Analyst: Apple is the most under-appreciated stock in the world

12 Comments

  1. Michael Thompson said:

    Undeniably when you use all available metrics to quantify Apple’s value, Brian White can not be argued with.

    The best part for long-term shareholders (decades), is that we will gain every dollar of value that we deserve, at some future time.

    “…In the long run, the market is a weighing machine.” -Benjamin Graham.

    No one weighs as much as Apple and it’s not close.

    4
    August 11, 2018
    • Fred Stein said:

      Agree.

      To test Brian’s $275 PT: Could one borrow $1.375T at 3% interest and take the company private? Yes, and have over $100B of cash. The scenario is pure fiction, just a test of valuation.

      1
      August 11, 2018
  2. Something we may be over looking is incentive. For the past several (7?) years AAPL has gone up, on average, 25% per year. It doesn’t matter the degree to which the market values the equity as long as it reliably appreciates at 25% per year. Right now AAPL is up ~30% YoY. Inflation has been running at less than 2% for about 10 years. Poke me in the eye with a sharp stick.

    4
    August 11, 2018
  3. Fred Stein said:

    Gregg, I’d rather pat you the back.

    Per Yahoo Finance aggregating analysts Apple next five year CAGR is12.78%. They’re conservative w.r.t Apple. That says AAPL owners have the benefit of it being discounted and having long term growth. That’s a rare combo. But just another day for AAPL.Brian White called it.

    0
    August 11, 2018

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