Yoni Jacobs, Executive Director and Chief Investment Strategist for Chart Prophet LLC, wrote an article today showing investors what they could buy if they sold their shares of Apple. He cited that Apple is an overvalued company with overhead risk, growing competition, and high expectations.
On January 25th, Jacobs wrote a similar article titled “Get Ready To Be Disappointed With Apple” in which he referred to the same points he wrote about today. Since writing this article, Apple’s stock has gained nearly $100 per share or $45 billion in market cap.
As one SeekingAlpha commenter wrote, “some people just do not get it.”
Steve Jobs made the company successful and launched Apple’s flagship products, will Tim Cook be the one to maintain that success?
Jessica Vascellaro, WSJ:
In recent weeks, Mr. Cook has tended to administrative matters that never interested Mr. Jobs, such as promotions and corporate reporting structures, according to people familiar with the matter. The new chief executive, 50 years old, has also been more communicative with employees than his predecessor…
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