Oh SNAP!
MRKT Matrix
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Apple Is an Expensive Stock
Apple was initiated with $199 price target today at Goldman Sachs. Apple over the last seven years or so has probably had half a dozen 30 to 45% peak to trough decline. The stock made a new 52 week low below its October lows. This is a $2.5 trillion market cap company. They have bought back since 2012 when Tim Cook came in and instituted a buyback and a dividend, they bought back over a half a trillion dollars worth of stock. Their earnings growth hasn't been greater than 10% for too many of those years.
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