Originally Posted by Ruggles
I think it is and has been overpriced for a while. An I am a Apple nerd. This has been a long time coming IMO. They make world class stuff and are innovators unlike any others but not to the degree the stock is priced now IMO.
If memory serves Apple has ~900,000,000 shares outstanding. And by now maybe $150,000,000,000 in cash and near cash in the bank - mostly overseas I might add. The company by any sane metric is having one of the best years of any big company ever. I think a number of big players have equity positions in Apple and they are talking the stock down as hard as they can. Why? Because these guys love to own a stock and short it when the winds blow against a good stock. So they make money as it tanks. And they make money as the stock improves later on. I've done this myself in a tiny way.
I'm close to buying some more.
It'll be interesting to see what happens.