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Another One On Board (6/1/99)
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See? Wall Street may take a while to catch on, but they're finally taking notice of Apple. Yet another analyst has raised his rating on Apple's stock; this time it's Richard Gardner of Salomon Smith Barney, who, according to a Mac Observer article, just upped his "neutral" rating to a "buy," citing strong iMac sales and other signs of health and growth. His new price target for AAPL is $55 a share; the stock closed at $44 and change following the announcement-- up a couple of percent, while the rest of the NASDAQ had fallen a bit. Gotta love that.
So now Salomon Smith Barney has seen the light, following a recent AAPL upgrade by Moody's (apparently, though, not Moody's Falafel Palace in Central Square, but that place rocks-- even Ben Affleck thinks so) and other slow-to-come, but generally favorable, sentiments about Apple's recent performance and future potential. This could get interesting. Of course, it seems that whenever Apple's stock price goes up, a lot of the gain withers slowly away over the course of the next few weeks, but it's tough to argue with a 300% gain in a year and a half. Whether or not AAPL can really hit the $55 mark remains to be seen, but with Sears starting to sell iMacs and Macworld Expo just around the corner (together with the assumed introduction of the hopefully-paradigm-breaking consumer portable), heck, why not?
Of course, we probably just jinxed the living bejeezus out of the whole possibility, now, but hey, don't let that stop you from buying. Superstitions are irrational and groundless beliefs. Overcome your fears.
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SceneLink (1571)
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And Now For A Word From Our Sponsors |
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 | | The above scene was taken from the 6/1/99 episode: June 1, 1999: Yet another analyst has jumped on the Apple bandwagon. Meanwhile, CompUSA makes you an offer you can't refuse, and "Redmond Justice" resumes transmission with a battle of dueling economists...
Other scenes from that episode: 1572: Don't Delay-- Call Now (6/1/99) So we were so fixated on checking last Sunday's Sears circular to see how they'd handle the debut of the iMac in their 800 stores (they, uh, didn't-- but we're told the official introduction has been pushed forward 'til next week) that we completely forgot to check the CompUSA circular... 1573: It's Good To Be Back (6/1/99) Ahhhh... Feel that? It's like a cool breeze on a hot summer day-- brought to you courtesy of "Redmond Justice." That's right, the drama's back in the swing of things, and just because the trial resumed with the rebuttal testimony of an economist is no reason to think that the proceedings weren't interesting...
Or view the entire episode as originally broadcast... | |  |
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