Apple stock peaks on Monday for 2023!?

Probe & Press or Probe & Punt?

$AAPL peaks Monday for 2023!?!?!

Probe & Press or Probe & Punt?

Here is the set-up:

1)      Your stock is up 39.2% year to date.

2)      Your P/E is 30.35 times 2023 earnings.

3)      You are buying back stock at 30x EPS or a 3% earnings yield which is non accretive to EPS and you could invest your massive FCF in 5% T Bills.

4)      Your own stock now is a measly 3.6% FCF yield.

5)      You sell expensive consumer electronics that have seen few material reasons to upgrade (a better camera, etc) in an environment where other consumer-facing companies are saying demand is weakening.