Value investor Whitney George says Apple stock worth $200


Longtime value investor Whitney George believes Apple’s market capitalization is worth at least $1 trillion.

In an exclusive interview for CNBC PRO
with Mike Santoli, Whitney said that the iPhone maker’s stock remains “remarkably inexpensive.”

“Apple to me is still worth $200 at a minimum, and that’s assuming flat operating income for the next couple of years,” Whitney explained, adding that its strong balance sheet and cash hoard make the technology company more attractive than many realize.

“I started buying Apple for myself the day after Steve Jobs died. That was kind of the scary moment that created a valuation opportunity and have held it ever since,” he added.

Source link

Products You May Like

Articles You May Like

Tesla is near the top of list of stocks that Wall Street is most confused about
Sanctioned tycoon Deripaska resigns as director of his firm Rusal
Lowe’s same-store sales miss estimates
Wall Street exec backs train service for mini trips
49 ways to sell your old stuff for the most money

Leave a Reply

Your email address will not be published. Required fields are marked *