Quote from bwolinsky:
This is about as idiotic as you shorting goog. What you fail to realize is that this would be a ridiculously low multiple to cash, not book. You're talking about it going back to 2x cash value, and that'll never happen. You're also claiming Apple should be selling at less than 6x forward pe. <b><i><u> Do you understand how fucking stupid that is?</b></i></u>
Apple's at 12x forward pe, market's at 13 pe, so you want to sit here and tell me Apple shouldn't be at 20x? How naive.
If you wake up in the morning to pump your short, I can understand why you'd bet against them. But if you even took a peek at a balance sheet you'd realize how much of a moron you'd have to be to believe that.
Now, please tell me the last time there was ever a stock that'd sell for 2x cash and 6x forward pe, then do some research and backtest all of them with positive EPS. If you don't find the returns are enormous you don't know what you're doing or what you're talking about here.
Idioitic, very simply.