Apple Share Prices: Even when investors were salivating over Apple Inc. (NASDAQ:AAPL) during the spring of 2012, John Goltermann of Obermeyer Asset Management was telling people to be careful. It turns out that his assessment of the company was right.
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The question remains: what does Goltermann think right now about buying Apple Inc. (NASDAQ:AAPL)?
During an interview with CNBC’s Gary Kaminsky, he says he is “still skeptical” of the stock. That being said, he doesn’t stop there. He has plenty of additional advice and insight for Wall Street.
Despite the fact that only a small portion of the interview touches on Apple Inc. (NASDAQ:AAPL), Goltermann shares some great insight as to where things stand right now and what the future may hold:
“My take on Apple is that a lot of the euphoria has come off the stock price lately. I think it is down about $80 since we spoke last time. We have always viewed Apple as kind of a complicated investment. It is more complicated than that it makes cool devices and its one of those where it has to continually be on the leading edge of innovation in order to sustain its stock price.”
Goltermann then went on to add his view on future product releases:
“That is very difficult to do (be on the leading edge of innovation) in our opinion. Over the near term, you know I would expect some more focus on results here. We are kind of in between product launches and its difficult to say how the market will react to new product announcements. But I think the focus is going to be more centered on the economics of the business and whether or not its able to continue its leading edge.”
If you don’t believe what Goltermann has to say, keep this tidbit in mind as published by CNBC: