With Apple trading about $8 per share lower than the 52 week high it reached not too long ago, I view this as an excellent entry point. I must note that I am long AAPL.
The fact remains that Apple pays a generous dividend for being a high growth tech company, and it has the earnings to support this current valuation along with a higher one.
Many felt that when it split, that it would be hard to surpass the price per share it had then. The split has brought new investors to the table apparently, as the price per share is much more reasonable. Also, when comparing the price per share to that of Amazon or Google, it still is very affordable.
The fact remains that Apple pays a generous dividend for being a high growth tech company, and it has the earnings to support this current valuation along with a higher one.
Many felt that when it split, that it would be hard to surpass the price per share it had then. The split has brought new investors to the table apparently, as the price per share is much more reasonable. Also, when comparing the price per share to that of Amazon or Google, it still is very affordable.
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