I think you're wrong clever. The Remimbi does not even freely float. The Chinese system is so different and so state controlled that the comparison is moot. It is not backed by precious metal. The basket includes the Euro and the Yen and both are QE'ing more than the dollar. China has huge amounts of debt, much of it in local governments. They have a horrible problem with internal corruption. I am not saying the US QE was good, just that you paint an untrue picture. You are not really clever or modest.
must be priced like the company will go bankrupt soon?
You really want to trust OPEC's opinion? Seems like they have a conflict of interest in saying oil prices will rise.
Maybe you should ignore all this financial reporting, usually quotes people with conflict of interest. It is called "talking your book". These stories are all a waste of time. For oil, looks like everyone is increasing their pumping. Venezuela in financial crisis, Russia in financial crisis, Iraq in financial crisis, US shale producers have to pump the wells they drilled to pay back their loans, Iran coming back on line due to nuclear treaty, Saudi Arabia needing money for their budget deficit. Do you detect a pattern?? So why do you trust OPEC?
I guess the P/E of 8 (with cash backed out) is just too high and we have to sell some Apple stock!
Just too risky. Clearly they are headed for a Christmas debacle!
What would the P/E be if the $206 billion in cash were backed out?
iPhone seems to be gaining share in many markets. More popular than ever, not going away anytime soon. Even though it is 70% of revenue, it does not seem very risky. P/E seems low given high profit and high growth. But who cares?
My longterm view after 10 years in AAPL is that the market will be FORCED to raise the share price by at least as much as the increase in earnings. Just assume the P/E will stay at the same low number (13), then the stock price will increase at the same rate as the earnings increase, and you will get a nice increase.
the iPhone clearly is a fad that will quickly pass.
no staying power for this company.
PE should be much lower than the whole market average to reflect the huge risk.