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.

This entry was posted in Equities and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.