AAPL: part the latest
I have written extensively in this space about AAPL, including some SWOT-style analyses and an occasional value pitch.
I won't recapitulate that; none of my basic ideas have changed. I wanted my constant readers to know that I have a limit order to buy AAPL stock in at $498. The figure represents a 15% margin of safety for a scenario that I would describe as 'worst business case' over the next 2 years. That's a little shorter time frame than my usual pitch, which is why I'm specifying.
Worst business case means things that happen in the normal ebb and flow of business operations - new product launches, supply chain hiccups, etc. If a tac nuke hits Cupertino during normal business hours, or there were significant legislative or regulatory changes that were drastically unfavorable to Apple, those types of things aren't factored in.
Those of you who do math in your head will realize that I am saying AAPL is about fairly valued today in my worst-case analysis.