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Below is a link to a discussion by a CFA that tries to argue that a PEG ration of .76 for Apple will not achieve a long term target return of 10%. I'm not a CFA but I think a .76 for Apple is dirt cheap. BTW he assumes a 5 year grwoth rate of 26%. If a stock gorws its' earnings at 26%, everything else being stable, should'nt the returns = ~ 26%. Anyone care to comment? Thx!
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