TTCM Article on Apple- Written by Tim Travis

Below is our most recent article on Apple where we discuss how increasing competition will likely lead to margin declines.  Also the size of the company makes it extremely difficult to maintain the growth rate, likely leading to average investment returns.

http://seekingalpha.com/article/1002351-apple-the-law-of-large-numbers-and-declining-margins-point-towards-average-stock-returns