Goldman says Apple’s stock is a relative bargain

Apple Earnings Analysis Q4 2012

At more than $600 a share, Apple’s (AAPL) stock may not seem like a bargain to a lot of people. But Goldman Sachs analyst Bill Shope says that anyone with some cash to spare should consider plucking up Apple shares right now because they won’t stay this low for much longer. Per Business Insider, Shope sent out a note to investors on Monday making the case that Apple’s stock has been “oversold” and said that “the best time to buy Apple’s stock is amid periods of supply-centric concerns, and this time is no different.” Apple’s share price has dropped more than 13% since reaching its all-time high on September 21st.

Source:
Business Insider
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