“On Bloomberg TV, the head of Holland & Co. joins the chorus mystified by AAPL’s valuation,” Philip Elmer-DeWitt reports for Fortune.
Michael Holland can’t believe Apple (AAPL) is selling for 11 times next year’s earnings,” P.E.D. reports. “‘Take just the most simple metric for most of the viewers. They understand the price/ earnings multiple. The price you’re paying for this year’s earnings and next year’s earnings. We’re talking 13 and 11. It’s crazy. Those numbers are below even the most pessimistic growth rates for the near future.'”
See the video in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]