Sunday, October 20, 2013

Marc Faber: Apple 'could go bust'




Famed investor Marc Faber believes that Apple is a troubled company making an array of frivolous products—and for that reason could be on the road to bankruptcy.

"This is the kind of stock I'm really not interested in," Faber said about Apple on Tuesday's "Futures Now." "I'm not saying it will go bust," but "it could go bust eventually."

Faber added that it won't go under "tomorrow" or "the day after tomorrow." But the editor and publisher of the Gloom, Boom & Doom Report compares Apple to another technology company that's now infamous for moving slower than the times.

"This is kind of like Polaroid of the 1970s," Faber said. After all, Polaroid, like Apple, was founded and driven by a famous innovator who eventually left the company.

"Dr. [Edwin] Land, who was the founder of Polaroid, had more patents under his head than anyone else in the world," Faber noted.

In 1982, Land (who received more patents than any other American save Thomas Edison) left his seat on Polaroid's board, and gave up his research post at the company. In 2001, Polaroid filed for bankruptcy protection, and proceeded to sell off its businesses.

Apple certainly looks strong on a fundamental basis. The company has $43 billion in cash and short-term investments on its balance sheet. Apple took in $35 billion worth of revenue in the second-quarter alone, and on Tuesday, the company was worth more than $450 billion.

But Faber maintains that the tech industry is littered with the graves of former market leaders. "We have many other examples of high-tech companies that just faded away," Faber noted.

And for Faber, Apple's biggest problem may be that its products aren't exactly human necessities.

"It's basically a toy company for grown-ups," Faber said.

Source/Extract/Excerpts/来源/转贴/摘录: CNBC
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Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
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