“I’m often asked at what point should someone short high-flying Apple (AAPL) shares? My response is simple: When the company starts closing stores and pulling back from retail, then the tide has turned,” John C. Dvorak writes for MarketWatch.
“The first Apple store opened in 2001, and 10 years later it has 368, with more to come,” Dvorak writes. “They have proven to be a bonanza.”
“So how much more can Apple grow the retail business?” Dvorak asks. “I see no reason why Apple cannot have 1,000 stores that would all be successful… So right now, the sky is the limit. I wouldn’t be betting against Apple anytime soon.”
Full article — with some bloated gasbaggery about Apple buying Staples, too — here.