Apple Inc back above $600
Submitted by Stockmaster3 on Tue, 07/31/2012 - 16:22
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Apple Inc (AAPL) shares are within 6% of its respective 52-week high today.
Apple is at $608 a share which still carries a great P/E Ratio of 14 and EPS of 42.5. Apple has to break past $644 to hit a new 52-week high.
The Powers-that-be point to Cirrus Logic's guidance and comments from Bernstein. Bernstein claims that Apple Inc. may be considering a stock split in order to get included in the Dow Jones Ind. Average.
That would be great for many able enthusiasts waiting to buy into the company for a lower share price. Should that happen expect even more interest in the stock but for now its just speculation.
MASTERY Bottom line:
To bet against Apple has proved to be a losing bet. If you can't bet em', join em'.
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