MacDailyNews: Should Apple Inc. be a $1,000, even $3,000, stock?

MacDailyNews Apple and Mac News // via fulltextrssfeed.com

Should Apple Inc. be a $1,000, even $3,000, stock? Nov 18th 2011, 20:29 Nov 18, 2011 - 04:09 PM EST — AAPL: 375.13 (-2.28, -0.6%) | NASDAQ: 2572.50 (-15.49, -0.6%) Friday, November 18, 2011 · 3:29 pm · 3 Comments "Looking at how Apple (AAPL) has been trading lately, I'm amazed at how little Wall Street seems to value this stock – compared to say Amazon.com (AMZN)," Richard Bloch writes for Seeking Alpha. "So what if Apple traded at Amazon's multiple?" Bloch wonders. "Based on earnings and operating income, Apple would be a $3,000 stock if it traded as richly as Amazon," Bloch writes. "I'm not silly enough to suggest that Apple really should be a $3,000 stock, but perhaps $1,000? The stock once commanded a multiple of more than 30. If it ever does again, $1,000 would certainly be within reach." Read more in the full article here. [Thanks to MacDailyNews Reader "Arline M." for the heads up.] Categories: News Tags: aapl, finance, nasdaq, stock, stock market

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions