August 12, 2009

Buy, Buy, Buy!

I'm no stock analyst but this guy seems to be saying that even at $160+ per share, AAPL is still cheap:

On a non-GAAP basis ex-cash, Apple is trading at less than 15x trailing EPS. Considering the economy has been going through the worst economic downtown since the Great Depression, Apple's trailing earnings are depressed.

Looking at the many remarkable achievements by Apple any the many stumbles by competitors, it can be argued that AAPL deserves a premium multiple, not a multiple reflective of ordinary growth.