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Technology Stocks : Apple Inc.
AAPL 269.06-0.5%Nov 3 3:59 PM EST

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To: XoFruitCake who wrote (132545)4/30/2012 12:10:28 PM
From: slacker7117 Recommendations  Read Replies (2) of 213172
 
It reinforce the idea that Apple is a cyclical company instead of a growth company and does not deserve a premium P/E mulitiple.

Apple doesnt have a premium PE and it doesnt need one for the stock to get good returns. I think most investors will be happy if returns match earnings growth going forward....and that scenario gives a declining PE ex-cash as the balance sheet continues to balloon.

Slacker
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