Quote:
Originally Posted by Dee8go
By the way, Apple is sitting on $136,000,000,000.00 in cash right now. If you subtract that from their current market cap, it gives you a PE of something like 5 or 6. There aren't many bargains on the stock exchange like that right now.
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Good for you if you are raking in money left, right and center on AAPL.
You are talking like THE analyst who predicted the stock will go to $1100+. Now he is backing down to $888 using the same argument you put in here on the cash reserve. I am not sure you quoted him or he quoted you. PE of 5 or 6 does not mean a thing. NFLX PE is 500+. It is because it is seen as a growth stock. AAPL is seen as a value stock. All car companies have low PE, look at Ford. Is it a good buy? I doubt it.