Cramer Reports AAPL price per share to be $264 by 2011

Discussion in 'Apple, Inc and Tech Industry' started by BrownManUPS, Sep 16, 2009.

  1. BrownManUPS macrumors 6502a

    BrownManUPS

    Joined:
    Jul 30, 2007
    Location:
    California
    #1
    CNBC Mad Money's Jim Cramer originally said that Apple was going to have a nice increase over the next few years to $200. The market did close at $175 a share, so 14% would be okay, but Jim Cramer says it will be even bigger, as much as a 50% by 2011. This is mainly due to an old accounting standard which doesn't recognize all the earnings due to iPhone earnings and other earnings, which will likely change within the next few weeks.

    Kramer believes that iPhone and other accessory earnings are not accounted for currently, which hedge funds use to account their stock prices. Apple still shows the earnings on the cash flow statement, but the first call earnings estimate doesn't include iPhone sales, causing the misconception in share price. From the website:

     
  2. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #2
    APPLE has been up as much as $7.12 today. Several other upgrades to their stock happened within the last few days. Great time to be a stockholder. :D

    Prays that the Chinese gobble up iPhones.
     

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