Apples stock sponsorship is switching over from a growth investor to a value investor. I do not agree with its stock price declining but rest assured it will. I will buy Apple when it is time to do so but this will see sub $480's. In fact I would not be surprised for it to hit $425 which is the exact same price it was one year ago on January 22, 2012!!
That is an 8 multiple on $53 people. It is written and it is headed there. I am short 5k shares. I have a feeling this may coincide with a broader market sell off. I think Apple is great, I have owned an iphone when I went long the stock. Ironically I have pre-ordered the Blackberry and shorted Apple. ;)
Send the hate responses. I am here to make money not to be a sheep!
Or better yet, why do you think Apple should trade at lower multiples than Dell (minus cash for both).
Apple is still on top of their game and Dell has been floundering running a PC business in a casual computing world. That valuation makes ZERO sense. To use your headline "You're not putting the right multiple on AAPL"