Nothing Tiresome About Apple Fatigue: Your Emails (Pt 2)

As you might imagine, the reactions to the my earlier post today about Apple fatigue plaguing investors seems to have struck a nerve. Here are some more of your responses:

Neal Doughty says: "I don't think the problem is hype by Apple; it's the hype by everyone else. The Beatles are mentioned without even a current rumor. When Paul McCartney doesn't show up tomorrow, it will be a disappointment. Apple can never live up to the expectations generated by the press, and traders can always count on a letdown."

Lance in Minnesota sent this: "Give Jobs all the credit for making AAPL what it is today; his vision and tenacity stand alone. But like many other great founders, Hewlett and Packard, Watson, etc, his time will pass. The question is, is the company big enough, talented enough and with the right culture to live on? I think so. In many respects, his job is done. Steve could show up at the next product event like Lenin, under glass, and it wouldn't affect AAPL's earnings for the next two years. Things are that well set. If the market doesn't like his weigh in, buy, buy, buy. The big thumb on AAPL's scale is earnings and that will be there for the foreseeable future."

Paul Rudé writes in all the way from Portugal: "Just read your article Apple "Fatigue" Hitting The Street? I have the same point of view as you, and I am a Mac user since 1984, and a stock owner (long), since 2006. Since the departure of (Yankee Group's) Carl Howe from the sphere of Apple analysis, you seem to be the only person who has a rational and valid analysis of Apple, Inc. Keep up the good work... More would be welcome."

From Dave Middleton: "The 'health issue' is a fear/rumor that needs to be squashed. Period. Beyond that: 1) Deliver earnings growth that keeps the P/E reasonable (for Apple anyway). 2) Clean up the quality issues from the last set of releases - and stay vigilant on this in the future. 3) Position products - and marketing - to clean up in 4Q selling season. As the general ‘pall’ over the economy and markets begins to - gradually - reverse, Apple will ride that wave higher and faster - on its results - and be a $200 plus stock by January. I think it’s a buy at today’s prices…provided the health issue is made a non-issue."

Succinct, Dave, and right on the money.

And RB complains about the lack of credible news, analysis and reliable information, all in an age when media is more interested in its own scoops and who will say and o anything for their own recognition and self-serving goals. He says the net is ripe for manipulation. "Apple is solid as you said, every respect. I agree with Steve Jobs: Hype is when you blow hot air and don't deliver. I also agree with you that there's a certain fatigue. It's probably an information (or mis-information overload fatigue."

And finally, this panicked plea from Jeanne: "Our one knight in shining armor who spits in the face of adversity has just taken up arms against the horribly beaten up Apple shareholder." She goes on to call me a "Benedict Arnold." "Why, why, why did you have to write about Jobs' health now? Why couldn't you have waited?"

I'll leave you with this: my feelings about Apple are well known. My feelings for Jobs and the job he does as CEO are well known too. Ignoring issues doesn't make them go away. I'm not talking about fanning the rumor flames, but addressing issues in an intelligent, constructive, honest way. The fact is, some key investors and analysts are concerned, and as an investor, you ought to be aware that whether you like it or not, Jobs' health -- whether legit or not -- is weighing on shares. A healthy, robust, happy, in-charge, visionary on stage Tuesday will quell this. End of story. That's all I'm saying. Ignore the obvious at your peril. An informed investor is a prepared investor. And likely a richer one as well.

"Benedict Arnold?" I'm hurt.

Questions? Comments?