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Apple Remains Overvalued, Despite Its Gadget Glory
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From Apple's latest 10K:
Accounts payable Sept 26, 2009: $ 5,601, Sept 27, 2008: $ 5,520
Given how much Apple's business has grown in the last 12 months, they must be paying more promptly, not less.
(am long on aapl)
Nov 05 14:42 pm
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Apple Remains Overvalued, Despite Its Gadget Glory [View article]
Accounts payable Sept 26, 2009: $ 5,601, Sept 27, 2008: $ 5,520
Given how much Apple's business has grown in the last 12 months, they must be paying more promptly, not less.
(am long on aapl)