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February 07, 2013 at 09:01 AM EST
What's Apple Really Worth? Investor's Stress Test Offers an Answer
There's been a deficit of positive writing and reporting about Apple (NASDAQ:AAPL) in recent weeks. But that is changing. Yesterday the Financial Times interviewed Legg Mason manager Bill Miller who said that Apple is worth 50% more than its current price. Moreover he said that "Apple is much more like Nike (NYSE:NKE) a consumer brand with great loyalty ” than it is a phone or device maker like Nokia (NYSE:NOK) or BlackBerry (NASDAQ:BBRY). As news of the interview circulated yesterday morning excitement rose and by 10:30 a.m. the shares were up from $453 to $465 in a matter of ...
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