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Apple Inc. Message Board

  • jimturner54321 jimturner54321 Mar 28, 2013 2:41 PM Flag

    John Maxfield: Apple (NASDAQ: AAPL )

    John Maxfield: Apple (NASDAQ: AAPL )

    "If I were the world's most interesting man (which I most certainly am not) here's how I'd sum up my selection of Apple as the one stock to buy in April: I don't usually buy technology stocks, but when I do they're dirt cheap.

    Apple is patently, even offensively, inexpensive. It went from over $700 per share last September -- at which point even seasoned investors like David Einhorn were predicting it'd be the "first trillion-dollar company" -- down to roughly $420 earlier this month. It's the classic case of mania followed by utter despair.

    On a valuation basis, the company's stock trades for a little more than 10 times its estimated future earnings over the next 12 months. If you exclude its obscene cash hoard, that figure falls to roughly seven times earnings. And even more telling is its 2.3% dividend yield, which is bound to increase, given that Apple is in "serious discussions" about returning more capital to shareholders.

    While I've been wrong before, and will be again, I've personally bought Apple at three different price points during its descent, and couldn't be happier with the decision. "

 
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