Cooperman: Apple set for 15% growth

“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.]


  1. So this guy Cooperman thinks Apple is going to grow 15% per year over the next several years, but he doesn’t explain who or how the brakes will get applied. And it will need some serious brakes, retro-rockets, anchors and more to slow to 15% from it’s 5-year average of 68% yr-yr growth.

    Doofus, I’d say.

  2. Another statement of the obvious, with little impact on investor’s buying decisions.

    AAPL’s growth problem is market liquidity. Average daily trading volume, while less than half of what it was in fiscal 2005, requires 6.7X the cash to support AAPL’s current price. A stock split will not change that.

    Basically, Apple/AAPL is growing faster that the market’s cash liquidity. That isn’t going to change until the economy has fully digested the 2008 bank meltdown (and subsequent destruction of net worths around the world).

    The ultimate demise of RIMM, HTC and Nokia will do little to free up investor cash for AAPL’s growth.

  3. … wife this past December has gained 80% of it’s original value. The fewer shares I bought myself in … June? … have already gained 17%.
    What’s the hoopla about AAPL gaining a mere 15%? Sure, 15% is good. Apple is seldom satisfied with “good”.

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