February 27, 2008
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RELATED TICKERS: AAPL
I dropped AAPL after it fell from $133 to below $120. It seems to have turned back up now, hoping to catch the bounce, so added it back to my CAPS portfolio.
Poor Garmin still gettin' no love, though.
I think both companies are poised for a rebound, but GRMN could see a return to loftier numbers sooner. Their P/E is still a respectable 15.7, just more than half the industry average. AAPL is sitting at 27.0.
Obviously, P/E is not the sole indicator, and both companies have no long-term debt, but GRMN seems to be in a better position to find their way back more quickly.
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