This is total manipulation. These guys are going out to Dinner with hedge funds that had heavy option positions, and these sleezes get paid to make these insane statements. Look at the PE ratios of many many companies that don't have anywhere near the Klout and userbase, and growth that Apple has. Total manipulation. Analysts can argue anything they get paid to argue. Its a joke. Lets have Bernie Madoff weigh in with his analysis. We all trusted him right?
Dude, it doesn't matter what he thinks, what matters is how the market actually does. Even if he is 100% wrong but the market believes him and the big money keep selling off, you will still lose a lot of money going against the market.
He's a tool. His model is a joke. DCF using half their 2013 growth as the terminal discount rate yields value above $600/share.
At toolboy's $240, 63% of current market value would be in cash (before any buyback effects) and the dividend yield would be above 5%.
His "analysis" is ridiculous top to bottom though. PCLN would be worth about $200, GOOG about $250 and so on... hard to believe any legit journalists would give him any forum to hype his company and ad reves for himself, But then none did.