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Alias Born | 11/08/2015 |
Thursday, December 31, 2015 6:50:39 AM
Apple can do everything and they have money to do it. The best employees, and great products! Now Apple with Cook in charge have to convince investors about the strategy as they convinced customers to use Apple products. They have to do something! As did Google with Alphabet! SBB is not everything but i think they do great job what will be seen in next 2 years. Not now though. So when the big mutual funds understand that is more logic to pay 10pe for growth company than 30pe for decelerating as MSFT will be a win.
As for the price - I simply don't believe Apple could hit the $160+ PT set out by many firms (FBR, Drexil hamilton, Goldman Sachs, Bream, Maxim) over the past few months. Using Marketbeat, the average comes in around $145 when averaging the past 2 months of price targets.
However, I'm willing to concede bearishness and believe the low end of the range, 120-125. At the very least, it's 10% from here. This feels like a temporary setback. If you sell Apple right now, you're just being reactionary and are playing into fear. Just wait and Apple will stabilize, as it's already doing today.
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