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Exxon (XOM +0.2%) again surpasses Apple (AAPL -2.6%) as the world's most valuable company -...
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Friday, January 25, 12:50 PM ETExxon (XOM +0.2%) again surpasses Apple (AAPL -2.6%) as the world's most valuable company - $417.5B in market cap vs. $412.5B - after the latter's shares slide 14.5% since its earnings report earlier this week. It's a tortoise vs. hare tale: "You have one company that had pretty high expectations for it for the future, and you have Exxon that continues to chip away slow and steady," one analyst sums up.
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AAPL PE 6.06 (ex cash), 137bn in cash, new cash $1bn a week and $40bn+ profits a year, no debt, growth 27% YOY (as per recent earnings), margins 38%.
Amazon PE 67, zero profit, loaded with debt (32% debt to equity ratio), sales growth 15%, profit growth 0%, margins 1.7%.
In all this silly hysteria Apple remains the greatest buying opportunity I have ever seen. They delivered a bumper set of figures, and the future looks very bright indeed.