Is there any hope left for the stock?
Apple shares are as good as gold, some would say. And, like gold, Apple is having a tough year.
The stock is now trading just around $400 per share and is down 27.5% this year alone. Is there any hope for Apple investors?
We talk numbers with JC O'Hara, Chief Market Technician at FBN Securities, and Patricia Edwards, Principal and Chief Investment Officer at Trutina Financial.
In an interview with the Talking Numbers blog, Edwards says Apple’s competitive edge has diminished significantly, with Samsung and other competitors making inroads in Apple’s traditional advantage of design and innovation.
On the positive side for Apple, Edwards believes the stock’s intrinsic value may be higher than it’s currently trading. At the moment, it’s priced at nine times next year’s earnings. Plus, 38% of the stock is comprised of cash on the balance sheets. With a 3% dividend yield, it’s also giving a better return than Treasuries, though not as much as it didRead More »from Three Things That Will Save Apple