the edge hedge funds are already doing that trade... the new $1000 PT for goog are the signal of that.
Funny how Zaky's note to Kass was almost perfectly wrong ith aapl down 30% since and goog up 30%. Zaky must be out for the count.
Bizarre that both companies are going to make call it $45/share this year and say $50/share next year, and AAPL has call it $150/share of cash as of today or almost 3x the goog hoard. Yet, despite forecast rev/earnings growth of roughly same rate, goog trades at double the P/E ratio and is now trading at a relative multiple above the S&P 500?
Our view is that goog is fine relative to market and not a short, but AAPL is F horeendously cheap... and the BOD and Cook and Oppenheimer need to go HAM on the capital plan and also start talking about what is coming/carriers. GET IT DONE ALREADY.