“Investors looking for value may find it in an unexpected place, according to Hugh Johnson of Hugh Johnson Advisors: Apple,” Fred Imbert reports for CNBC.
“‘The upside potential, in my judgment, is at least 30 percent. I know everybody is worried about the fact that there is a slowdown in smartphones… but also a slowdown in China. I understand that,’ Johnson CNBC’s Power Lunch on Tuesday,” Imbert reports. “‘But keep in mind we’re going from 50 million middle-class buyers of iPhones … to about 500 million in the next five years,’ [Johnson said].”
“Johnson added he thinks the broader market is oversold and that stock market investors will see sizable gains in 2016,” Imbert reports. “[Johnson said], ‘The level of pessimism, especially among smaller investors, is extraordinarily widespread. When you get a market that is this undervalued, and you get a lot of pessimism, that’s a combination you rarely see.'”
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Read more in the full article here.
MacDailyNews Take: From your lips to Mr. Market’s ears, Hugh!
Get in while you can, this was a sham.
Unexpected???
Pe of 10…. Excash aprox pe 6….. Whats unexpected about that?
Just correct the PE to a ressonable level( lets say 15ish ) for a complany that prints 18 billion in net profts per quarter and the 30% is back on.
Just fix the narrative Apple PR… Ofcourse when you wake up.. We dont want to disturb your sleep. Sigh…
excluding growth …and Just maintaining the current level of cash generation…… At pe of 10, in a few years apples cash hoard will surpass its market cap. ….
But apple has huge potential for growth…add that on top… If the execute properly.
🌟🌟🌟🌟🌟👍👍👍👍👍
Great! Apple has purchased back over a billion shares since 2014. That in itself should be worth something!
“Hugh Johnson”
What a name.
As Trump would say it “Uuuuuge Johnson”
Dammit, you beat me to it! 🙂
——RM