Earns 44 dollars a share andpeople #$%$..Oh oh let's sell and hurry over to NFLX or Amzn or or
Only Nflx may be a decent choice....but something tells us ITV is going to be a BIG BIG BIG SURPRISE FOR NFLX and others..and while we are at it, when you see what Apple and noninvasive surgery people will eventually collaborate on, please remember there kneejerkitis sell off days...WE SHALL
Apple should easily have a p/e of 14 or 15+ (like Microsoft - that value company that has been in the dumps for 10 years). Yes Apple deserves a p/e of 15+. Apple is making almost 2x profit than msft. So one could say Apple deserves a p/e of 30+. This is maddening.
What are investors looking at earnings? revenue? margins? growth.
Apple's margins are good
Apple growth is good.
May be not spectacular but they are starting at $45 billion/year in profit!
For crying out loud! What to investors want?
Do what I'm doing--continuing to buy in at these lowered levels. In the end, everything will come out in the wash, and Apple will have a p/e of about 13.5 and earnings of about $50. Look for a price of about $675 by year's end. That's a tremendous gain from current levels, and what I believe to be an awesome buying opportunity.