Seeking Alpha Seeking Alpha Portfolio App for iPad  Over the
past three months, we have seen many analysts cutting Apple's
(AAPL) earnings estimate in a hurry after the stock dropped.
Similar patterns have also happened to Green Mountain Coffee
(GMCR), Netflix (NFLX) and many other high-flying stocks. Why
are analysts so wrong in evaluating the growth of these
companies? In my opinion, three common mistakes are often
involved. The first mistake is assuming that high rates of
growth will continue for a very long time. This simply cannot be
true when a company reaches a certain size. The limited
population of its addressable market and the maturity of its
products will constrain the growth of any company. One good
example is Apple. In March 2012, when Apple introduced a new
version of its iPad, the company's stock was being traded at
around $600. Almost all analysts at the time were bullish about
the stock, leading them to predict unreasonable growth for the
iPad. In a blog post from March 14, 2012, titled "Unr