Growth Is A Bitch - AVC
Dan Frommer writes that Apple's decade of blistering growth has, at least temporarily, come to a halt. And you can see that in the stock: Companies are worth a multiple of their earnings and th...
Source: AVC
Dan Frommer writes that Apple's decade of blistering growth has, at least temporarily, come to a halt. And you can see that in the stock: Companies are worth a multiple of their earnings and that multiple is directly related to earnings growth rates. When you are growing rapidly, you are worth more. But living forever […]