Apple’s Future Depends on Leaping Hurdles, Not Earnings
The burning question seems to be, “Why is Apple (AAPL) selling at such a low valuation?” Just try to find another company with Apple’s creative, development, business and financial success that has sold at 12 times its forecast earnings. This high 8.3% earnings yield is typically awarded to growth sluggards or income stocks.
Is the problem that Apple’s earnings are simply too high? That’s highly doubtful, for three reasons.
This article is posted on SeekingAlpha.com
