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It Appears That Icahn Is Right About Apple In One Regard

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Summary

  • Though Icahn has overly aggressive forecasts for Apple, he has one point that appears very accurate.
  • Icahn suggests mutual funds are under invested in Apple, but he has not made the case for funds actually having more cash to invest in the stock.
  • Apple's PE continues to inversely relate to the market cap.
After some very bullish media reports regarding demand for the new iPhone 6/6+, Apple (AAPL) has gone nowhere. Sure the overall volatility in the stock market hasn't helped since the much anticipated release of the new phones back in September, but it appears that Apple faces larger problems to obtaining a higher earnings multiple.

Read the full article at Seeking Alpha.


Disclosure: Long AAPL. Please review the disclaimer page for more details. 




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