Apple in Santa’s Bag

The global frenzy for Apple products show no signs of letting up.  This is the best company in the world and not just a game changer, but defining the culture for younger generations.  The stock has been trading in $300-320 range for the past few months with a couple of failed attempts at breaking out.   It does feel like a coiled spring to us and we suspect that we’ll see $333 relatively soon.

Adjusting for the company’s  $51 BN in cash and investments, the stock trades at 14x this year and 11.5x next year’s earnings.   Stunningly cheap for the best growth story in the market!  Stay tuned.

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