but you cannot ignore the fact that they are trading 4x CASH!!!
unless there is a major decline in sales or the bottom line, this should stay above $400
the only way i see this going under $400 any time soon is if the market corrects 5-10%, but in saying that, how do you think AAPL ran to $700?? it was a crowded trade and a "safe haven" while the market was in turbulence and uncertainty. Now, there is plenty of uncertainty out there, but AAPL is no longer that safety net play. however, with a $10 divy and so much cash on hand, after a huge fall from $700 to where we are today, this stock is IMO is a BUY
might not be a growth story, but if it is the next MSFT, nothing wrong with that, stability + quarterly dividends
can always increase payouts or buy back shares or buy other companies with $100,000,000,000 in cash, just think about that number for a while
$100B/$90 a share XOM = 1,000,000,000 shares of Exxon Mobile which would equal over $2B in dividends a year
$100B/$200 (IBM)-or 500,000,000 shares of IBM
i think you get the point no,maybe not
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