No-Growth Apple Is Worth $600 Per Share
by Philip Mause
Apple (AAPL) has had a rough time lately, closing Friday at $439.88, a price nearly 40% below its recent high and only a bit more than three times balance sheet cash. The rap on AAPL seems to be that its days as a "growth stock" may be over and that it may be about to join Microsoft (MSFT) and Cisco (CSCO) in the ranks of mature tech companies stuck at low multiples. read more »
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