AAPL Hits All-Time High, AAPL Valuation Metrics, Observations on Big Tech Valuation
Today's Above Avalon Daily email contains the following stories:
AAPL Hits All-Time High
AAPL Valuation Metrics
Observations on Big Tech Valuation
We begin today’s update with my thoughts on AAPL shares hitting all-time highs. The discussion will then turn to an examination of AAPL valuation metrics (forward P/E, EV/FCF, and free cash flow yield). In addition to looking at Apple’s valuation metrics, there is value found in taking a broader look at how Big Tech is trading from a valuation perspective. We will keep our focus to free cash flow / enterprise value. While there may not be one gold standard valuation metric that all market participants prioritize, free cash flow remains my go-to metric. The data removes much of the noise that is found with income statement line items.
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Buffett Continues to Add to Apple Stake, AAPL Valuation Update, Peloton Raises Prices and Announces Intention to Close Stores (Finally)
Today's Above Avalon daily update includes the following stories:
Buffett Continues to Add to Apple Stake
AAPL Valuation Update
Peloton Raises Prices and Announces Intention to Close Stores (Finally)
We kick things off with Neil’s thoughts on news of Warren Buffett continuing to increase his Apple stake. The discussion then shifts to a broader examination of Apple’s current valuation metrics based on both earnings and free cash flow. We conclude with why Neil thinks Peloton is actually making some right choices in its ongoing quest to cut costs and find sustainability.
Above Avalon membership is required to read this daily update. Members can read the update here.
Above Avalon Membership
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The cornerstone of Above Avalon membership is access to Neil’s exclusive daily updates about Apple. Daily updates are 2,000 words and sent via email Monday through Thursday. Updates revolve around the following topics:
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