“What would you say if I told you about a company that had increased quarterly sales by 33% and earnings by 38%, while widening its profit margin, reducing its share count through buybacks and building up a record cash hoard of over $200 billion?” Philip Van Doorn asks for MarketWatch. “And what would you say if that same company’s stock was trading for 14.4 times analysts’ 2015 earnings estimates, less than the S&P 500 Index’s 17.9?”
“The company is Apple Inc.,” Van Doorn writes. “The maker of the iPhone published results after the market closed Tuesday, and investors sent its stock down as much as 8% in extended trading. In pre-market trading Wednesday, the shares were down 7%.”
“Still, Apple pretty much hit a home run,” Van Doorn writes. “The company is in the lead for best sales-per-share growth among the 78 S&P 500 member companies that have reported results this earnings season… Though Apple’s stock is depressed, it is nonetheless an incredible bargain.”
Read more in the full article here.
MacDailyNews Take: The stock market is a game. You either understand the “rules” and play it well, and get paid, or it’s better to sit on the sidelines and watch it for entertainment.
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