Apple Inc (AAPL)

[Santa Barbara Broker]

Don't worry...AAPL on the way to $80 a share soon...

That up and down pattern will soon be headed down to where the stock is fairly valued. Interesting how shareholders are just in complete denial about the fantasy '$36 a share in cash' that the company is holding (in offshore accounts). They just can't seen to grasp reality in that if that cash was repatriated to shareholders or back into the US, a third would disappear ***poof*** instantaneously in taxes. Then there is the off balance sheet debt. Depending on which reality based unbiased/neutral accounting discovery report you read, after everything would be said and done, AAPL ends up with as little as $800M in net cash or less than .25 cents a share. You can fumble around in the dark like American do nothing legislators who keep adding to the US's $19 trillion in debt thinking this kind of insanity can go on forever with no day of reckoning. But sooner or later the chickens will come home to roost and sooner or later the truth about shareholder access to all that AAPL cash will be revealed. Reality being there is absolutely no way to get it or the value it represents to them without losing it to debt retirement and taxes. Period. And when it does you will see that $36 a share vanish like the illusion that was holding it in place. $80 a share possibly as early as November? Get ready. It's on the way...market correction or no market correction. You heard it here first...and second...and now third.

SBB