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Professor Damodaran Thinks Apple Is Worth $600 Per Share
Posted by: CanadianValue (IP Logged)
Date: February 5, 2013 04:52PM
- He thinks Apple (AAPL) is worth a lot more than $450 per share.
- He sold Apple eight months ago because he felt most investors at that time were holding Apple only because of the momentum of the share price.
- Damodaran thinks that at the current share price Apple is being priced for no growth.
- His target is $600 per share.
- Value investors buy when it feels uncomfortable and sell when things don't feel so good.
Stocks Discussed: AAPL,