“The shares are trading 48% below their five-year average P/E ratio,” Moroney writes. “Shares also trade below ﬁve-year averages for price/sales (17% discount), enterprise ratio (34%), price/operating cash ﬂow (62%), and price/book value (29%).”
Moroney writes, “The company has grown sales more than 30% in 10 straight quarters, and cash from operations rose 47% or more in each of the last eight quarters. Apple, notoriously tight with its money, holds more than $81 billion in net cash and marketable securities, or nearly $87 per share. We recommend that investors scoop up its shares on the cheap. Apple is a Focus List Buy.”
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