Re: Apple stock hits all-time high!

Oxford wrote:
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 :)

Possibly. JCrowe is absolutely correct tho. The price of food is going up and up. And it effects everybody. As the dollar goes down gas will go up. This also affects everybody and Apple is not immune to these inflationary prices. All it does is eat away at their profits indirectly.
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