THIS IS HONOR DOUG KASS WEEK AND CELEBRATING HIS SPOT ON CALL ON APPLE. UNDER $ 40 THIS YEAR IN EPS
Doug or mr. Kass as he likes to be called, is almost always right on the money. he called the bottom many times. He call this drop in apple. he is right. Maybe too optimistic. he called apples 2013 earnings as under 40. so lets say 38. that leaves $ 11 this qtr and an average of $ 9 per qtr. it is not great but not that big a drop from 44. so we drop 50-100 dollars but a drop to 363 is a stretch.
during doug kass week we will look at his career in depth and honor wall streets greatest legend.
Kass also said in January of 2012 for 2012 that GOOG, AMZN would disappoint, that the US economy would ramp up in the 2nd half of the year and GDP would be over 3%, that BAC would need 20-25B in capitol and Moynihan would resign and that 1/3 of the ETFs would close. Like everyone, he is never right all the time.