainly understand (and probably share) his philosophy at this point.

As long as we can keep ex-Pepsi executives out of the driver's seat, Apple will keep on truckin'.

 

[Queso]

Interesting. Stock is recovering slowly. Now only 2% down with upward trend. Might even break even by close of trading.

 

[cvaldes]

Can someone school me on the how and what in buying stocks?

Visit the website of a brokerage, like E-Trade. They all have beginner's guides to investing. Read those tutorials.

You can also visit Yahoo Finance (finance.yahoo.com) and look at the education center under the Investing tab. More info there. Any major finance site will have similar tutorials.

This topic has zero relevance for a technology rumors site.

 

[cvaldes]

Interesting. Stock is recovering slowly. Now only 2% down with upward trend. Might even break even by close of trading.

Yeah, if you look at the intraday chart, it is trending that way. My guess is by Friday, it will have hit another all-time high and today's droop with be just a tiny blip.

Heck, it might even get there today in after-hours trading.

 

[AppleFan1984]

"Jobs' medical leave may be due to rare cancer." "Company's stock price is plunging."

"Plunging?" Really? As a longtime AAPL shareholder (though I wish I had bought much more, of course) I've seen "plunging." This ain't it.

WTF?

Go ahead and sell, suckers. See you at $500!

Yep - looking right now, I see a drop of less than 8%, far below most of the conservative estimates thrown about by analysts yesterday. Rather good, actually, all things considered.