The Mac Professional's Resource
Yesterday, we told you it would be silly to get your panties in a bunch over Apple’s financials. Unfortunately, a lot of investors failed to heed our advice and Apple continued its free fall in after hours trading after the Fiscal Year 2008 First Quarter conference call results. It now seems like it is en vogue to dump on Apple for the slightly less than rosy outlook they gave for Q2, but some people out there are seeing through the madness. BusinessWeek wonders if if investors are being unfair to Apple and many analysts still list AAPL as a “buy”.
While the “herky jerky” types are going to be upset that iPod growth isn’t in line with expectations, one analyst sums things up perfectly: “I think this is an outrageous buying opportunity. It’s not a cheap stock, but you’re getting a company that can grow at 25% a year for who knows how many years, at 25 times earnings. To me, that’s a steal—recession or no recession.“.
— Joe Fahs
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