Re: Apple stock hits all-time high!
- From: Oxford <colalovesmacs@xxxxxxx>
- Date: Tue, 02 Oct 2007 21:51:09 -0600
JCrowe <bongofury@xxxxxxxxxxx> wrote:
It's all related. To see Apple shares
priced at $158 in late 2007 is a two-fold error in valuation. First of
all, the price to earnings ratio does not justify such a price and
second, $158 in late 2007 is not equivalent to $158 even in 2000. Do
the math. That said...I still think Apple towers over the likes of
Dell, HP etc as far as PCs go, in quality, design and software.
yes, it's all related but Apple doesn't sell houses and 40% of its sales
are overseas so they are buffered quite a bit from what the fed does.
the $158 is simply a run up to the predicted record $7 billion quarter.
p/e is a bad metric... i remember when apple had a p/e of 58 in 2002 or
so, and everyone said, oh, that's way overpriced. now it's at 45, and
it's priced fairly.
sure, the run up is tied to the coming earnings report, strong sales of
the iphone, ipod, and leopard coming up this month... but still it's a
steal if you want a solid long term investment. certainly smarter than
putting money in a house, car, or msft :)
.
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