Julian Ivan-Alexander

Barron's 2007 Analyst Roundtable, Part III

Contrary to Fred Hickey's statistics, APPL'e ttm PE is just 30 (not 38), and its forward PE just 22 (not 31). If you back out the $13/share in cash, then AAPL's forward PE is just 18.

Huh? That's expensive? That would be low even if AAPL were growing earnings by 20% YoY, let alone the 30-40% it is comfortably maintaining.

Fred Hickey said iPod growth rates are falling apart. They grew 50% YoY last Q, for a record 21m iPods. Mac sales are growing 30% YoY - that demonstrates plunging Mac sales?

Someone should call him out on this call. Hickey is on another planet. I wish there was an ETF on Fred Hickey so I could short it.