Apple’s outflow of capital over the last five months is staggering. It makes sense, however, when you think of how many shares are institutionally owned, and owned by non-retail shareholders. Why not take some profits from
Apple’s meteoric rise over the past couple years? Why not sell some shares before the new year (2013) when the capital gains tax rate is going up by 25%? And yes, Apple’s margins have slowly come down, and the breakneck growth of the largest company in the world has changed pace. Yet, Apple’s fundamentals have not changed. Apple is still the most innovative company in the technology space and it has the most talent, with the best hardware, the best software, and the best ecosystem in the world.
Continue reading…
