Andy Zaky: ‘Why Apple Shares Are Dirt Cheap’

Sharp piece by Andy Zaky on Apple’s finances and stock price. He expects a big move:

In fact, it is very likely that Apple will have more cash than its current market capitalization in less than five years. Once Wall Street begins to catch on to this reality, Apple shares should see a major upside correction. And this is precisely why Apple shouldn’t trade below a 20 P/E ratio over the next several years.

★ Tuesday, 19 April 2011