[Macworld]

Post your comments for The Macalope Daily: Limbo, limbo! here

[cincyflygrrl]

The important thing is that Zabitsky wrote something controversial. Controversial doesn't have to be true. His publisher hopes it will go viral. Sad.

[Crow]

The important thing is that the Macalope dropped an allusion to the Undertones in this piece. Thanks again for those little tid-bits!

[Jimbotomy5cxd]

Any "analyst" that regularly makes his or her opinions public is not worth listening to. The smart analysts give their opinions to people who pay for them, and who are held accountable by those people for those opinions. They aren't headline seeking narcissists, but are in it to make money.

That's not to say that such analysts do not occasionally provide some comment. But normally they play their cards a lot closer to the vest. If an analyst truly believed APPL would fall to $270 a share he could become a billionaire with relatively minimal investment by backing that opinion if and when such an event became true.

With Apple holding $120 per share in cash and growing, $270 a share seems like a stretch.

[Amoonrah]

When a company like Apple makes billions in profits, year, after year, after year and seems to be incapable of reaching a P/E of 15, and yet a company like Amazon that for years and years makes almost zero dollars in profit each year and is rewarded with a P/E of 3000+, that should tell you about the rationality of Apple's current stock price.

Since even $500 is too cheap for a company like Apple, it means we're dealing with something irrational to begin with.

$270 per share for Apple is only slightly more irrational than $500 per share. In that kind of light, that analyst doesn't sound TOO irrational, just slightly so.

[dannyo152]

Perhaps it's a partial prediction with the follow-up being "At which point I load up on Apple stock, because that is insanely undervalued, and I get really rich, buy a South Seas island, and quit the analyst game." Much like Superfly's big score except in all the obvious ways, by which I mean every.

Being charitable, I'd give the guy points if the last year's prediction was $270 per share in 24 months.

[isaacbailey]

Apple's current system of producing the best products with healthy profit margins at a slightly premium price is not likely to fail soon. Certainly the idea that Microsoft, or Samsung will usurp their market position in the next three or four years is laughable. They aren't even trying, which means it's Apple's game to lose.

If investors have gotten emotional about APPL and the price has exceeded the real value of the stock, a correction is only good for buyers. The idea that $270 is where the stock will finally land is silly. If only APPL would go to $270. I would put every penny I could scrape together in it and double my money in a year.

[Rycho]

Clearly everybody missed the obvious omission to the $270 share price prediction - that should a 2-for-1 share split occur, the price will drop to $270 per share. It's only obvious now that I've said it, right? I should have patented that first. >