At $260, Apple's stock price has more than doubled in a year. Amateur investors say, "It's going up." Present tense. Serious investors say, more accurately: "It has gone up." Past tense. No one knows the future. And the more it rises, the less attractive it gets. It's now 20 times annual cash flow and 5 and a half times annual sales. At $235 billion, the company is being valued at more than Sony (NYSE: SNE - News), Research In Motion (NasdaqGS: RIMM - News), Dell (NasdaqGS: DELL - News), Motorola (NYSE: MOT - News), Nokia, HTC (Taiwan 2498.TW - News), SanDisk (NasdaqGS: SNDK - News) and Palm ... put together. That assumes a lot.
Would it be a good idea to invest into Apple stock right now?
- Thread starter David
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