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re: Steve Jobs steps down temporarilly for health reasons

Posted on 1/15/09 at 10:52 am to
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 1/15/09 at 10:52 am to
yeah, it's probably been priced in pretty well.
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15367 posts
Posted on 1/15/09 at 8:59 pm to
Yeah, all told apple's now down about 2%. I still think it's overpriced.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26745 posts
Posted on 1/15/09 at 10:25 pm to
Based on what, Forward P/E, price-book?
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15367 posts
Posted on 1/16/09 at 11:19 am to
Nope. Based on anecdotal evidence. I know several people out here (CA, so the center of Applemania) who know zero about stocks or investing but who have put several thousand in Apple and Google because, as one told me, "They make good stuff and I don't think people are going to just stop using iPods."

In other words, I think retail investors are far more likely to invest in companies they've heard of, use the products, and have the name cache that Apple and Google do.
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