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Technology Stocks : Apple Inc.
AAPL 278.79-0.7%Dec 5 9:30 AM EST
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To: Bill Jackson who wrote (11185)4/14/1998 2:56:00 PM
From: Andon  Read Replies (3) of 213173
 
I felt that Apple would do better than .15?

Let's do a little math.
If Apple does as well each quarter then:
4 X 0.15 = 0.60

at the current price: 27.00/0.60 = 45 (P/E)

Looks like a real bargain!

What's the rule of thumb? Growth rate should be >= P/E

Let's see... is Apple growing at 45%/yr??? Duuhhhh.

I wanna be like Steve. I'll keep one share and take the stock certificate to use as toilet paper when they close the doors!
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