Is Apple (AAPL) the Short of a Lifetime? This Rainmaker Thinks So...
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Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 2.7%
EPS Growth %: -18.0%
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Apple (Nasdaq: AAPL) shareholders are NOT going to like this, but....
According to a tweet from CNBC's Jane Wells, bond king Jeffrey Gundlach of DoubleLine Capital said at last night's CFA Forecast Dinner in San Diego, "one of my favorite generational shorts is Apple... the rainmaker is gone, and I don't see people lining up all night for iPad 482."
Ms. Wells called it the "quote of the night" at the event, which she moderated.
Good thing Gundlach is the king of bonds, not stocks.
Despite the comments, shares of Apple are motoring higher and nearing another new all-time high - last at $545.41.
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According to a tweet from CNBC's Jane Wells, bond king Jeffrey Gundlach of DoubleLine Capital said at last night's CFA Forecast Dinner in San Diego, "one of my favorite generational shorts is Apple... the rainmaker is gone, and I don't see people lining up all night for iPad 482."
Ms. Wells called it the "quote of the night" at the event, which she moderated.
Good thing Gundlach is the king of bonds, not stocks.
Despite the comments, shares of Apple are motoring higher and nearing another new all-time high - last at $545.41.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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Apple: The Short of the Century.
Beltway Greg on Mar 10, 2012 11:27 AMMark as Spam | Reply to this comment
Ah yes, another day and another fool. Could he be correct? Yes, and monkeys could fly out of my butt. Now that the New IPad has sold out my guess is that he would like to revise his statement or maybe he would like to join Fraud Money's Joe Terranova and Cramer who famously said that you could no longer buy Apple, after the passing of Steve Jobs, on a pullback. Of course that begs the question, "When the hell do you buy it? I would love for these stooges to back up their comments with some real analysis which of course they'll never do. You might be a redneck if your truck is larger than your house and you might be a bad analyst if the only thing you can do for promotion is to issue a sell Apple statement. I'll go as far to issue Mr. Gundlach a $10K bet that Apple finishes 2012 above $600.