“Apple shares appear ‘cheap’ to the naked eye trading with a P/E Ratio of 14 and EPS of 41. Today Apple shares are standing their ground, steady at $568 and finally a credible analyst i saying its time to buy,” The Stockemasters write. “That would be RBC Capital analyst Amit Daryanani who said yesterday: ‘We believe the recent pullback on AAPL’s stock creates an attractive entry point for investors to benefit from AAPL’s ability to sustain material revenue and EPS growth over the next several years.’”
The Stockmasters write, “Apple is just getting started selling their iEverything products in China. Recall that $7.9 billion of the company’s $39.2 billion revenue last quarter came from China. The companies entire revenue taken from China in 2011 was just $13.3 billion. Its not just America that want Apple products, its the rest of the world.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Joe Architect" for the heads up.]