January 24, 2013 at 10:10 AM EST
Is Apple a Value Trap?
Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter. Value Trap: A stock appears cheap when it trades at a low earnings multiple for an extended period of time. Investors looking for a bargain are "trapped" after they buy the company at a (perceived) low price and the "E" in P/E declines or is forecast to slow. A little bit more than a month ago Minyanville's Lloyd Khaner flagged Apple (NASDAQ:AAPL) as a stock that was shifting from a growth story into the value camp (if this theme seems familiar it's because ...
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