“Most of us assume that Apple (AAPL) stock has been the darling of Wall Street on its big run over the last few years. The truth is just the opposite,” Jason Schwarz writes for Seeking Alpha. “Apple stock growth is doing a poor job of tracking the actual growth of the company. Such a disconnect creates a buying opportunity on this widely followed but severely misunderstood stock.”
“Apple stock will accelerate into each quarterly earnings release as it tries to keep pace with the company,” Schwarz writes. “Not only do Apple’s competitors struggle to keep up with Steve Jobs, but Apple stock can’t keep up either.”
Schwarz writes, “The P will be racing to keep up with the E in the P/E ratio. The most amazing thing about Apple is that its growth is still accelerating. The next 18 months of earnings look primed to propel Apple to become the largest market cap stock in the world.”
Full article here.