Quote:
Originally Posted by McLovin
Well, I've been buying it, so that's pretty much the death knell for the company.
|
Ha yeah I have been thinking the same thing.
On relative terms versus buying the S&P Apple is looking awfully cheap.
Apple:
Forward P/E = 8.8 (Yahoo Finance)
Forecasted Growth = 10.44% (Nasdaq website)
S&P 500:
Forward P/E = 13
Forecast Growth = 6.8%
The S&P numbers came from this factset report dated 1/11/13:
http://www.factset.com/websitefiles/PDFs/earningsinsight/earningsinsight_1.11.13
But anytime I start to use logic like that I get myself in trouble.