The Macalope gives some publications a hard time, but every once in a while even a purveyor of pointless pontification can get something right.
Case in point, Forbes and The Street, which have taken a brief respite from loaning out their pages to people whose dogs were apparently run over by Steve Jobs and instead published some pieces that actually make sense. And you said it wasn’t possible.
Oh, sure, you said it because the Macalope said it first but, hey, this isn’t about the horny one. It’s about you. Don’t try to change the subject.
Investors are being offered an opportunity in the market to purchase a stock at 8.2x earnings (excluding cash) for a company that is growing 59% year-over-year in the last quarter. This attractive stock price is the explanation for its recent run. Despite the stock price appreciation, the stock price has still not caught up with the value of this company.
… Undoubtedly, there will come a time that Apple itself will be disrupted, but it does not appear to be anytime soon.
The reasoning behind the Apple Doomsday Cult’s prediction, if you remember, is that Tim Cook has been tried and convicted of the singular sin of not being Steven P. Jobs. Case closed, Apple doomed, please purchase my white paper.
Over at the The Street (The Wall Street), Erick Jackson notes the teensy problem with that theorem.
Apple could have the most amazing management team in the world, but none of us would talk about it, because Steve Jobs was that good a CEO.
Point in fact, that’s exactly what’s happening. The Macalope has said this for a long time, but people were spoiled by Steve Jobs. If Phil Schiller were at any other company people would hold him up as the next best presenter. Instead all we heard for years was “He’s no Steve Jobs.” The same is now true of Tim Cook. Forget all his other characteristics, he’s not as charismatic as Jobs, so get ready to watch Cupertino burn to the ground.
Jackson, however, doesn’t seem to have any qualms about the team that Steve Jobs built.
These guys are killers. They’re relentless. They’re going to keep coming after you until the battle is won.
Well, that’s refreshing. And now Forbes and The Street will return you to their previously scheduled collection of Apple Cassandras, already in progress.
[Editors’ Note: In addition to being a mythical beast, the Macalope is not an employee of Macworld. As a result, the Macalope is always free to criticize any media organization. Even ours.]