Apple’s (AAPL) Secret Society Revealed
In an interview that aired on CNBC Friday morning, three long-time members of Investor Village’s Apple Sanity board, an invite-only online community of 600 retail investors — a number of them Apple multi-millionaires — argue against what they regard as a stream of clueless Apple (AAPL) commentary on CNBC.
During the interview conducted by Simon Hobbs for the network’s Squawk on the Street segment, board co-founder Desiree Owen, who first bought Apple at $20 a share, said being private has allowed her community the freedom to exchange ideas and information that have resulted in great depth of knowledge in analyzing the stock and the company.
“It makes us the envy of most wall street firms….we look at ourselves as our own boutique firm”, Owen said.
Advertising executive David Thall said being a member of Apple Sanity board has given him access to firsthand information.
“In fact, I usually get it a lot sooner than people might get it trying to sift through the endless noise of blogs out there. So I’m able to make an informed decision”, said Thall, adding that the investment group has given him “the self-confidence in being able to stick with Apple.”
Another Apple Sanity board member, retired military intelligence officer JB Nabors, who’s been holding Apple or derivatives since about 2006, said he thinks Apple’s story is a unique one. According to Nabors, “many of the analysts on the street just don’t grasp the broad nature of Apple’s product line and where it’s going.”
When asked if the stock is going higher or lower from here, Nabors said like all stocks it will go up and down, but “long-term [Apple] is going up from here to at least $900.”
Owen is more optimistic on the ticker’s upside. She thinks the stock “it’s definitely going 1,000 by 2014.”
h/t Fortunes’ Philip Elmer-DeWitt.
During the interview conducted by Simon Hobbs for the network’s Squawk on the Street segment, board co-founder Desiree Owen, who first bought Apple at $20 a share, said being private has allowed her community the freedom to exchange ideas and information that have resulted in great depth of knowledge in analyzing the stock and the company.
“It makes us the envy of most wall street firms….we look at ourselves as our own boutique firm”, Owen said.
Advertising executive David Thall said being a member of Apple Sanity board has given him access to firsthand information.
“In fact, I usually get it a lot sooner than people might get it trying to sift through the endless noise of blogs out there. So I’m able to make an informed decision”, said Thall, adding that the investment group has given him “the self-confidence in being able to stick with Apple.”
Another Apple Sanity board member, retired military intelligence officer JB Nabors, who’s been holding Apple or derivatives since about 2006, said he thinks Apple’s story is a unique one. According to Nabors, “many of the analysts on the street just don’t grasp the broad nature of Apple’s product line and where it’s going.”
When asked if the stock is going higher or lower from here, Nabors said like all stocks it will go up and down, but “long-term [Apple] is going up from here to at least $900.”
Owen is more optimistic on the ticker’s upside. She thinks the stock “it’s definitely going 1,000 by 2014.”
h/t Fortunes’ Philip Elmer-DeWitt.
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