The stock's rich multiple requires continued strong upside surprises and estimate increases -- both of which are unlikely to happen near-term as the law of large numbers catches up with the company.
More Quotes from Andrew Neff:
We're seeing alliances, not mergers, among leaders, which reflects clearer thinking about what is good.Andrew Neff
We believe this means more growth and the potential to further extend its lead in the server arena.
Andrew Neff
We think the company has multiple engines of growth coupled with better execution against the goals of diversifying its revenue streams.
Andrew Neff
In our view, investors underestimate Apple because they tend to look at the company 'linearly' when they need to look at Apple 'non-linearly'. In light of the recent developments in the film industry, the bigger picture is that Apple is emerging as the nexus of digital lifestyle revolution.
Andrew Neff
We reiterate our 'buy' rating on Apple and our price target of 80 based on valuation of two times the company's EPS growth rate of 20 percent, reasonable in view of its innovative products and strong product cycles, ownership of technology, strong balance sheet and financial management, increasing return on invested capital and potential for future positive surprises.
Andrew Neff
Our estimates reflect the strong demand trends for data storage products, increasing acceptance of the Network Attached Storage model, and the company's ability to execute with regard to expanding its market opportunity into new verticals, new applications.
Andrew Neff
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Maria Mitchell
I haven't sufficient interest in objects or anything I can see around me to do what Oldenburg does.
Donald Judd
For instance, it's a little better now than it was two or three years ago, but something like 70% of the poems I receive seem to be written in the present indicative.
Peter Davison