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August 2007 Archives

Thucydides

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We are lovers of beauty without extravagance and lovers of wisdom without unmanliness.Wealth to us is not mere material for vain glory,but an opportunity for achivement and poverty we think it no disgrace to acknowledge but a real degradation to make no effort to overcome- Thucydides

why apple?

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short and sweet, good product's + good sales= good profit's. Sold half million iphones in the first weekend. Sales will not be automaticaly be reflected in revenue, it will recognize revenue from handset sales on a straight-line basis over 24 months. Mac sales increased 36% year to year 3x growth rate for the industry as a whole.Foward looking,portables growth ^79%.macpro,upgraded software from adobe and software to run on window's will help sales.Price target 185 1 minus point no dividend.If apple paid a healthy dividend that would be a ++

why garmin?

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1.revenue growth year over year is positive.2.acquisition of nautamatic marine systems should help the marine side.expansion will increase capacity from 8 million to 12 million.A+ balance sheet,little debt load leaves room for further m&a .investment price target 105