Three Tech Stocks More Than 30% Under Their Price Targets
Bret Jensen submits:Apple Inc. (AAPL) - Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication and media devices, and portable digital music players, as well as sells related software, services, peripherals, networking solutions, and third-party digital content and applications worldwide. The company sells its products worldwide through its online stores, retail stores, direct sales force, third-party wholesalers, resellers, and value-added resellers. In addition, it sells third-party Mac, iPhone, iPad, and iPod compatible products, including application software, printers, storage devices, speakers, headphones, and other accessories and peripherals through its online and retail stores; and digital content and applications through the iTunes Store. Valuation and Price Targets – Hard to believe this juggernaut sells at under 14 times this year's earnings and under 12 times 2012's consensus. Stripping out cash, AAPL sells at about 10 times next year's EPS. Apple has blown through earnings estimates for the last two years,Complete Story »
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