Bill Miller Says Apple (AAPL) Could Be Worth 50% More
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Famed mutual fund manager Bill Miller is out making the case for Apple (Nasdaq: AAPL).
In an FT interview the Legg Mason fund manager said Apple could be worth 50% more if it were to keep its $137 billion on balance sheet and just put future free cash flows into dividends. "That alone would put the stock up close to 50 per cent," he said.
In Miller's opinion, "Apple is much more like Nike, a consumer brand with great loyalty."
After having a rocky few years, Miller's fund was the top performing last year, returning 40%.
Link to FT Article
In an FT interview the Legg Mason fund manager said Apple could be worth 50% more if it were to keep its $137 billion on balance sheet and just put future free cash flows into dividends. "That alone would put the stock up close to 50 per cent," he said.
In Miller's opinion, "Apple is much more like Nike, a consumer brand with great loyalty."
After having a rocky few years, Miller's fund was the top performing last year, returning 40%.
Link to FT Article
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