Hey, where have all the Apple naysayers gone?

“One thing I have noticed over the past three months and especially since the successful launch of the new 5S & 5C versions of the iPhone in Mid-September is that the skeptics of Apple (AAPL) seemed to have disappeared into the woodwork,” Bret Jensen writes for Seeking Alpha. “Of course, a stock chart like the one below tends to silence pessimists.”

“I don’t know about most Apple investors, but I kind of miss all the “Has Apple lost its Mojo?”, “Why Apple misses Steve Jobs” and “Is Tim Cook the right man to lead Apple?” stories that were a hallmark of the financial press as the shares fell from a high of $705 a share in September of last year to under $400 a share in late June,” Jensen writes. “The contrarian in me always feels better when a major investment of mine is treated to at least some skepticism. Other than the recent rapid rise in the stock price, the pessimism around the stock has receded for three major reasons.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]

39 Comments

  1. Apple’s naysayers have yet to be proven wrong. Google’s share price has gone up a huge amount on earnings. Amazon’s share price has gone up a huge amount on earnings. Both of those companies’ share prices have been going up nonstop for a whole year while Apple collapsed in a heap.
    I’m neither lying or trolling: http://www.google.com/finance?q=NASDAQ%3AAAPL%2CNASDAQ%3AGOOG%2CNASDAQ%3AAMZN&ei=TetqUsCiM8eB0QHRowE
    Click the 1Year field and you’ll see that both of those companies have left Apple in the dust.

    Apple is down today as the sell-off before earnings begins. Let’s see what the stock does on earnings. It doesn’t matter. Apple’s share price absolutely will not explode like Google’s or Amazon’s did. All Apple wants to do is hoard cash and it’s becoming a drag on the company’s value like a big anchor.

    Both Google and Amazon have expanded from their root businesses. Apple is just burying itself in a mountain of low-growth hardware. How come Apple doesn’t realize that their hardware growth has been stopped dead in its tracks by low-cost Android products (at least that’s how it’s been for a whole year)?

    Apple has all that unused overseas cash just sitting in a bank drawing next to no interest. What kind of economic catastrophe could Apple be waiting for? Amazon is using up every bit of profit it makes to expand into multiple businesses. Google is running side businesses of hardware and services. Apple has more cash than both Google and Amazon combined and won’t expand to any side businesses. It’s just frustrating to watch a company lose shareholder value when there’s no reason for it.

    I don’t want more buybacks. I want to see some non-hardware company acquisitions and greater dividends. I’d like to see Apple expand into other businesses to increase and balance out its revenue flow. Am I really asking for too much from Apple? Isn’t it natural for a company to try to expand its business if it has the resources to do so?

    1. Apple’s raking in $40B a year in profits. Amazon? Google? Not so much. Their cash in NOT sitting in a bank at 1% interest. It’s invested. Like the man said, you don’t get out much, do you.

    2. You continue to miss the essential point. Apple isn’t expanding into new businesses. It’s laying the groundwork to transform entire industries. It takes time, patience, and guts to stick with a strategic plan, and Jobsian plans to transform industries have seen enough success thus far to make your AAPL shares worth more than the Confederate money people are staring at in their shoeboxes of RIMM, BBRY, DELL or PALM, and soon MFST. Wall Street isn’t intelligent, and doesn’t understand these points. Don’t look up to them, and don’t let your heart guide your investment decisions.

  2. I’ve got several of them in the company I work for, and unfortunately they do their nothing-Windows-thing year and year out … And, of course, “they don’t Macs”.

    No I’m sorry to report they’re still out there, alive and well. I’m sure several of the most influential ones are still at the WSJ.

    I’m thrilled iOS has rocketed to the moon, but the desktop and desktop in enterprise are still the final frontiers for Apple.

    I want to believe.

  3. In “The Structure of Scientific Revolutions”, Thomas S Kuhn pointed out that new paradigms can only fully take hold after proponents of the previous paradigm eventually die off. This may well be the story with Apple v MS in the enterprise. But the best paradigm will ultimately win in the end. It just seems to take a painfully long long time to happen.

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