Bernstein's Toni Sacconaghi, who trumpeted Apple's (AAPL -2.5%) low valuation on Monday, today...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Bernstein's Toni Sacconaghi, who trumpeted Apple's (AAPL -2.5%) low valuation on Monday, today suggests part of the problem is Apple's investor base features few value investors, as demonstrated by a mutual fund survey. He thinks a dividend would do much to bring value investors on board, and notes Apple could deliver a 5% yield while still holding onto half its free cash flow (tax issues notwithstanding).