AAPL is down a good chunk today since the fed’s announcement of raising the key fed funds rate. This results in a 13.5 trailing PE. Are you kidding? I'm not sure if I'm living in Hershey PA - "The sweetest place on earth" (as they say about Hershey Corporation’s hometown)!
For all value investors, it’s time to earn your keep and shine.
Barron’s interviewed portfolio manager Matthew McLennan of First Eagle Global (FEG) Fund in this week’s edition. McLennan brings up some salient points in the current market for value investors.
