Apple Gains amid Reports of being Grossly Undervalued – AAPL & LM

Northern, WI 02/07/2013 (wallstreetpr) – Bill Miller, a fund manager at Legg Mason Inc. (NYSE:LM) had said that the Apple Inc. (NASDAQ:AAPL) shares are undervalued. This was enough for the shares to rally in late-morning trading.

The stock rose by 1.9%. All in all Apple Inc. (NASDAQ:AAPL) shares have declined 14% this year.

As it faces stiff competition from Samsung Electronics Co., its sales and profit margins have dropped. Rising investor concerns have dropped its value to a third of the record Sept. 19 figure. Along with Miller’s statement, traders speculate that the shareholders might get more cash.

Brian White, an analyst said, “The stock is undervalued, it’s ridiculous. They need something that makes a statement to attract value investors.”

In a first since 1995, Cook offered a payout, with a view to restore the dividends. As per data obtained, Apple Inc (NASDAQ:AAPL)’s dividend yield has risen to a figure of 2.3%.

The company’s management has been considering an increase in the returns offered to the shareholders, said Peter Oppenheimer, the company’s chief financial officer.

Apple Inc. (NASDAQ:AAPL) shares were up by 0.54% and currently trading at $457.00.

Legg Mason Inc. (NYSE:LM) shares declined by 1.06% and currently trading at $27.04

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).