“Warren Buffett doesn’t own Apple stock, but the data says he should,” Phil Ash reports for TheStreet.Apple gets a 100% Buy rating from our Warren Buffett model and 93% from our Peter Lynch model.”
“The ubiquitous computer and phone manufacturer passes all nine of Buffett’s key financial criteria and qualifies as a ‘Buffett-type company,'” Ash reports. “he competitive barrier created by the strong Apple brand is a key element of Buffett companies.”
“Legendary investor Peter Lynch would categorize Apple as a ‘fast grower’ and measure it primarily by its price-earnings-growth ratio (PEG). Currently sporting a price-to-earnings ratio of 13.4 and an average EPS annual growth rate of 28.9%, Apple’s PEG Ratio is a very healthy 0.46,” Ash reports. “Apple also passes five of Lynch’s seven tests while scoring neutral on the other two.”
Read more in the full article here.
MacDailyNews Take: Buy low. Sell high.
[Thanks to MacDailyNews Reader “Brian” for the heads up.]