This idea “came from a long-term investor who bought Apple for $1 a share (split adjusted) in May 1998 and has watched it double many times over,” Philip Elmer-DeWitt reports for Fortune.
“The first doubling was the hardest,” P.E.D. reports. “Getting from $1 to $2 took Apple more than six years, from 1998 to 2004.”
“Since then, Apple’s share price has doubled on average every 22.6 months—and that includes the massive sell-offs of 2008 and 2012 when the stock doubled, fell back sharply, and then recovered,” P.E.D. reports. “Past performance is no guarantee of future results, of course. If it were, you might expect Apple to clear $128 by October 2016 and reach $256 two or three years later.”
Read more in the full article here.
MacDailyNews Take: Past performance is no guarantee of future results, indeed.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]
Apple analyst Brian White who had a track record, price target AAPL at $200. Cross our fingers folks.
http://finance.yahoo.com/video/apple-poised-comeback-115200793.html?soc_src=default
The analist cocaine binge is over and we’re heading back to normality. The pay checks from google started bouncing and the remaining blow all ran out by Tuesday.
I’ve held the stock for over a dozen years and I never realized Apple had grown so much in that period. I tend to remember the down periods more than the growth periods. It’s possible the news media tends to focus on Apple’s struggles more than the triumphs. I need to sit down and look at some long term charts to get a better perspective. However, I’m sure Amazon has had greater share price growth in a shorter period which is somewhat puzzling.
If its PE is 10, than it is “overpriced” by 9. The stock value is only a perception that somebody else is going to purchase it at an inflated price and you hope they don’t blink. You are “loaning” money at a higher “interest” rate than you paid for initially, betting the value of the stock has appreciated, ergo, bet that somebody is more of a sucker than you are. If you really want to “own” a piece of Apple, buy its products. Don’t get on the greed train of Wall Street and be “on the take” of the banksters bankrolling Wall Street.
An idiot who can’t even spell his own name. Says it all really.
A sachin vey