It has a dividend yield of over 3%, selling at cash adjusted six times earnings, the best balance sheet on the planet.
He thinks there are a couple of quarters that will be a lull until new products come out.
He does not think Apple should be valued this way.
His favorite pick is DirectTV (NASDAQ:DTV) which is returning capital to shareholders at a rapid rate.
He thinks it is undervalued because it hasn't attracted yield-hungry investors.