$Apple(AAPL)$
Why should financial engineering such as oversized buybacks be justification for an irrational multiple relative to earnings and earnings growth forecasts? Who can provide justification for a stock price move from $165 to current levels where AAPL shows no meaningful earnings growth?
Don’t earnings and earnings growth prospects ultimately matter in determining reasonableness of a stock price?
PS: I am not short the stock but do hold some put ratio spreads for 8/2 to reflect 8/1 earnings report on a small out of pocket cost basis. Good luck to all but be careful.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
![empty](https://c1.itigergrowtha.com/community/assets/media/empty-ttm.696c40cf.png)