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Technology Stocks : Apple Inc.
AAPL 268.90+0.5%9:42 AM EST

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From: rnsmth9/11/2010 4:49:05 PM
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AAPL set to pop 15% over next two months - Dawn Trader

twilightjunction.blogspot.com

Overview

At Friday's closing price of $263.41 AAPL is trading at a pr-ice-earnings multiple of just under 20 times trailing 12-month earnings. Considering the company's huge cash position, 50% revenue growth this fiscal year and an anticipated 65% growth in earnings per share, Friday's closing price represents a deep discount to the company's current rates of growth.

and much later in the blog post

We are at the threshold of a major move higher in AAPL without an expansion of the nominal price-earnings multiple due to continued strong revenue and earnings growth for Apple. The current median price target of analysts for AAPL is $343 per share. The median target will rise significantly over the next several weeks as analysts revise their estimates following release of fiscal fourth quarter and fiscal year 2010 results.
The next two months may represent an opportunity to capture as much as a 15% move higher in AAPL, creating an excellent opportunity for investors. The move higher does not involve an expansion of Apple's price-earnings multiple from the current 20 times trailing 12-month earnings.

Robert Paul Leitao
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