Josh Lowensohn of Cnet, in a preview of Apple’s earnings yesterday, wrote about the possibility of a dividend/stock buyback:
In a note to investors last week, Sanford Bernstein analyst Toni Sacconaghi said not to hold your breath for news about this during Apple’s conference call…
Shocking that an analyst would be wrong yet again about something. Particularly with regard to Apple.
Does anyone else notice that many of these analysts are sort of like bloggers who can get away with saying more outrageous things and yet no one really complains about it when they’re wrong most of the time?
Not only that, they keep getting cited despite their awful track records. It’s pathetic.
If I ever stop blogging, I’m going to become an analyst and just make shit up. And get paid to do it.