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Jim:
Okay, yesterday on
the News Hour with
Jim Leher, this new
guy who's running
it, Ed Liddy (new
CEO of
AIG
(AIG)...
he said he's not
sure whether the
government...
whether they may
need even more...
that it may not be
enough, the $122
billion that the
U.S. has loaned him,
okay... And this guy
can criticize me all
he wants, send
letters, whatever he
wants... I didn't do
anything wrong. They
did things wrong.
Now here's my advice
to Mr. Liddy, who
worked at
Allstate (ALL),
which is a very
responsible firm...
Don't talk, okay.
Don't talk... You
don't know the
exposure of AIG.
That was the whole
point of why I put
AIG in the Sell
Block to begin with.
You don't know. You
just don't know, so
don't say it,
okay... Do more
homework. Do the
homework that I did
about your company.
That's what gives me
the right to say
what I do. I've done
more homework on the
company than you
have, and there's
sure a lot of stuff
you don't
understand. So don't
say that you do
understand it. Don't
make any promises,
alright?... Enough!
Alright, let's do
some 'Mad Mail'...
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Continued below...
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Wednesday,
October 22, 2008
(Cont'd from
above)...
Viewers write to
Jim, asking
about stocks or
simply about the
market in
general...
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
 |
AAPL |
98.23 |
Mad Mail question:
Apple (AAPL)
Q: AAPL just
reported $2.44 billion in earnings, when
you account for the weird iPhone
accounting, in what is historically
their weakest quarter. That projects to
over $10 billion in income per year.
Their market cap is $85 billion with $25
billion in cash. AAPL's forward earnings
are only worth $60 billion? When you
take away that weird subscription
accounting of
iPhone
and account for the huge stockpile of
cash, AAPL is only trading at 6x
earnings. That is madness.
Jim: I totally
agree. That's why AAPL is the remaining
stock... AAPL and GOOG are the two
companies that are doing the best right
now, of any two companies in America. If
they can't go up, nothing can. AAPL is
an unbelievable company, and I've been
telling people to own it. Now, I was
right when I said, sell it when it got
to $180. I said buy it back, and then I
cost you money, because it bottomed
lowered than I thought. But I am
sticking by AAPL. You were right. It's
the best-run company in America today,
other than GOOG.
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GOOG |
352.32 |
Mad Mail question:
Google, Inc. (GOOG)
See AAPL comments above for:
GOOG
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Read Jim's next Segment
here
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