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Apple Inc. Message Board

  • blabboblubbo blabboblubbo Jun 27, 2013 4:00 PM Flag

    AAPL back to top hedge fund stock this Q.

    Coatue increased its stake in Apple (NASDAQ: AAPL) by 88% between January and March, closing the quarter with 1.2 million shares in its portfolio. During the first quarter of the year, Apple regained its place as the most popular stock among hedge funds, which it had lost in late 2012 (find more of hedge funds' favorite stocks). Currently Apple is valued at only 11 times its trailing earnings, with a good deal of its market cap being in the form of cash. While net income has been declining, we would watch to see if the business can stabilize and make the stock a value play.

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