March 21, 2012 – Quote of the Day

“I suspect the analysts who follow Apple are great people and are nice to their mothers. But as a group those people missed the last quarter by 40%, so I’m not listening to them. The stock is a trading sardine for a while. It’s a high beta stock which is leveraged to the market which is over extended. So I don’t see a hell of a lot of alpha until we get the next significant data point, which might be squishy,” said Dug Kass of hedge fund Seabreeze Partners.