- 07 октября 2013, 17:50
- Seeking Alpha. Most popular articles
Albert Einstein once said "If at first the idea is not absurd, then there is no hope for it." When you work your way through Apple's (AAPL) filings and you witness their year over year free cash flow and other stellar metrics, absurd is the adjective which comes to mind in considering a short thesis on the company.
Nevertheless, in what follows are some potential warning signs with regards to AAPL's market share in Africa, as well as some underlying fundamental flaws in investor psychology in light of the number of hedge funds which hold AAPL.
Emerging Market Dilemma: Apple & Africa
While living in Uganda, there was something I found astounding which birthed my interests into forming a short thesis on AAPL. It was simply that iPhones were a rare commodity. In fact, from dialogue with my Ugandan colleagues and from surveying cell phone vendors, we approximated that
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