“Even at the current share price of around $462, AAPL is trading with a trailing PE of slightly more than 10 and a forward (one-year) PE of just 9.3,” Courtenay reports. “This remarkable cash cow, which generates about $16 billion in cash per quarter, is selling at a price-to-earning-to-growth (PEG) ratio of 0.55. This indicates the price per share only reflects about half of the earnings growth rate of the company. Absurd and mouth-watering all at the same time!”
More info and AAPL chart in the full article here.
MacDailyNews Take: Manufactured swoon – based not on facts, but on fomenting and FUD – to be followed by AAPL’s normal rise. Rinse, lather, and repeat.