“Shares of Apple (AAPL) may be a decent long-term investment for those willing to ride out recent problems but investors need to look through their loyalty to the company and rationally analyze near-term risks,” Efficient Alpha’s Joseph Hogue writes for Seeking Alpha.
“The upside potential over the next few months does not compensate for some serious downside risks to a disappointing product launch,” Hogue writes. “Investors may want to avoid the shares until better guidance is available for future revenue and growth.”
Hogue writes, “At its 2012 highs, calls were for the company to be the first to reach a market cap of $1 trillion. Still one of the biggest in the world, the company trades for just $443 billion now.”
MacDailyNews Take: Currently, Apple is the world’s most valuable publicly-traded compnay in the world at “just” $447.63 billion. For reference, Exxon Mobil is #2 at $390.27 billion or, in other words, behind by a Hewlett-Packard plus $13.5 billion.
Hogue writes, “The most likely release this year will be a revamp of the iPhone5 [sic] leaves me worried that the ultimate launch will be a blah-moment. The market is used to being wowed by Apple launches and new features. Simply rehashing the same design and hardware to get a new product on the shelves risks leaving the market cold and represents a downside to the shares.”
MacDailyNews Take: Yes, just like Apple’s iPhone 4S. (dripping sarcasm)
Read more in the full article here.
MacDailyNews Take: iCal’ed. People should get their facts straight and fully understand what they’re talking about before proffering investment advice.
[Thanks to MacDailyNews Reader “Edward W.” for the heads up.]