If Jobs is giving up the CEO role you know things are looking very bad. Hoping for a miracle and this isn't the end for one of the smartest businessmen of our times.
How the hell is it time to buy apple stock when they just lost the one guy who made their entire company? As far as corporate MVPs go, not one single CEO is more important to their company than Steve Jobs. When its short term pop is over, so that all the hedge funds get to exit, I am shorting the hell out of this pig. Should be back to sub $5 within the decade.
Out of this pig? They are going to have a $100 in cash/share by the end of the year. There is nothing overvalued about AAPL.
It's probably likely he's dying, I don't know that 'can't continue my duties' can really mean much else than failing health. I doubt there's much else that would pull Jobs away from Apple. Hell of a run. Had the kind of impact on technology and it's role in people's lives that few can claim. Wonder what kind of plans are in place for the future.
<!-- http://twitter.com/#!/fivethirtyeight/status/106517894061494272 --> <style type='text/css'>.bbpBox106517894061494272 {background:url(http://a0.twimg.com/images/themes/theme1/bg.png) #C0DEED;padding:20px;} p.bbpTweet{background:#fff;padding:10px 12px 10px 12px;margin:0;min-height:48px;color:#000;font-size:18px !important;line-height:22px;-moz-border-radius:5px;-webkit-border-radius:5px} p.bbpTweet span.metadata{display:block;width:100%;clear:both;margin-top:8px;padding-top:12px;height:40px;border-top:1px solid #fff;border-top:1px solid #e6e6e6} p.bbpTweet span.metadata span.author{line-height:19px} p.bbpTweet span.metadata span.author img{float:left;margin:0 7px 0 0px;width:38px;height:38px} p.bbpTweet a:hover{text-decoration:underline}p.bbpTweet span.timestamp{font-size:12px;display:block}</style> <div class='bbpBox106517894061494272'><p class='bbpTweet'>AAPL has lost $18 billion in market capitalization since the Jobs news broke, about the same as the GDP of Paraguay.<span class='timestamp'><a title='Thu Aug 25 00:06:59 +0000 2011' href='http://twitter.com/#!/fivethirtyeight/status/106517894061494272'>less than a minute ago</a> via web <a href='http://twitter.com/intent/favorite?tweet_id=106517894061494272'><img src='http://si0.twimg.com/images/dev/cms/intents/icons/favorite.png' /> Favorite</a> <a href='http://twitter.com/intent/retweet?tweet_id=106517894061494272'><img src='http://si0.twimg.com/images/dev/cms/intents/icons/retweet.png' /> Retweet</a> <a href='http://twitter.com/intent/tweet?in_reply_to=106517894061494272'><img src='http://si0.twimg.com/images/dev/cms/intents/icons/reply.png' /> Reply</a></span><span class='metadata'><span class='author'><a href='http://twitter.com/fivethirtyeight'><img src='http://a2.twimg.com/profile_images/1110592135/fivethirtyeight73_twitter_normal.png' /></a><strong><a href='http://twitter.com/fivethirtyeight'>Nate Silver</a></strong><br/>fivethirtyeight</span></span></p></div> <!-- end of tweet -->
AAPL is the WORST kind of overvalued. They may not be overvalued based on their cash or their current earnings, but that matters little for their future stock price. The actual company is overvalued, the actual products are overvalued, the business model is overvalued. Especially without their innovator's genius ideas propping them up. It is useless to measure a company's value based on public knowledge, that is already baked into the cake. If you want to measure it's value, you have to look into the future and see where they are headed. Obvious easier said than done. And in this case, what I see, no amount of cash will save them.
