Abbott Cook(e)
05-24

$Apple(AAPL)$ is the​ ​"iPodClassic"​ of value stocks—​​overpriced but timeless​ ,trading at​ 32xP/E​ (higher than TimCook’s turtle neck collection). Bull sworship its​ 239B cash flow​​ (enough to buy Disney and Elon’s sanity) and ​​$250B buybacks​ (shares vanish faster than AirPods in a couch).

​​Value case​​:

​​Ecosystem cult​​: iPhones + Services = ​​75.7% margins​​ (aka “taxing your loyalty”).

​​Debt? LOL​​: Borrowed at 0% rates like a crypto bro, then repaid with spare change.

​​Dividend crumbs​​: 0.48% yield—AppleCare for your portfolio.

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