Several Catalysts For Beleaguered Apple
Now that the majority of investors have given up on Apple (AAPL), new investors finally have an opportunity for a solid investment with plenty of catalysts. Several indicators including reduced trading volume and even a greatly reduced number of articles published on Seeking Alpha provide general indications that the investment community has largely given up on the smartphone and tablet leader.
As investors lost interest in the stock at the beginning of 2013, the company finally generated numerous catalysts as the year heads towards the back to school and holiday shopping season. The major product catalysts include a much discussed China Mobile (CHL) deal, the updated iPhone 5 release, a cheap iPhone version, and several other initiatives such as a watch or a TV. Another mostly ignored catalyst is a dramatic reduction of the share count via the large stock buyback program. Most investors overlook the earnings kick from the reduced shares.
Read the full article at Seeking Alpha.
Disclosure: Long AAPL. Please review the disclaimer page for more details.