Warren Buffet just have a narrow escape with Apple. Six months ago he was probably sweating in his pants and he played a deceiving game by stopping to announce his holding of Apple every month in order not to panic investors while reducing. From here onward he will quickly sell the rest of Apples before it collapse by 70%. Apple does not deserve PE of over 20 X. It's business outlook is only good for PE of 5 which means the share price should drop to $50.
What Buffett's Huge Apple Sale Really Means
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.
