Daedalus Capital, L.L.C.

"Apple's Secret Plan For Its Cash Stash"
 Connie Guglielmo Forbes Staff

"I cover the people and technology driving Silicon Valley"

These exact quotes are excerpts from the last three paragraphs of a Forbes article dated 4/17/12.  We put the actual text in bold:

Stephen Coleman of Daedalus Capital has been buying Apple shares since 2004 and thinks the company can get to a trillion even faster. Coleman, who remembers being mocked by investors in 2007 when he predicted Apple’s shares would reach $200, thinks they’ll surpass $1,000 later this year. He’s convinced the company will continue to run circles around smartphone rivals Google, Samsung, Microsoft and HTC with a new version of the iPhone this summer and that Apple will persuade more buyers to shun PCs from the likes of Hewlett-Packard, Dell and Acer in favor of iPad tablets.

Coleman is waiting for Apple’s financial results to be announced on Apr. 24 to see if his timetable is realistic. Sales in the quarter, lifted by new iPhone sales from China Telecom and orders for the third-generation iPad, which debuted Mar. 16, are expected to rise 47% to $36 billion. Profit is expected to jump from last year’s $6.40 a share to $9.86.

To naysayers who insist that Apple’s run won’t last or that Cook and his team can’t keep up momentum in the mobile-device market or that Apple boosters are just plain crazy, Coleman is having the last laugh. “I live in the real world,” he says. “When I see people rioting in China to get their hands on an iPhone, and when I hear Tim Cook say on earnings calls quarter after quarter that they can’t make enough to meet demand, there’s no reason to expect the sales will drop."

Daedalus Capital, L.L.C.'s traditional investment product, ALPHA, was ranked the #1 performing long-only equity fund for the three-year period ending September 30, 2009 by BarclayHedge.  The three-year annualized return was 30.06%.  This means that $1.00 invested into ALPHA on October 1, 2006 became $2.07 on September 30, 2009 before fees.  Our ALPHA clients doubled their money.