Stocks on My Watchlist: Apple, Google, Cardinal Health [View article]
To be fair, you should probably back AAPL's $25 billion in cash out of their market cap. Which gives you a trailing PE of 19.4. Personally, for a company that's growing both top line and bottom line in the current economy while maintaining near record margins, I'd think that they'd deserve a higher PE ratio.
If I didn't already hold AAPL, I'd certainly be acquiring it on weakness.
Stocks on My Watchlist: Apple, Google, Cardinal Health [View article]
If I didn't already hold AAPL, I'd certainly be acquiring it on weakness.
reinharden