Leon Cooperman: $AAPL Has Far More Upside [VIDEO]

Leon Cooperman: $AAPL Has Far More Upside [VIDEO]
Leon Cooperman photo (CC BY-ND 2.0) Insider Monkey

Leon Cooperman: $AAPL Has Far More Upside [VIDEO]


The iPhone maker looks to outperform the market over the next few years, Leon Cooperman of Omega Advisors says.

Dan Sundheim Founder Of D1 At Sohn 2021 On His Favorite Stock

Jeffrey Aronson Crossroads CapitalAt this year's Sohn Investment Conference, Dan Sundheim, the founder and CIO of D1 Capital Partners, spoke with John Collison, the co-founder of Stripe. Q1 2021 hedge fund letters, conferences and more D1 manages $20 billion. Of this, $10 billion is invested in fast-growing private businesses such as Stripe. Stripe is currently valued at around Read More

let’s start with apple. it is your top pick. it has been a winner. it is much loved from all of the hedges or at least most of them. are you as supportive here of the stock as you have been all along the way? it is not our largest position by far. we have been in it for quite a while and i think barry stewart, my partner right on, i have to step back and explain what we do. we’re a value-based investor, so essentially a value-based investor tries to do is get more for less, and so to give you a statistical rundown if i will on the s&p, you buy the s&p, you’re buying an index growing about 6% a year. a dividend yield is about 2% on average, and a little over two times book value. the debt is about 35% of capital and earnings around 15 or 16% return on shareholders equity, and for the statistic, for a company with those statistics, you’re paying on average around 13, 13.5 times earnings. what we try to do is find more for less. a company growing more rapidly at a lower multiple, yielding more in the market, having more asset value than the market, and that’s kind of our game. you look at apple, and based on our earnings estimate it is less than 13 times next year’s earning, yielding under 2% and we think grows 15% so growing substantially more than the market and discount to the market multiple and slightly lower than market yield. so that would be an example and maybe 2.5, close to 3% upward flow at the present time.

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