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Apple Inc. [stckqut]AAPL[/stckqut] said it has sold more than 13 million iPhone 6s and iPhone 6s Plus models since their launch, up 30% from last year’s total and a record for the company.

Apple didn’t break down the sales by model or by region. Analysts, many of whom had projected sales between 12 million and 13 million, had noted that the phone’s availability in China from the launch would likely boost sales over the first weekend.

The updated phone includes enhanced battery life, a 12-megapixel camera and a 3-D Touch screen as well as a new rose-gold model. Also helping early sales, analysts said, was a longer lead-time for orders.

Mizuho Securities USA analyst Abhey Lamba said the jump from last year’s initial total of 10 million was “clearly impressive” but reflected the greater initial distribution. “Apple made its new phone available in 12 regions this time, including fast-growing China, versus 10 a year ago,” the analyst said.

Apple said Monday that the latest versions of the iPhone would be available in more than 40 additional countries beginning Oct. 9 and more than 130 countries by year’s end.

Source: Apple Sells 13 Million New iPhones at Launch – WSJ

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Company name Gray Television, Inc.
Stock ticker GTN
Live stock price [stckqut]GTN[/stckqut]
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Poor
Sales growth Good
EPS growth Good
P/E growth Good
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $19.07
Target stock price (averages with growth) $16.32
Target stock price (averages with no growth) $8.05
Target stock price (manual assumptions) $14.16

The following company description is from Google Finance: http://www.google.com/finance?q=gtn

Gray Television Inc. (Gray) is a broadcast company, which owns and/or operates television stations and digital assets in markets throughout the United States. Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). Gray’s owned and/or operated stations include 26 channels affiliated with the CBS Network, 24 channels affiliated with the NBC Network, 16 channels affiliated with the ABC Network and 10 channels affiliated with the FOX Network. Gray reaches approximately 8.1% of total United States television households.

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Gray Television, Inc.

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.

How was this analysis of Gray Television, Inc. calculated?

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
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In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:

  • Stock price at the time of the calculation: $12.3
  • Growth: 0.13
  • Current EPS (TTM): $1.04
  • P/E: 11.9
  • Future EPS Calc: $1.91
  • Future Stock Price Calc: $22.8
  • Target stock price: $14.15

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I hope that this makes you a Confident Investor.