Made me look at a chart. $70 is very possible.
The cult is saddened.
Speaking for myself, I'm ecstatic. I sold a bunch of Apple shares last year to buy my new house. Now I can buy those shares back at a discount price and ride them back up again.
At $70, it would be less than 8 times this year’s earnings, and about 7 times next year’s estimated earnings. Its dividend would be 3% with a payout ratio of 22%.
That looks like a quite attractive stock, even if earnings don’t increase.