“Apple (AAPL) stock remains cheap compared to its estimated growth over the next few years, hedge fund manager Leon Cooperman told CNBC on Thursday,” Bruno J. Navarro reports for CNBC.
“‘Based upon our earnings estimates, Apple is about 13 times – less than 13 times next year’s earnings, yielding a little under 2 percent, we think grows 15 percent over the next few years,’ he said on Fast Money,” Navarro reports. “‘So it’s growing substantially more than the market, selling at a discount to the market multiple,’ he said.”
Full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]