I can name one company:
Xom Earned $40 billion past 12 months P.E. 9
These below companies don't come close:
RDS-A Nope $26 billion P.E. 8
Msft Nope $26 billion P.E. 14.4
goog Nope 20 billion P.E. 20+
CVX Nope $26 billion P.E. 8
BRK-A Nope $13 billion P.E.15
Come on I want to know another company that is trading at 4 times cash that produces the kind of income APPLE does which from the looks of the current selling of it's stock appears to be going out of business.
Is it not a good time to buy when something goes on sale?
Feeling the pain.
the big question is are you confident it can sustain this growth for much longer, their market edge is slipping. anything less than 40% growth is not good enough for investors in apple anymore it seems (unfortunately).
u looking at this completely wrong... this isn't about who earns more, it is about who is willing to risk $100 billion fresh dollars to throw at apple to move the stock up a few points... everyone is already in this stock - there are no fresh aggressive buyers because there is no catalysts for the stock going forward. Tim Cook suks as a product innovator.. a $billion dollar investment can move a stock like yahoo 10% up in one day... the same amount would drive up apple by 30 cents..
I read this post to. No new buyers, T. C. a procurement and numbers guy, gotcha APPLE is still adding $10+billion to its bottom line this quarter, and next and next and next. So it grows into being a $500 a share stock over the next year. At what point does these "hedge funds,pension mgrs. or whomever value this company at the very least at a historical p/e of the overall market of 16. Apple is the Dangerfield of stocks,it gets no respect. Heh Heh