In general, one can expect most of the upgrades to be announced within the first two days following earnings report date, if the upgrade is forthcoming. Investors are speculating that some analysts wait until after their meeting with Apple in New York tomorrow to announce any upgrades. These include Andrew Neff from Bear Stearns, Lou Mazzucchelli from Gerard Klauer Mattison, Richard Gardner from Salomon Smith Barney, Jimmy Johnson from AGEdwards and Daniel Kunstler of J.P. Morgan Securities. A friend sent us these words of wisdom. The chart below shows the dramatic improvements in Apple's financial health.
Inventory is now significantly lower than a year ago.
Cash position continues to grow at an incredible rate. Margin is climbing above every major PC box maker. Profit continues to beat street expectation. Share holder equity has risen sharply. Apple currently has by far the highest book value relative to its share price in the industry.