“In 2010, when Apple stock was trading at $199, Edward Zabitsky, CEO of ACI Research in Toronto, was the only analyst on Wall Street to rate the stock a ‘sell,'” Quentin Fottrell reports for MarketWatch.
MacDailyNews Take: Idiot.
“Over the next two years, shares went on a tear, peaking at just over $705 and making Apple the world’s largest company as measured by stock-market value,” Fottrell reports. “Today, shares have fallen by more than a third from that high — to $461 — and Exxon Mobil Corp. has overtaken Apple in the rankings. Through it all, Zabitsky has stuck to his bearish call.”
MacDailyNews Take: Price targets from real analysts usually have end dates: 12-months, usually. So, Zabitski was wrong in 2010, he was wrong in 2011, and he remains wrong today.
Now, hear this: We predict the sun will flame out. We’ll repeat this every six months, too. With bated breath, we await Quentin’s call for an interview discussing our amazing predictive abilities.
Fottrell reports, “We spoke to Zabitsky about his wins, mistakes and what he thinks Apple should do next.”
MacDailyNews Take: What wins? All zero of them? His mistakes? Must’ve been a looonnng interview. What Apple should do next as per Crazy Eddie? Great, Apple will know exactly what not to do (as if they don’t already).
Apparently infected with a potent strain of idiocy due to proximity to Eddie the Glifnard King, Fottrell decides to squat down and squeeze out the following statement: “With the Galaxy, Samsung now has the world’s best-selling smartphone.”
MacDailyNews Take: You lie:
Full morass of mendacity submerged beneath a swamp of stupidity – Think Before You Click™ – here.
MacDailyNews Take: Zabitsky is the type of fool who’d look at the earth and, until his dying day, proclaim it flat because, you know, it looks just like his head, plus his dog completely agrees with him, so there.
You’ve got to be an Enderlean brand of moron to predict something that did not happen, then parade around pretending you were right.
[Thanks to MacDailyNews Reader “SMac85” for the heads up.]
Analyst sees Apple’s stock price falling to $270 – December 18, 2012
Analyst reiterates: Price competition makes Apple stock a ‘sell’ with $270 price target – April 20, 2012
Canadian analyst maintains ‘sell’ recommendation on Apple with $270 price target – April 9, 2012
Analyst maintains ‘sell short’ rating and $270 price target on Apple Inc. – January 25, 2012
Analyst slaps $126 price target on Apple – May 7, 2010