Well, yes, there is that but I still think he busted himself in the process.
I totally disagree. I think he was busted AT LEAST 3 years ago. Before the 7:1 split he said:
Trip Chowdhry, managing director of Global Equities Research, recently released a note in which he slammed
Apple for its failure to produce items other than a smaller or larger iPhone.
"The likelihood of Apple's being able to come up with an innovative product or smartphone that would create
new demand is very slim, given that the its stock is 40 percent below its high of $705," Chowdhry said. "Today,
Apple is a very different company. It has changed from being an innovative company to a company returning
cash to the shareholders; and that has completely backfired."
Chowdhry, who has an overweight rating on the stock with a $650 price target, said that if the price doesn't
increase in the next several months, key employees will begin to abandon Apple to work for companies like
Google.
Message 29006365
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