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>> APPLE Latest News

JAN 29, 2013 - Business Insider

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Apple's Stock Looks Cheap

Apple stock has tanked 35% from its all-time high, and now sits at $450. If things go badly for Apple over the next several years, the stock could fall a lot farther from here. But if things go even moderately well, the stock should deliver a compelling return. Why? Because, at $450, the stock looks cheap. At $450, Apple stock is trading at 10X trailing earnings per share. For a company that is still expected to grow, albeit at a much reduced rate, that's an attractive valuation. Importantly, Apple also has $135 billion of cash and no debt. Much of this cash is available to be returned to ... Read More

Tags: Apple's Stock Looks Cheap,  Apple Latest News