Sorry, but using a "norm" P/E and backward looking earnings to evaluate a company's value is likely to get you into a LOT of trouble.
Well fine.... But after tonight's call we will see. I have a wager to Denny. Would you like to take me up on it? It will make you $1,000 richer if they don't reach $500 before next quarter
Well I've made a lot of money; but it's mainly through my investment broker managing my money. I think people trading have to do it full time. Usually my investment broker will give me three or four stocks and I decide which ones I want to jump on. As for apple; my broker wanted me to sell when it was $700. I said no for personal reasons. I own 100 shares of it. Apple is 20% of the actual money I have in various mutual funds, etf's, stocks and bonds. Most my money are in mutual funds.
http://www.nasdaq.com/symbol/aapl/after-hours#.UXc5Oisjr3A Apple heading back down. Down 0.49% from close as of 6:45pm.
I think the news has to settle in. A little excitement then the drop and tomorrow will be an up day, IMO.
http://m.seekingalpha.com/article/1365531 Maybe you guys should have taken up the bet. This guy suspects apple will reach $460 by October; which is after my bet deadline.
Article on Yahoo today. I found this interesting. http://finance.yahoo.com/blogs/breakout/apple-good-bad-rotten-115009507.html?vp=1
So why has the value of the stock, in your valuation, dropped by $290/share even though they now have cash and a higher EPS?
Why would I make that bet with you instead of just creating that trade with options? If you're so sure of your valuation and stock selection to reach $500 by next quarter, buy a significant amount of aapl June $450 calls and post your trade confirmation here.
All that cash was accrued during the great months. They are using that cash for buy backs. $60 billion in company but backs; what other company you know are buying back that amount?
