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Doug Kass: Serious Issues Facing Apple Profit Growth

December 11, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Doug Kass, founder and president of Seabreeze Partners, was on CNBC to discuss his views on Apple (AAPL) and what he thinks of the stock now after the recent declines.

-- He thinks there are serious headwinds to Apple profit growth going forward.

-- He bought the stock at recent low of around $510, rode it to $565 and shorted it again at that price.

-- He also thinks that Apple will be range bound until the year-end. He thinks the recent sell-off is a result of people taking huge profits to avoid increased capital gain taxes next year.

-- Apple is not investable, and fundamental concerns are valid.

Credit and source: CNBC, www.cnbc.com

Here is 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: 2.6/5 (5 votes)

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