Why I Disagree with Doug Kass About Apple

Doug Kass, president of Seabreeze Partners and well-known columnist for The Street's Real Money Pro, recently said that he's going to be "more aggressive shorting Apple." In particular, he thinks that Apple's "last significant product upgrade cycle" -- the iPhone 6/6 Plus cycle -- is "nearing completion and that neither the watch nor Apple Pay will move the corporate needle."