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January 21st 2008 - "Apple"

posted 01/21/08 03:46 PM | Viewed 162 times
Got a comment on the last blog about AAPL's high PE and a better high PE stock to own, GOOG. As I said I think AAPL is not a stock to "trade" right now, but to own for the long term. I feel the same about GOOG. An Online Exclusive article in Barrons on 1/16 makes a bullish case for AAPL with some of the following data: The iPhone is 1% of the world market share for cell phones. PE is now 25 times forward earnings - citing Thomson Financial Mac sale are expected to rise 25% this year vs. 11.6% for the PC industry as a whole. Mac computers were 6.1% of PC sales in the 4th quarter of last year up 28% from the year before. An expectation of $8-9 cash flow per share in 2009 would put the PE ratio that far out at 17, based on a share price now of ~160. So if the US markets follow the rest of the world, we're in for a rough day tomorrow...

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lumburg

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Facilities and Production Manager at a Microbrewery
Age: 30's
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lumburg
Posted January 23, 2008 (11:35PM)

Now the P/E is even lower.  Dig through that bargain bin boy!

 

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darylrs

Member since: Jun 07
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darylrs
Posted January 24, 2008 (08:21PM)
You bet! It's a great opportunity to buy AAPL, especially for a retirement account. Ask a 12 year old what computer they would buy...
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