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Apple (AAPL)For six months analysts and investors have been trying to call the bottom of Apple, and now it may have finally been realized. On Friday, we received our first major sign that a turnaround might in fact occur. The stock, with its 2% gain, crossed its 50 day moving average for the first mulberry sale uk time since the beginning of October.
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The company trades at a forward P/E of 34.2, a price/sales of 8.80 and a price/book of 3.82. But average sales prices per mcfe have nearly halved since peak levels in 2008. While the company has successfully grown revenues since then, any return toward 2008 peaks could provide substantial upside to the stock price.
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