Wednesday, 3 November 2010

Quote of the Year - AAPL (Apple)

This has got to be the quote of the year.

RBC Capital analyst Mike Abramsky says he is cutting Apple (AAPL) to underperform from sector perform and his $125 price target to $70 on reduced growth expectations, visibility and near-term leadership uncertainty. He sees a revaluation in the stock toward a market multiple. (15th Jan 2009 - Bloomberg Business Week).

If anyone know where this analyst is now working or whether he has any further tips, let me know. Just do the opposite and you will be sure to make money.

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About Me

I try and work a broadly market neutral strategy and based purely on fundamentals and my gut feel.