“Looking at how Apple (AAPL) has been trading lately, I’m amazed at how little Wall Street seems to value this stock – compared to say Amazon.com (AMZN),” Richard Bloch writes for Seeking Alpha.
“So what if Apple traded at Amazon’s multiple?” Bloch wonders.
“Based on earnings and operating income, Apple would be a $3,000 stock if it traded as richly as Amazon,” Bloch writes. “I’m not silly enough to suggest that Apple really should be a $3,000 stock, but perhaps $1,000? The stock once commanded a multiple of more than 30. If it ever does again, $1,000 would certainly be within reach.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]