was_fred

Apple Is Worth More than Steve Jobs

Mr. Coleman, I applaud you! Well done!.
Steve’s health notwithstanding, Apple’s performance speaks for itself. With or without Steve, Apple is full of creative people who come up with spectacular products. Yes, Steve has health issues. Did anyone not listen to the conference call? Oppenheimer came right out and said that Jobs had no intention to leave Apple any time soon. Also, even if he did, doesn’t anyone think that he would make damn sure that there is a proper succession plan (not like when he was ousted by Sculley). Short sighted day traders that don’t see the whole picture can go ahead and take their losses by jumping out and driving the stock down. Me, I’ve been long on Apple for 12 years now. While I’ve had the blues a couple times, my long-term investment has paid off quite handsomely. Regardless of the nay-sayers rants, Apple continues to be a viable company which deserves a PE > 40. I’m LONG!