Apple stock falls under $90
Posted by Dennis Sellers 
Oct 6, 2008 at 3:40pm
As of 12:55 pm (Eastern), Apple is down eight percent and trading around $89, more than 50% off its high.
The stock’s trailing P/E ratio is now 17X—still above the market’s, but low for a stock with this wide and passionate a following and a still-solid growth story,” notes Silicon Valley Insider. “Thanks to the iPhone’s attractive cash-flow characteristics, moreover, the stock is now trading at just over 10X trailing free cash flow after factoring out the company’s cash balance.”
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Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 4,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
