Apple: Valuation Stretched Like A Rubber Band

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About: Apple Inc. (AAPL)
by: Trapping Value
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Trapping Value
Deep Value, special situations, REITs, dividend investing
Summary

Apple has had a fantastic 2019, and the stock powered the US stock market indices higher.

Valuation is stretched on every measure, and the 8% revenue growth for next year will not cut it to support the stock price.

We would sell now and wait for the boat to get more balanced before repurchasing.

The boat rarely stays balanced. It seems just like yesterday (actually it was 12 months back) that every analyst was cutting their price target on the beloved Apple Inc. (AAPL). Today, the street