MacDailyNews Take: Over time, though, the results of a significant split might be a different story.
“The informed investors can account for the cash and speaking for myself, I am content with Apple investing the cash,” Anderson writes. “If I wanted the cash so badly I would buy a bond or a utility.”
Anderson writes, “Even from the rational perspective of a private market investor, Apple is due for a correction – and that correction should easily put it at a minimum P/E of 16-17 times earnings based upon the long-term average P/E multiple of the DJII (with earnings around $750 per share).”
Read more in the full article here.
5 Day Most Commented