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Apple: Best Tasting Bear Ever?

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  • Apple trades down to correction territory with a loss in excess of 20%.
  • The data points don't suggest Apple has any growth problems in China.
  • With an enterprise value drop of nearly 30%, Apple is extremely tasty at below 9x EPS estimates.
The big shock in the market selloff is that Apple (NASDAQ:AAPL) had already reached bear market territory before the dramatic selloff at the open on Monday. Like other tech stocks, Apple has been hard hit by fears of a slowdown in China. The reality though suggests that the fears are overblown making the stock collapse perplexing.

Read the full article on Seeking Alpha.


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

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