Tuesday, January 26, 2010
A look back at AAPL
Back when AAPL was trading at 80--they had $23 a share in cash, and net of cash it was 11X next year's estimates. When we were supposedly heading into Great Depression II.
Now AAPL has $53 in cash, and they'll earn $13 next year.
And yet we have these wags telling us they'll still sell AAPL?
Boy those bearish on AAPL really have proved their case, didn't they!
But you could do that with so many stocks, yet those touting a retest or a bigger correction can't make a bearish case for any single stock individually, but collectively, they can tell us the market is going to hell in a handbasket!
Until it doesn't!
Posted by Palmoni at 8:58 AM