Apple is now priced as if it is projected to have negative growthGuest Post
Apple: It's all about the valuation by Dr. Brad Cornell
Apple is now priced as if it is projected to have negative growth. Using a discount rate of 9%, which is probably high, if Apple can maintain its current earnings, the value per share comes to $102. But that ignores net cash. Apple has net cash of about $26 per share. That brings the total value to $128. Not an Ichan like number, but still a good deal more than the market price of $110. This implies that the market . . .
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