Part 2/8:
Valuation Analysis: Is Apple Still Cheap?
In response to Icahn’s comments, investor Nathan Hamilton shared his insights on Apple's valuation. He recounted a personal investment strategy from two years ago, where he decided to buy more Apple shares if the company's earnings multiple dipped below nine. Currently trading just below ten times earnings, Apple is considered cheap compared to peers like IBM, Oracle, and Cisco, which are trading at multiples above twelve.