Thursday, March 28, 2024 Checked 1:05 PM; Last Updated 11:35 AM CDT; 16:35 GMT
Talking Heads Discussion
May 8, 2012 Headline: "Apple: 'If Only It Were Cheaper'"" [""Let's ignore the fact that Apple hasn't been 'expensive' for a long time. Apple hit a 52 week high of $644 on April 10, 2012. Since then shares have fallen more than 12% to $565.25. At its high, Apple traded for 13.76 times estimated 2012 earnings. That ratio has now fallen to 12.08. Yet still, my investing friends aren't buying Apple. Fear has taken over. 'What if Apple falls more?' Given that it's nearly impossible to time the bottom of a stock, it could. That still shouldn't engender such fearful emotions. Allow me the attempt to instill some confidence.""] The Motley Fool