3 ms·
I'm more curious about the cause of the steep walled canyon of P/E lousiness from mid-October of '08 that lasted almost exactly a year.
by KaeseEs 16y ago
I'm more curious about the cause of the steep walled canyon of P/E lousiness from mid-October of '08 that lasted almost exactly a year.
- gbhn 16y agoThe article discusses this: it was the earnings collapse of the rest of the S&P500 during the deep recession. This collapse didn't hurt Apple proportionately, but since their stock dropped off quite a bit despite that, their P/E was way down relative to the rest of the S&P500. (3x cash on hand at one point, the author says, which is pretty crazy)