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Doug Kass: Fundamentals Driving Decline in Apple Stock

October 11, 2012 | About:
Dheeraj Grover

Dheeraj Grover

Doug Kass of Seabreeze Partners was on CNBC to discuss his views on Apple (AAPL) and the recent 10% correction. He thinks that weakening fundamentals of Apple's business are driving this stock down.

-- Fundamentals are playing a role in decline of Apple stock.

-- He has concerns that the first-mover advantage for Apple has diminished; competitors are catching up.

-- Apple is selling similar product for higher price.

-- There is no Steve Jobs for continuous innovation at the company.

-- Ecosystem advantage has diminished as well. There is a disconnect in the markets with the earnings expected. Earnings are weak and still the market keeps on going up, so the market high point also has role to play here.

-- There is some profit taking.

Credit and source: www.cnbc, CNBC

Here is the video: Kass comes in at around one minute into the video.

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.0/5 (13 votes)


Yhlbb - 2 years ago
Hers is another view:

(P.S. Buy/sell stocks based on your analysis of a company's business or buy what Bufett bought. Don't buy/sell stocks based on reading articles on the net.)

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