Is someone seriously suggesting that the company has “jumped the shark”?
Another day, another dumb headline on Seeking Alpha.
This beauty, by one David Alton Clark — “a conservative investor who regards Warren Buffett as his role model” — choses the walkup to what’s likely to be Apple’s (AAPL) best quarterly report ever to compare the company to Happy Days‘ Fonzie in a leather jacket and water skiis leaping improbably over a shark.
After eulogizing at length the late Steve Jobs, Clark points to the stock’s recent gains and invokes the law of large numbers to conclude that the “company cannot continue to grow at the current scorching growth rate.” I quote:
OK, Mr. Clark. I’ll bite. Let’s watch Apple’s share price over the next few weeks and see if it lands anywhere near $100 a share.
Meanwhile, the incredulous comments piling up on your article — 41 as of 9:26 a.m. — do a pretty good job point out where you analysis may have gone astray.