Posted on 07/29/2010 8:02:28 PM PDT by Swordmaker
"Better watch your back Exxon Mobil," Paul R. La Monica reports for CNNMoney. "No, I'm not talking about tough competition for the oil giant from rivals like Chevron, Royal Dutch Shell and ConocoPhilips."
"Exxon Mobil, which is currently the most valuable company in the U.S. with a market capitalization of $286 billion, has to listen for the footsteps of Apple," La Monica reports. "Of course, Apple doesn't compete with Exxon Mobil -- although given time I'm sure that someone will find a way to create an app that turns your iPhone into an oil rig."
"But Apple now is the second most valuable company in the land. It has passed Microsoft and Wal-Mart this year and now trails Exxon Mobil's market value by only about $50 billion," La Monica reports. "That may sound like a whopping gap but it really isn't -- especially given how well Apple has done compared to Exxon Mobil lately.
Consider this: At the start of the year, Apple's market value was nearly $125 billion lower than Exxon Mobil's."
"Apple shares currently trade at about $260. Many analysts think that a price of $300, a 15% jump from here, is reasonable given that Apple's got strong sales and earnings momentum on its side," La Monica reports. "If that happened, all it would take is for Exxon Mobil's stock to fall about 5% from current levels for Apple to leap ahead of it in market value."
La Monica reports, "That also seems like a rational proposition since it's tough to imagine oil prices heading substantially higher in the near future as the economic recovery appears to be stalling."
Full article here.
I still see no explanation of where you found your non-existent Apple debt, stock warrants, and "Jobsian junk" you claim was in your CDO that has made you over $50 million. I simply do not believe you. WHY? Apple does NOT HAVE ANY DEBT, stock warrants, or other such financial instruments for for you to "short," other than Apple stock.
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