“Simona Jankowski, who took over Bill Shope’s old seat as Goldman Sachs’ top Apple watcher last September, is particularly bullish on Apple right now,” Philip Elmer-DeWitt reports for Fortune.
“‘We see the current weakness,’ she told clients in a note issued Tuesday, ‘as a compelling buying opportunity,'” P.E.D. reports. “The bad news from Apple’s supply chain, she says, is already priced into the stock. ”
“[AAPL] has 25% of its market capitalization in cash and an absurdly low price-to-earnings ratio,” P.E.D. reports. “‘Once we get past the near-term concerns over a unit shortfall,’ she concludes, ‘we expect the focus to increasingly shift toward what we call ‘Apple-as-a-Service’…”
Read more in the full article here.
MacDailyNews Take: Today’s low of $93.42 was nothing less than manna from heaven!
THEN BUY, BUY!!!!
I am waiting for an eminent payday so I can buy.
Dear AAPL, please stay low or drop for the next week!
I would be so sad if Wallstreet figured out AAPL’s true worth this week. Any week after, but not this one, lol.
I’d love an eminent payday – so much better than the usual ones!
Open long positions between now and the election only with money you don’t need until 2018.
‘Actionable research’ nonsense from the Financial analyst lemmings has delivered the churn (translation: transaction fees for the various banks), now to drive AAPL up prior to earnings on 26th!!
Go Wall Street, don’t ya just love this predictability, helped along with a few slicks of Oil!!
Like my uncle Wally used to say, “Find out what they got, get it, then get out!
Noooo, compellling? Seriously? /s
An analyst thinks Apple might be compelling. Good grief.
As long as Apple’s P/E ratio is lower than 75 it’s a buy, as far as I’m concerned.
-jcr
Wow. GS says something beneficial to mankind, for a change. (They were a spearhead of the profound recession that started in 2007, core creators of the bullshit sub-prime loans that ruined the economy).
Goldman has a load of overpriced AAPL shares I needs to sell to the muppets.