Jack Johnson

How the iPhone and Poor Management Contribute to Apple's Downfall

Andy Zaky is the biggest Apple cheerleader out there, where is his independence and objectivity? Stocks trade on a) forecasted cash flows (not accounting earnings), and b) supply/demand for equities among investors. Apple's decision to amortize revenues/earnings, an accounting convention, means nothing to cash flows. Any idiot who's been on wall street for more than 5 minutes should know that. Also, since apple launched the iPhone, the stock may be flat, but the rest of the world has been cut in half or worse as earnings and valuation multiples compress...so flat for AAPL ain't that bad! Will this guy ever stop cheerleading his position and be objective. Get a clue Andy...

Why Consultants and Researchers Should Replace Sell-Side Analysts

Did anybody think about the huge amounts of regulatory work necessary to get consultants to provide financial advice and stock recommendations to buy-siders? Series 7, 63, 86, 87, NASD registration, etc, etc. To make this suggestion without thinking about the real world obstacles is beyond ridiculous!

Berger's Questionable Apple Track Record

the absurd thing about your post Andy is that you are confusing the analysts discussions of 'production' quantities with your expectations for 'sales' quantities. what a company builds is not necessarily what they sell, they could replenish internal or channel inventory. these checks can only give one a sense as to what is happening psychologically at the company, it gives one insight into what is going on behind the scenes. if apple built lets say 10 million iphones in 2q and 3q but only sold 7 million, then 3 million remain in inventory (in fact they said 2 million remain in channel inventory on their call). thus, if the 4q build plan was another 10 million units, plus the 3 million in inventory then apple could cut by 40% and still grow significantly in dec. versus sept. unfortunately we don't see the analysts data behind the checks so its hard to say what his intentions or 'spin' factor are but we certainly can't tell just from the analysis above. just keeping it fair and balanced.