Apple ‘slingshot’ in full effect

“Well, well. The ‘Slingshot’ is working overtime. This article [series was begun] about a month ago with Apple’s (AAPL) stock trading at $600 and things have gotten worse for Apple’s shareholders,” Tradevestor writes for Seeking Alpha. “Yes, it does get repetitive to have the same story told over and over but as of this writing, the stock is trading at $[$524]. And with that many new milestones have been achieved.”

“Welcome yo the 2% yield, Apple. Yes, Apple is the latest stock to cross the 2% yield that many investors and funds wait for,” Tradevestor writes. “At $530, Apple’s annual dividend of $10.65 gives it an exact 2% yield. With a low payout ratio of about 24% and that huge cash pile, this is perhaps just the beginning of the good times for dividend investors with Apple.”

“Apple’s PE has dropped below 12 for one of the very few times over the past 5 years,” Tradevestor writes. “The current dip happens to be the 3rd instance that the PE is below 12 and if history is any indicator, the 6 month returns are going to be huge as well for ones who stick or even buy here. This can be explained because Apple’s fiscal Q1 and Q2 have been the best quarters for the stock. Q3 and Q4 usually go side ways and present great buying dips.”

Read more in the full article here.

[Thanks to MacDailyNews Reader “Ellis D.” for the heads up.]

31 Comments

  1. Yup, mutual funds, hedge funds and investors running for the exits for a variety of reasons. The obvious reason is of course you should always take profit when you are way ahead. And logically, many people and institutions did. The fiscal cliff and taxes. Negative sentiment to the max. And many other reasons but leave the room they will. And they have. I’ll get back in but it may still be a while off. Scary right now. very scary.

    1. It is scary.

      It reminds me of the time when I sold 1,000 shares of AAPL at $88 when I paniced like everyone else back during the great recession. Or like last year when AAPL collapsed after the October earnings report and rose 77% between December, 2011 and May 2012.

      It is scary, but not to me. I’m buying more. See you at a $1,000.

      1. I hope you sold recently around $700. You remember, near its all time high? That way you could buy back in even today about $187 cheaper. Yeah, I hope you did that. In other words I hope you sold when it was way, way up. When you’re supposed to. And bought back in when it was way, way down. When you’re supposed to. It sounds as though you did everything backwards back during the “great recession”. As of 8:27 AM PST it’s down $198 from its all-time high. Yeah, I hope you haven’t held on and ridden this all the way down. That’s nearly $200 per share if you did. You are smart enough to not have done that aren’t you? So much for buy and hold.

  2. Bunch of Nervous Nellies!

    Perspective: Go to Yahoo! Finance or whatever and checkout AAPL over the last five years. The current dip is just an adjustment, a valley, before the next rise.

  3. This is gonna be fun watching all the Dumbocrats bitch and moan, seeing their investment evaporate under Emperor Adolf Odumbo.

    Good luck with your socialism. I’m sure this time it will work.

    Hahahahahahahahaha!

    1. Oh… that company… the one making unhealthy, sugary snacks going out of favor with the educated public over the last couple of decades… the one with the CEO who tripled his own salary and bonuses…? Yup, it’s all the workers and Obama’s fault. Management never has a thing to do with it. Now they can liquidate, and take their cash all the way to the bank, screw the damn labor, who probably voted for the socialist foreigner anyway… uh, huh…. sure thing.
      What a broken record. You whiners are so yesterday…

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