One useful tool to track for Apple is the cash adjusted P/E. The Google sheet below downloads the necessary material and performs the calculation. Currently, the tool shows that the cash adjusted P/E is less than six. The only major American company that comes close to this level is Citi – a bank still trying to recover from the past financial crisis and fear of the next. Now as I have noted in this blog, Apple does face some headwinds, but a cash adjusted P/E of less than six is indicative of a hurricane. This makes the number worth following.
Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More