Seeking Alpha
  • Clinton Holmes
    How much lower can $AAPL go? It's current P/E of 9.5 makes it cheaper than $MSFT, $CSCO, $IBM, $GOOG, $INTC, $ORCL, and even $DELL...
    3/4/13
    Reply (11)
    • SKS1586: It will keep going down until everyone's nose is broken due to nosedive & no one wants it. Then it will start, its turnaround.
      3/4/13
    • Clinton Holmes: Hahaha - I think if TC follows Buffett's advice & starts buying back more shares $AAPL might stop the dive: http://bit.ly/Z4UBHF
      3/4/13
    • mitrado: Stock Buyback did nothing for $HPQ in the last couple of years... What's the point in these buybacks anyway?
      3/5/13
    • jamesingram32: simply put, if you buy back @10% of the shares, there are less shares representing the market cap of your company, so they should be higher
      3/5/13
    • jamesingram32: IBM has done this for years, hence they are $200 today vs $100 10 years ago, even though they grow very slowly, a lot less slowly than aapl
      3/5/13
    • jamesingram32: IBM has done this for years, hence they are $200 today vs $100 10 years ago, even though they grow very slowly, a lot less slowly than aapl
      3/5/13
    • jamesingram32: It's a sensible way to spend your annual huge billions of profit. ERGO Warren Buffet's advice to SJ. If you think your stock is cheap......
      3/5/13
    • jamesingram32: then buy it. I hope AAPL have been in buying up their promised extra 35bn of buyback at these levels....that would be clever
      3/5/13
    • Clinton Holmes: Great explanation James - couldn't have said it better myself
      3/5/13
    • XRTrader: Exactly James - AAPL can add 3-5% EPS growth per year by buying back shares, on top of whatever growth they experience naturally.
      3/5/13
    • mitrado: ... and if AAPL buyback plan is as effective as HPQ's, will we be looking at AAPL around $50 a share in 2 years?
      3/6/13
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