Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ChinuSFO who wrote (149039)	1/24/2013 10:00:27 AM
From: Keith Feral	Respond to of 213173

PC stocks like HPQ bottomed hard right after last quarter's earnings. I think the hard landing in Apple this morning makes for a bottom right after earnings this quarter too. The market is determined to get Apple back to a price level where it works. 10 PE for this year with 2.3% yield is a great valuation, especially when the $137 billion in cash is factored in. That probably reduces the PE to about 6 for this year. Apple now has plenty of time to sit back to decide what to do with dividends and buybacks this year. If Apple was remotely overvalued yesterday at $500, it's now at a great support level from last years breakout. Earnings for next quarter are definitely now priced in the stock.