03-23-2006, 07:39 PM
P/E of 32 or so at the moment. Back out $10/share of cash on hand and the P/E drops to 27. It'd be hard for APPL to maintain a 27% growth in profits (average estimate for next year is 18%) without some new source of revenue.
Throw in the dilution caused by a tremendous amount of stock options granted (see a later thread where The Leader just sold 4.5 million shares) and the problems get worse.
I love the products, but the stock price doesn't jibe with the numbers. I sold off half my AAPL at $70 (on the way down). I'm not getting back in for a while.
Throw in the dilution caused by a tremendous amount of stock options granted (see a later thread where The Leader just sold 4.5 million shares) and the problems get worse.
I love the products, but the stock price doesn't jibe with the numbers. I sold off half my AAPL at $70 (on the way down). I'm not getting back in for a while.