Cramer's Mad Money - The Apple Barometer (10/28/08) [View article]
"In spite of Appleās strong fundamentals, the stock is trading at a mere 15 points from its 52-week low: impressive considering its 40-50 multiple."
Really, Apple has a 40-50 multiple? Try 7. The PE multiple is 7 when you net out cash and that's a historical, money in the bank number. Not a multiple to 2010 estimates. I have to believe this is a typo. If not, very poor reporting SA.
Cramer's Mad Money - The Apple Barometer (10/28/08) [View article]
Really, Apple has a 40-50 multiple? Try 7. The PE multiple is 7 when you net out cash and that's a historical, money in the bank number. Not a multiple to 2010 estimates. I have to believe this is a typo. If not, very poor reporting SA.