“With the stock up more than 91% for the year, Apple Inc.’s (AAPL) seemingly endless meteoric rise has stunned investors,” The Takeover Analyst writes for SeekingAlpha. “Nevertheless, analysts currently rate the company a ‘strong buy’ and have high expectations for EPS growth: 81.8% to $27.55 in 2011 and then 17.9% and 13.9% growth for the next two years.”
The Takeover Analyst wonders, “Given investors’ bullishness for a company exposed to tremendous risk and intense competition, a weighty question naturally follows: namely, will the Apple craze ever end?”
“The market has currently been holding down the stock below its potential due to there being a new CEO that doesn’t bear the name ‘Jobs.’ Investors view the former CEO-turned-Chairman as synonymous to the company’s brand, extolling his technology genius,” The Takeover Analyst writes. “While Steve Jobs is arguably one of the greatest business managers of modern times, in my opinion the show will go on without him.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
Is there any “analyst” information written anywhere about any company that isn’t one be load of hooey?
Anal-ysts are named appropriately since most of what they have to say comes straight out of their ass.
AAPL stock up 91% this year ???
in which collapsing currency ???
idiots.
that first sentence alone should get this guy fired, or ignored.
Journalism in the new age: Leed with a lie…..
WTF apple was around $290 this time last year? I wish it was up 91%
AAPL closed Mon, Sep 27, 2010 at $291.164.
Listen to the wise ass-man and he will guide you to unimaginable riches.
What I do not fathom, is just how EPS growth is over 80% in 11 and then just 18% in 2012.
That means they predict Apple EPS growth rate will actually fall by 78% between this year and next.
I do not see how that will be possible………