Next Inning Editor Paul McWilliams has been covering Apple (AAPL) for decades, and this year he has been quick to alert investors when he saw shares of the tech juggernaut getting too rich.
McWilliams first suggested considering Apple as a good speculative investment in June 2003 at the split adjusted price of $9.85. As Apple moved above the $600 level for the first time, McWilliams advised Next Inning readers to consider diversifying away from Apple and locking in the 6,000% profit. In his latest report, McWilliams advises investors as to whether they should consider buying Apple again following the stock's steep slide and whether he would still advise selling Apple on another run above $600.
In NextInning.com's new report on Apple, available free to trial subscribers, goes into detail on company's recent challenges and the company's prospects for 2013. The report also includes an in depth discussion of key Apple suppliers, including Cirrus Logic (CRUS), where he answers why shares have been punished so severely and what key factors to the Cirrus Logic story that Wall Street has been missing. He also discusses Triquint Semiconductor (TQNT), Skyworks Solutions (SWKS), RF Micro Devices (RFMD), Anadigics (ANAD) and more, offering detailed comments on each.
Here is just a tiny sample of what Editor Paul McWilliams wrote in his new report:
"Given that Apple is now down over 20% from its 52-week high, and virtually all of Apple's strategic semiconductor suppliers have seen their stock price come under pressure, these are clearly related issues. There is absolutely no doubt the shine is off Apple and, with that, Wall Street has penalized its strategic suppliers with a discounted valuation multiple versus the premium valuation multiples we saw not so very long ago. As I see it, there are a number of reasons behind the sharp drop in the price of Apple we've seen since the September peak..."
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