) is a broken company says Jeff Gundlach, CEO of DoubleLine. He thinks that stocks will decline further and stabilize around what he thinks is the fair valuation of Apple, which is around $425 per share.
-- Apple is a broken company and over owned.
-- Thinks best innovation is behind them.
-- Competition is getting intense and Samsung is taking market share.
-- Will be difficult to thrive without the innovative genius of Steve Jobs.
Credit and source: www.cnbc.com, CNBC
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About the author:
Dheeraj GroverI 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