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Joined: 28 Dec 2005 Posts: 11966
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Posted: Sun Dec 23, 2018 10:15 am Post subject: AAPL Stock |
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AAPL Stock:
AAPL has lost $385 billion in market cap, since early October. The stock price is down over 35% in about three months from $233 to $150. AAPL is expected to earn about $13.50 a share in 2019, as earnings are expected to increase more than 10% a year over the next five years. So, 2019 P/E is slightly more than 11. Many analysts lowered their price targets from the mid-250s to the low-200s recently. AAPL, which has $163 billion in net cash will likely accelerate its stock repurchase program and more shares can be bought at lower prices. The dividend yield has increased to about 2%. Free cash flow is over $65 billion a year. I suspect, Warren Buffett is adding more shares too. AAPL shares outstanding fell from over 6.5 billion in 2013 to under 5 billion today or 23%. AAPL could go lower. However, that’s a buying opportunity. I think, it can snap back to 170 quickly. |
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