“Apple Inc.’s stock is undervalued based on its cash position, Sean Udall, a tech stock expert recently argued,” Jayson Derrick reports for Benzinga. “But just how undervalued is Apple’s stock? According to Udall, it is ‘f’ing absurd.'”
“Udall continued that Apple’s net cash would be ‘well north’ of $250 billion when factoring in all the money the company spent on stock repurchases and other shareholder friendly initiatives,” Derrick reports. “He added that at a $250 billion net cash position investors are buying the company at a valuation that is just above 2x net cash given Apple’s market capitalization of around of $530 billion.”
Read more in the full article here.
MacDailyNews Take: As some guy named Warren Buffett once said:
Be fearful when others are greedy and greedy when others are fearful.
SEE ALSO:
Morningstar: Apple sell-off looks overdone – January 8, 2016
Real world iPhone 6s adoption data contradicts Apple analysts’ so-called ‘supplier channel checks’ – January 7, 2016
Top-rated analyst: Apple’s iPhone business is healthy – January 7, 2016
Apple falls for third day as so-called ‘iPhone woes’ trim $40 billion in value – January 7, 2016
Apple stock price tumbles 3% in premarket, now trades well below $100 – January 7, 2016
Apple stock slumps near $100 amid ‘iPhone sales worries’ – January 6, 2016
Wall Street’s freak out over declining iPhone sales is overblown – January 6, 2016
Piper Jaffray: Apple’s iPhone production cut do not necessarily presage sales decline – January 6, 2016
Foxconn plans ‘rare’ holiday as iPhone output fears rattle investors – January 6, 2016
Apple to release Q116 earnings, webcast live conference call on January 26th – January 5, 2016