Gundlach: Apple ‘a broken company’

“Apple stock could be headed to a level of $425 per share this quarter, DoubleLine CEO Jeff Gundlach said after the company reported disappointing earnings Wednesday,” Bruno J. Navarro reports for CNBC. “‘I think this is really a broken company that is over-owned,’ he said on ‘Fast Money.'”

“For the fiscal first quarter, it posted net income of $13.07 billion, or $13.81 a diluted share, compared to $13.06 billion, or $13.87 a share, a year earlier,” Navarro reports. “Gundlach also said that Apple stock remained ‘very, very much in the public’s psyche,’ which would keep share prices artificially high.”

Read more in the full article here.

MacDailyNews Take: Apple yesterday reported the fourth quarter of the most profitable year of any publicly-traded company. Ever.

[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]

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Jim Cramer: ‘Without Steve Jobs, Apple is just another stock, it’s not magical anymore’ – January 23, 2013
After posting new all-time record revenue, Apple shares collapse in after-hours trading – January 23, 2013
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Apple reports record results: $54.5 billion revenue, $13.1 billion profit, $13.81 EPS – January 23, 2013

44 Comments

    1. IF Apple BREAKS – they all fall.
      The tech sector is in trouble.

      Apple has been the underdog before and will rise again on new innovations, no matter what. Are other companies ready? Hell no.

  1. Yea, world record profits are a real smoking gun, aren’t they? Does anybody think this share drop has anything to do with the rumors that Tim Cook is gay and conservative fund managers don’t like that so they manipulate the market? This whole thing stinks to high heaven. I hope the SEC is looking into the trades.

    1. I’ve been following and accurately valuing Apple’s stock with dozens of colleagues for years. At no point has any single one of my colleagues or ANYONE we interact with externally mentioned his sexuality. Your brand of ignorance is easily the most nefarious form of mob-mentality. Learn to follow the trends, understand that very few analysts have realistic/accurate projections, and enjoy the buying opportunities when they arrive. Most of us know there is nothing wrong with AAPL or TIm Cook.

    2. This may be one of the most silly things I have ever seen posted at MDN (and that’s saying something). Money Managers are about MAKING MONEY, and if you have a 401k or a pension, or any mutual funds, you should be happy that that is their motivation.

  2. If Apple with another incredible quarter isn’t worthy then GD’it who is? Only in America can tremendous success be interpreted so dire. Unbelievable. I’m getting no shortage of grief from my wife for having not cashed in last September and when will we see $700 again? (And beyond.)

    1. That’s so funny, because my wife berates me every day about exactly the same thing (“Why didn’t you sell at $700??!!”). Geej! Because I’m long on AAPL, that’s why. It WILL go back up. They just can’t keep it down forever (at least I hope they can’t). Why AAPL is treated so horrendously differently than every other stock remains a mystery to me…

      All I can say is, “keep the faith, brother”. It has GOT to get better eventually (one day everyone will wake up and actually understand AAPL’s fundamentals are so amazing)…

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