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Sat, Nov 21, 2009 - 10:28 AM EST  —  AAPL: 199.92 (-0.59, -0.29%)  |  NASDAQ: 2146.04 (-10.78, -0.5%)

Daedalus Capital CIO: Apple Inc. will hit $200 per share in 2007
Monday, April 02, 2007 - 10:14 AM EST

"Apple Inc. is special. Apple has a culture of innovation. Apple gets it right the first time. Apple delivers simplicity and elegance in its designs. Apple is old enough and big enough to compete with any other company in the world. The sum of all of this is great implementation of a consistent vision: enrich the customer experience," Stephen Coleman writes for SeekingAlpha.

"The Apple Stores, the iPods, the MacTel computers, the iTunes Music Store, the OS X operating system, Apple TV and the iPhone all deliver the great user experience those of us in the Apple world covet and demand. We know that excellence is on the way. We buy without pause. That is why Apple Inc. is going to deliver outstanding results this year and why the stock will hit $200 per share," Coleman writes.

More in the full article here.

MacDailyNews Note: Stephen M. Coleman is the Founder and majority shareholder of Daedalus Capital, L.L.C., where he has served as the Chief Investment Officer since 1994. He was formerly employed for four years by Prudential Securities as a Portfolio Manager. Mr. Coleman formed and is President of Chicken Little Fund Group, Inc., a mutual fund management company for Chicken Little Growth Fund ("CHKNX"), and also serves as General Partner of ALPHA Strategy Fund, L.P., a development stage aggressive growth equity fund. His prior financial experience includes working at Salomon Brothers, Drexel Burnham Lambert, and acting as President of a real estate syndicator in Miami, FL.

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Apr 02, 07 - 09:18 am Comment from: still?

Someone is still using the term "Mactel" ?! get over it, man...

Apr 02, 07 - 09:22 am Comment from: moiety5

Smart guy. Nice he's not afraid to show it.

Apr 02, 07 - 09:22 am Comment from: crazylegs

come on now, i love the enthusiasm, but seriously. that would imply a market capitalization of about $180 billion and they will earn $3-3.5 billion this year, or a valuation of 51 times the higher earnings figures. This is absurd. If it happens, i will love it, but it just will not. I would be happy to sell him my shares at $200 anytime in 2007.

Apr 02, 07 - 09:23 am Comment from: ChrissyOne

Hell yeah.

Apr 02, 07 - 09:23 am Comment from: WiseGuy

Steve Jobs is so innovate, he's dangerous!

"Great spirits have often encountered violent opposition from weak minds." - Albert E.

Apr 02, 07 - 09:29 am Comment from: R

The number's enticing, but I don't want the stock to be THAT volatile, in either direction. Investors already use AAPL to play games-- quick profits here and there. If it rockets up to $200, expect a huge sell-off. Too much roller coaster.

Apr 02, 07 - 09:30 am Comment from: WiseGuy

Err that "innovative", dam spell checker doesn't do grammar.

Apr 02, 07 - 09:31 am Comment from: Moo

you know, I love Apple, and I'm an optimist, but $200 a freaking share?

Maybe 120, but 200?

Apr 02, 07 - 09:32 am Comment from: Moo

And yes, it's time to bury the dumbass Mactel moniker.

Apr 02, 07 - 09:40 am Comment from: Tom Strong

$200 is just crazy talk!

Apr 02, 07 - 09:43 am Comment from: critic

@R

If you own Apple shares as an invesment, you are irrational if you wouldn't want the share price to go to $200 within 12 months. Any money manager would kill for a 100% return in a year. You just have to know when to sell and take your profits.

Investors do not "play games" with Apple stock (except for the analysts who work for the short sellers wink ). As a stock trader, the only way to make money is with volatility. If the price doesn't move, how do you make a profit?

If you don't want to miss a peak, just put in a limit order at a target price of your choosing. That way you won't miss it if you are on vacation the day it spikes. You just have to be careful and watch the limit prices and adjust it up or down as expectations change.

Also, if you are holding the stock just because it is "Apple" and you are in it for emotional reasons, the stock price doesn't matter as you won't make a trade when you should. Hopefully it is not your retirement money.

If you want to buy something Apple for emotional reasons, buy a computer or iPod, not the stock.

Apr 02, 07 - 09:44 am Comment from: Poon Tang

Yeah, well, Microsoft got it right the first time with Zune and I don't hear anyone but the IT guys at work talk about it. That's okay. Microsoft is lying in wait to pounce on Apple big time with Zune II. I can feel the pressure now. Silent but deadly.

Microsoft stock will be trading at $201 a share. Take that, Apple losers.

Your potential. Our passion.

Apr 02, 07 - 09:57 am Comment from: why not?

AAPL has grown 600% in the last six years. Why is it so hard to think they could grow 100% this year. Do you guys not have the ability to look at AAPL's history?

