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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (127907)	3/15/2012 3:02:30 PM
From: Cogito	1 Recommendation Respond to of 213172

>>This Chart Of Apple Looks Exactly Like Google Did Right Before The Economy Completely Melted Down << I saw that article, and I can't for the life of me figure out why Kass thinks the correlation is meaningful. Google and Apple are very different companies, in different businesses, with very little overlap. Apple makes a lot more money and has much better earnings growth. It's the earnings growth that is driving the increase in Apple's share price, now that worries over what would happen to the company in the event of Steve Jobs death have been eliminated. There's a lot of hype about Apple and its stock now, but there are also some solid fundamentals. If the economy completely melts down again, that will certainly affect Apple and its stock, though I note that the company actually did quite well throughout the economic crisis of 2008-9. If the economy continues to slowly recover, Apple and its stock will most likely continue to do very, very well.

To: elmatador who wrote (127907)	3/15/2012 3:09:26 PM
From: Mannie	Respond to of 213172

what was Google's P/E @ that point? Apple is around 15.....interested to see how this plays out.

To: elmatador who wrote (127907)	3/15/2012 3:14:27 PM
From: Henry J Costanzo	4 Recommendations Read Replies (1) \| Respond to of 213172

Is that the same Kass guy who advised shorting all banks just before their sharp upturn over the past few days ??

To: elmatador who wrote (127907)	3/15/2012 3:28:58 PM
From: Doren	2 Recommendations Read Replies (1) \| Respond to of 213172

> This Chart Of Apple Looks Exactly Like Google Not Quite. As you can see Goog had a P/E around 60 whereas Apple's P/E is much lower. Googs current P/E according to Yahoo is 21 while Apples current P/E is 17 plus Apple has 100 billion or so in the bank so its real P/E is considerably lower. 5 years Goog (Goog had such a high p/e after IPOing that the 10 yr chart doesn't show this data well) 10 years Apple