Tuesday, December 23, 2008

Apple - Hold @ 86.38 USD


If I had to comment on Apple, I would say this:
  • The stock took a small beating like other stocks at the end of September (128ish to 105ish)
  • But this company is a very established tech company and trades as such
  • iPhone sales will be strong but not overwhelmingly surprising
  • Stock is priced about where it should be (I'd think that in the current economic climate a P/E of 14 to 17 is appropriate for Apple and it's trading at 16ish)
  • I'd rate this stock a "Hold"

No comments: