Why Apple Is A 'Cheap Stock'

Morris Mark, president of Mark Asset Management, appeared on Bloomberg West last night to discuss Apple’s huge stock run. In case you missed it, Apple is now a $500 billion company.

We have the video embedded below, but here’s the key quote:

“Our general view is that it’s a cheap stock.” 

He also credits Apple’s success to its excellent products and service, especially in the mobile space. (iPad, iPhone, and iCloud).

Watch:

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