Examining Apple Inc. (AAPL)’s Forward Valuation
Ok folks, as I've been getting a few questions on Apple Inc. (NASDAQ:AAPL) it's easier to answer them in one post, and in fairly condensed fashion, as they all come around to the same theme.
The main one is simple -- What the heck is "wrong" with AAPL?
To this I must say I just don't agree with this perspective. As someone who can remember distinct purchases of the stock myself in the $50's (July 2006), the $70's (on iPhone announcement), the $120's after a monster good quarter in 2009, and I could name a lot more examples at lower and higher prices, I just think many people have lost perspective. How can a stock that has gone from $50 to $540 in 6 years be acting that "wrong" on a 20% drop after a what, 1000% rise?