Agathon to discuss Apple's stock price

[Ninot]

The thread title is misleading

I want Agathon

[Asher]

Give him time. I have full faith he will reply with an honest breakdown of why the stock market is evil, a full reversal from his prior statements.

[Q Classic]

SCO's not down at all with the recent news.

Then again, they were recently delisted...

[-Jrabbit]

I'm sure Agathon will point out that the stock is still well above its 52-week low (last Feb) of $82.86 (for now)... So basically, AAPL had a great 10 months. Now it's coming back to earth. Isn't that the way of the world in the stock market?

[Kuciwalker]

None of which even addresses Asher's argument.

[Asher]

Originally posted by -Jrabbit
I'm sure Agathon will point out that the stock is still well above its 52-week low (last Feb) of $82.86 (for now)... So basically, AAPL had a great 10 months. Now it's coming back to earth. Isn't that the way of the world in the stock market?

So it was overvalued.

[Ninot]

Does this mean that iTouches will come down in price?

[LordShiva]

Originally posted by Ninot
Does this mean that iTouches will come down in price?

"I don't want anybody else, when I think about you iTouch myself"

[-Jrabbit]

Originally posted by Asher

So it was overvalued.

Hey, no argument from me, Asher. Like you, I just posted facts... you know, while we wait for Agathon to weigh in.

[Riesstiu IV]

I blame the Mac Book Air.

[embalmer42]

Originally posted by Wezil


Facts can be misleading. I make a living from it.

If you call that a living.

[Sirotnikov]

Originally posted by LordShiva


"I don't want anybody else, when I think about you iTouch myself"

[Wezil]

Originally posted by embalmer42


If you call that a living.

Wow, an Embalmer42 drive-by shooting.

[Dinner]

Still no Aggie?

[-Jrabbit]

AAPL closed at US$139.07 today, down $16.57 for the day.

Some stock analyst comments from today on Marketwatch.com:

"We are still positive on the stock," said Shebly Seyrafi of Caris & Co. Mr. Seyrafi changed his rating on Apple's shares to above average from buy, and also lowered his target price to $165 from $225 a share.

Mr. Seyrafi based that on a slowing growth rate of iPods and disappointing notebook sales compared to the quarter before, even though they were up 38 percent year-over-year.

"In short, Apple needs Macs and iPhones to pick up the slack for a maturing iPod category, which could still become more evident over the long term in our view," Ben Reitzes wrote in a note to clients. Mr. Reitzes trimmed his price target to $200 from $235.

Toni Sacconaghi of Bernstein Research pulled back to a target of US$165 while Bear Stearns' Andy Neff thinks Apple is in a better position in 2008 than last year and set his target at US$220.

"Apple is on the cusp of multiple product cycles," Mr. Neff commented. "We're actually more comfortable on Apple's drivers due to iPhone shipping, accelerating Mac momentum and digital video, where video rentals [are] just starting."

So basically, while analysts still are positive on AAPL (80% still list it as a "buy" recommendation), most are reducing their target prices. Thus: more confirmation that the stock was overvalued.