Apr 02, 07 - 10:02 am Comment from: moogs

Poon Tang,

It actually is supposed to be "Our potental, Your passion" Microsoft is so belittling. Altho, "Our potential, Your frustration" seems to fit more often than not.

Apr 02, 07 - 10:13 am Comment from: M.A.D.

WiseGuy, you wrote one sentence, why not proofread it rather than rely on a some spell checker? wink

Apr 02, 07 - 10:22 am Comment from: Buster

@Poon Tanf...silent but deadly?

Good terminology to describe Microsoft and their product that stinks the most.

$200? I wish it would be true....

Apr 02, 07 - 11:39 am Comment from: Sum Jung Gai

critic, you are obviously confused between "investing" and "trading." Trading is speculation, and is what you're talking about in most of your post. When you say that investors do not play games with AAPL, you are right. Traders do. Investors don't mess with momentum, head-and-shoulders patterns, break-outs, and all that chart-based mumbo jumbo. They look at fundamentals, revenue growth forecasts, Porter's five forces, strategic and industry analysis, and so on. Speculators look for a fast buck, and most of them lose their shirts. The rest are lying.

Apr 02, 07 - 12:48 pm Comment from: Toby Belch

why not?,


exactly! ....

and moreover, not one of those last 6 years looked so good for Apple, initially, as this one.

Apr 02, 07 - 01:04 pm Comment from: critic

@sum Jung Gai

I am not confused at all. The objective of both is to make money.

Your comments are true to a certain extent. However, even an "investor" will look to take a profit when a stock seems to be at a top. Whether that means from a technical standpoint or simply from a gut feeling.

In general, I am an investor not a trader, and typically hold my positions for years, if for no other reason than capital gains tax efficiency.

My comments come from experience though. I can not tell you how much value I have let slip by not pulling the trigger on a sale when a stock had gained a lot of value. The old saying that bulls make money, bears make money, but pigs get slaughtered is true. You have to know how to be decisive. For most of the stocks I held past a peak, it took years to get back to that level, if ever.

My only really good call was on Dell, when I sold out my positions in 2005 at it's peak after an interview where Kevin Rollins referred to the iPod as a fad and a toy. I'm sure there is a MDN post on the interview if you go back. It became clear that Dell just didn't get the consumer market and would be in for trouble.

I "invested" in Dell for 7 years, but it was clear that something was changing. This happens to any company, and there is no point "investing" if you don't forsee a long term financial reward.

Apr 02, 07 - 01:55 pm Comment from: DLMeyer

Apple shares were under-appreciated a few years back - they hit $14/share. Then they went up a bunch. Then they split! While the value of Apple Inc may double by the end of the year, the price of the stock will not. They will manage their stock price - currently over-rated (my opinion) - to keep it below $100, if possible.

Their current market cap is $80B. H-P's is less than $110B. Are they saying that the maker of Macs, software, iPods and iPhones is worth more than a maker of PCs, software, workstations, servers, printers, INK, and more?

DLMeyer - the Voice of G.L.Horton's Stage Page

Apr 02, 07 - 02:15 pm Comment from: rainer

@critic:

I like that Kevin Rollins quote.
Especially in the light of today, where makers of cars would be unable to sell their high-end models without an "iPod interface".
Hell, it's even more important than particle filters (which is crazy, but then, what isn't?).
Back to the article: 200$? That would be, well, gross.
I think a lot of future revenue has already been priced into the stock.
On the other hand, the stock price has climbed from four or five $ ten years ago to now almost 100 $ - including two 2:1 splits.

This whole "AAPL will hit <insert arbitrary large number> before <insert some date in the not too distant future>"- comedy reminds me of the pump-and-dump stock-scams I have to delete from my Inbox every day...

Apr 02, 07 - 06:06 pm Comment from: Macboy2010

MMMMM

200 a share?

OK look, lets focus on breaking 100 because that is all this is about

we have to break 100 or split

after that this stock will keep going up ( but, if you don't know, it is gamed BIG TIME )

this means that if you can't stand a 10-15% drop --- stay out

if you can invest in AAPL for the next 3 years YOUR MONEY WILL DOUBLE AT LEAST ONCE

PERIOD

If microsuck keeps sucking???

well then 450 a share buy 2011

get with it america dump micosuck and become the future already!!!!

Apr 02, 07 - 09:03 pm Comment from: marcos

tell it to the hedge funds working daily to run it down

Dec 27, 07 - 11:42 pm Comment from: numlock

Dagnamit - He was right!

Dec 28, 07 - 12:34 am Comment from: ChrissyOne

Who's laughing now, kiddies?

Oct 31, 09 - 02:41 am Comment from: roxyrohit

Yes, I am totally agree with you.But there should be a marketing plan to make online successful business.
foreclosed home auctions--foreclosed home auctions

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