AAPL: Wall Street Has Given Up On Apple, But You Shouldn't

Wall Street Has Given Up On Apple, But You Shouldn't
by Wall Street Wisdom

Wall Street has basically given up on Apple (AAPL).
The stock has tanked more than 40% from a peak of US$702 last September and is now trading at a price/earnings ratio of 9 times. That P/E ratio is well below the market average, which is about 15 times and contributes to a valuation so low, that it is generally awarded only to companies that Wall Street thinks are permanently hazardous. read more »

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