uncle

Apple in the Bargain Bin

I think even more significant is not where AAPL's P/E is today but rather its forward cash flow. When the analysts figure out that the real AAPL story lies in cash flow and not their P/E (due to AAPL's goofy accounting for the iPhone) they will see a company trading at 9x - 10x forward cash flow and we should see the stock priced accordingly.