“So here we go again. Just when reality finally began to emerge from its shell on Wall Street, and Apple Inc. creeped above $100 a share, the company gets punk’d by Morgan Stanley,” Jim Goldman writes for CNBC.
“While so many other firm’s have been lowering price targets on Apple for weeks, Morgan Stanley analyst Katie Huberty holds the distinction of being the first to take an Apple target below $100,” Goldman writes. “Her $95 target is the first double-digit one on the Street, and it comes at a time when Apple investors finally began to settle into a nice, stable, though small momentum to the upside.”
“Timing is everything. What I can’t understand is why this analyst still carries the influence she does. I don’t know Katie Huberty but I do follow her work. Closely. So do many of you. Andy Zaky has written extensively about Huberty’s track record, missing revenue estimates by almost $1 billion and EPS by 6 cents. Those numbers could almost be forgiven because of the meaningless guidance Apple normally provides. Her estimates on individual business units, however, have been way, way off. She was 700,000 units below iPhone’s performance, 2 million units light on her iPod estimate and 200,000 units under Apple’s Mac number,” Goldman writes.
“This has been detailed extensively. We all know these numbers and her track record. And yet as soon as she publishes, as is the case today, Apple shares nosedive. Nevermind the news, the trends, the fundamentals, research elsewhere,” Goldman writes.
Full article here.
[Thanks to MacDailyNews Reader “JES42” for the heads up.]
dipstick. Who listens to analysts anyway?
Didn’t Morgan Stanley go bankrupt?
…apparently, other dipsticks do.
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I know a lot of good people from Morgan who lost their jobs the past few months. Why oh why wasn’t this moron on the “fire” list.
Huberty’s incompetence is a boon to opportunistic buyers everywhere. Long live Huberty and the incompetence of Morgan Stanley for giving her a job. Can you imagine that there are people who pay Morgan Stanley for this ‘advice’ ?!
She should see an analyst herself!
“Mac brand satisfaction and market share momentum remain intact but PC purchasing plans over the next year are half of 2005 levels.”
And since 2005 Mac sales are up around 300%. What’s been the trend for the rest of the industry over that 3 years?
“MSCO lowers Mac unit growth to flat and assign a 13x P/E to this segment (50% premium to P/Dell).”
On the basis of what? How are they at all connected except that Macs are taking the market away from HP/Dell due to the Windows disaster. My 12 year old could design better predictive algorithms than Huberty. Total incompetence!
Huberty is a passive/aggressive type who now seeks revenge for all the bad press she has received.
Revenge for these types is not focused, its just ‘get even with everyone who dared to piss me off’.
Passive/aggression is more often found in women.
She is running on the ID10t processor, with very little ram or HD, so what can you expect?
She’s boxed herself in nicely. If Apple’s Dec.-quarter report in late January is 20% better than she thinks it will be and AAPL goes to 125 or more, I doubt that MS will let her continue to cover the company.
in a word … what a …. DOUCHBAG!!!!!!!!!!
MW= Best… as in she is the BEST analyst ever… NOT!
@Derek in Milan:
Sir, you are too kind…LOL.
I think she has sealed her fate… “You’re fired!” – coming in early 2009.
She is either shorting the stock or is one of those blind Apple-hating Winblows masochists.
How come these f$%K3%S can guess where the stock price is going?
Do they have a better crystal ball?
But what’s worse: How come there’s people actually BELIEVING them?
It’s funny, but in today’s world, comedians are more in touch with reality than politicians and analysts.
…… right?
I wonder if MS has sold a good deal of the Dec 95 calls and doesn’t want to be caught short.
Im shorting Morgan Stanley because they have idiots for analyst.
She has been consistent thought……..consistently WRONG. All I know is everyone I know has an iphone or is getting one. The apple stores are packed. They are sell a ton of iphone gift cards.
Sounds like a stock I want to sell. lkmd
Ok sorry…its all my fault. I am coming into some money next week and I was concerned about Apple increasing so I asked her to say something really stupid to bring it back down so I can buy it cheap.
Sorry people….my bad,
Good one! Circle gets the square!
My prediction for Katie Huberty: Next year, you’ll typically hear her saying at her (next) job, “madam, do you want extra foam on your latte, and you also want a tall decaf carmel macchiato? Thank you! Please proceed to the waiting area to pick up your order.”
She just gets paid to publish this nonsense when some wealthy Morgan Stanley client wants to go long on Apple and desires the lowest possible purchase price. Good job. Now some other Morgan Stanley analyst will publish some positive reports ahead of MacWorld 2009 and the quarterly report meeting, and AAPL with go up to about $120 (or higher). No doubt, Ms. Huberty will be back in a few months to start the cycle again…
Au lieu de tirer sur Apple, Katie Huberty ferait mieux d’essayer de comprendre comment Morgan Stanley est tombé aussi bas.
http://www.trends.be/fr/economie/banque-et-finance/12-1636-46231/comment-morgan-stanley-et-goldman-sachs-ont-tue-wall-street.html
Et quand Katie Huberty aura saisi, elle commencera à réfléchir pour essayer de comprendre pourquoi Apple est resté si haut.
jean Escaffre,
absolument!
And the song continues…
Eric Willard is a moron.
Billy Gates is a moron.
Steve Ballmer is a fat, smelly moron.
Katie Huberty is a loose moron.
Thank you, Katie, by the way. Bring AAPL down a bit more so I may buy some more. I made $700 in the last 2 weeks on AAPL. While that’s not huge, it was “free” money. I wish to duplicate that success many times over.
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Remember, it doesn’t come out as “Katie Huberty” downgraded AAPL. It is reported that Morgan Stanley downgraded AAPL. The people who don’t follow who the analysts are and how they make their reports or who don’t do their own, independent investigation about how a company is performing swallow it hook, line and sinker.
I think she is on M$’s payroll, or maybe Dell’s?
It is not her. She’s being paid to do that.