Apple’s stock should be worth more, says Mad Money‘s Jim Cramer while comparing Tim Cook’s performance to Mary Barra’s General Motors.
Some stocks just might be worth a lot more than you think. Sometimes the CEOs know it, but other times they don’t. Apple’s Tim Cook, for example, knows it. He
‘s been borrowing money and buying back shares of Apple – BUY! BUY! BUY! BUY! BUY! – because he understands his stock is much cheaper than most people realize. In an era where the average stock sells at about 18x earnings, it;s out and out ridiculous than Apple sells at a mere 14x earnings given its balance sheet, sustainability of earnings, breadth of product, and wondrous engineering… In short, Apple’s stock should be worth more, perhaps much more. Which is why, as always, I say, “Don’t trade it, own it!” – Jim Cramer
[protected-iframe id=”554b9864b50bd18a5811c8c36e735c38-17146794-18685410″ info=”http://player.theplatform.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=3000353714&size=530_298″ width=”530″ height=”298″]
Direct link to video here.
[Thanks to MacDailyNews Reader “Joe Architect” for the heads up.]