29.10.2008 22:20 Uhr, Quelle: MacNN

Bernstein analyst pushes for Apple stock buyback

Apple should be using its massive cash reserve for a stock buyback, argues Toni Sacconaghi of Bernstein Research. The analyst notes that Apple stock is trading at approximately 15 to 18 times earnings -- an unusually low ratio for the company -- and it thus has the rare opportunity to create a substantial EPS payoff for investors. "Mathematically," says Sacconaghi, "share buybacks boost EPS only

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