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GAMCO's Larry Haverty Shares his Views on Apple's Stock

December 23, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
GAMCO's portfolio manager, Larry Haverty was on Bloomberg to discuss his views on Apple (AAPL) after the recent 20 percent decline from its high of ~ $705

Summary:

-- At 7x trailing cash flow, Apple (AAPL) is very attractive.

-- He thinks fears about subsidies getting reduced from major phone companies are overdone.

-- He thinks iPhone 5 will do exceptionally well in China. Those fears are overdone as well.

-- iPhone 5s are not selling well at AT&T; that fear is overdone and Haverty has visited stores that are out of stock on the phones.

-- Apple stock is so cheap and Apple has lot of cash.

-- Apple should seriously consider buying back their stock.

Credit and Source: Bloomberg

Here is the video:



About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 2.3/5 (6 votes)

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