Quoted from PinlordMarc:PE ratio is too high at the current levels (and even your desired price of $110). It's a consumer goods company that has already sold to the entire world. Or are you a big believer in the future sales of the "Apple Car" they are currently pursuing?
It allways make me smile when people say AAPL pe is to high currently 31.5 hell there profit margin is higher than that . Its only up $7.27 a share on the year with the last to earnings reports blowing out all expectations . Its set up like a compressed coil spring . What seems to hold it down is market valuation of 2 1/3 trillon . Which is mind blowing just makes you wonder how can it keep going up . Put 65k in it 20 years ago now sitten on 9300 shares so needless to say im a big fan of this fruit company