FORTUNE --Peter Misek, the top Apple (AAPL) specialist at Jefferies, has taken a lot of heat lately on two fronts: From investors for his bearish stance on the stock, and from the tech press for starting a basket full of Apple rumors that didn't pan out. At one point this year Cult of Mac assembled A History Of Horrible Apple Predictions From Peter Misek.
But the truth about Misek is that he's neither a bear nor a bull. He's a just an impressionable guy who likes to travel a lot, reports just about everything he sees and hears, and comes back believing whatever he was told last. (See here, here, here and here.)
Case in point: The report he filed Monday -- after his most recent trip to Asia -- in which he flipped his Apple recommendation from Hold to Buy and raised his price target nearly 50%, from $405 (one of the lowest on the Street) to an above-consensus $600.
The report was a typical Misek travelog, complete with Japanese iPhone 5S availability posters and a trunkful of industry gossip.
Among the highlights:
Misek is about as confident about that last one -- the iPhone 6 with the jumbo screen -- as he was last year about the imminent arrival of what he now calls "this unicorn," an Apple HDTV.
But as even Cult of Mac acknowledges, Misek sometimes gets it right.
Jefferies' Apple specialist flew in from Asia with a sack full of predictions
FORTUNE -- There's a lot to digest in Peter Misek's note to clients Monday. Just back from a visit to some of Apple's (AAPL) Asian suppliers, Jefferies' managing director has a lot to say about the rate at which current products are being manufactured and what future products -- including the iPhone 6 -- are floating around in prototype MOREPhilip Elmer-DeWitt - Dec 10, 2012 12:14 PM ET
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