“Apple is clearly a high-quality business when considering aspects such as competitive advantage and financial strength,” Andres Cardenal writes for Seeking Alpha. “However, even after rising almost 40% in the last year, the stock is still trading at a fairly attractive valuation level considering such quality.”
“The main factor behind this relatively low valuation for Apple stock is that the company has struggled with declining revenue in the past several quarters,” Cardenal writes. “The consumer electronics industry is always changing, and the winner of today can easily turn out to be the loser of tomorrow. This is clearly an important risk factor for investors in the company.”
“On the other hand, the most recent earnings report from Apple puts the company back in growth territory, and there are reasons to believe that future growth rates should be more stable and easier to predict,” Cardenal writes. “In such scenario, Apple stock could offer substantial upside potential.”
Read more in the full article here.
MacDailyNews Note: Apple’s all-time high (intraday) was set on February 24, 2015 at $133.60 per share. Apple’s all-time closing high was set the day before on on February 24, 2015 at $133.00.
SEE ALSO:
Don’t sell your Apple stock now — here’s why – February 2, 2017
What’s the real reason why Carl Icahn dumped his stake in Apple? – May 2, 2016
Why Carl Icahn is wrong about Apple and China – April 29, 2016
Carl Icahn out of Apple over worries about China’s ‘dictatorship’ government – April 29, 2016
Carl Icahn dumps all of his Apple shares; stock drops – April 28, 2016
I can never understand why these people stick their heads up after a stock’s runup and say the 52-week high is now the time to consider buying. If your so smart, why didn’t you recognize the stock’s potential 20% ago?
It’s gambling, there is never a perfect time. At best you might get better odds at any given time, but that’s tru for shorts as well.
Hoping T.rump doesn’t invade Iran, Sweden, Switzerland, Australia, China, Mexico….
Yeah, I bet you must be one who cried with joy seeing our military being embarrassed and taken prisoner by Iran, with Obama bending over and gladly letting them do as they pleased, awarding them ransom, and clearing their path to a nuke. While, on the other hand, dissing and embarrassing at every turn, the Jews, our strongest ally in the world. Obama knew what ISIS was all about; calling them JVs was just a distraction to allow them to grow, protected by his inaction. Now the world is on fire thanks to Obama, and here’s you talking stupid sh*t!
Geez, that was kinda mean. Hopefully, someday, we will learn to have civilized differences of opinion.
Not on this website. Clicks =$$$
I am not the least bit concerned about Iran. They haven’t invaded another country in more than 200 years, and their military is tiny compared to the US, spending only about 1/20th what the US does.
By saying the “Jews” are our strongest ally in the world, I assume you mean Israel. I disagree, but Israel is good at taking our foreign aid, to the tune of more than $120 billion since ’49.
The perfect time to buy was 1998. On a split adjusted basis it was $.47/share
Interesting enough that is when I bought my first batch of Apple stock, back when Gil Amelio was CEO cause I just new he was going to do one thing right, and he did.
People thought I was crazy then, I just laugh at all the money I have now.
iConcur RW….. Life is AAPL Good for me. iHave been beating the AAPL drum since 1991! (I worked for Apple in those early years) Ponder an initial investment of $27,000.00 @ $9.72……hmmm…… what about it naysayers? Anything to add? Apple iAdmit, needs an attitude readjustment when it comes to products. They must get back to basics. Too many bells, whistles and options along with piss poor coding has dented Apple’s armor. The UI is particularly troubling over these past 3+ years. Apple must have hired ex-Microsuck programmers. Steve would NOT be happy. Once in their new digs iPRAY! the complacency ceases within the Apple ranks. In closing, what percentage of profits does Apple make in the smartphone space? Yeah….. enough said. YKBAID. yea OK.
Not if the overall market corrects or Apple misses next earnings target. We’ve had Apple on our buy page for the past couple of months. It’s now on our short page. The underlying business didn’t improve 20%, Apple just had a good holiday season. “Back in growth territory”- it lowered its guidance for next quarter lol.
Yes, and we will be hearing the routine “Apple is going to be the first trillion dollar company” stories until the manipulators decide to short it back down to $105 next year.
It is pretty comical seeing the bullish commentary from the financial media. Same people were pushing “Apple is in deep trouble” story over the past year. If you Google “Apple stock trouble” you can see what the media was saying a few months ago. I think the easiest way to make a million dollars is to do the opposite of what media companies (especially those with no technical knowledge of the stock market) suggest. USA Today is one of my favorites to oppose. It ran an article when Apple stock was in the low $90’s price range about how the stock could go to $39 or something outrageous. I figured that was a strong bottoming out signal.