Tepper Maintaining Small Apple (AAPL) Stake, Calls 'Cheap'
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Price: $283.78 +3.14%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
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On CNBC, David Tepper says Apple (NASDAQ: AAPL) is cheap but has China exposure. He is maintaining his position which is not that big (less than 0.75% of book). He said the stock will always have a lower multiple because it is a device company that can be replaced by consumers.
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