The $2.7 Trillion Question About Apple
CNBC's "Fast Money"
00:00
Apple Is in a Name That Got Cut in Half?
The only things that have not broken yet are apple, agogle and microsof. And i think that happens, that has to happen before this market bottoms, in my opinion. It's odd in this environment that when apple was a growth stock, five, six, seven years ago, it was trading at a value stock multiple 13 times. Now that it is a value stock, it's it 27 times. It should trade, maybe not a market multiple, but an 20 multiple. That, to me, is the right price for apple.
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