“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!