On Bloomberg TV, the head of Holland & Co. joins the chorus mystified by AAPL’s valuation
Michael Holland can’t believe Apple (AAPL) is selling for 11 times next year’s earnings.
Holland, who worked for J.P. Morgan, Salomon and Oppenheimer before starting his own private investment firm with $4 billion in assets, names Google (GOOG) and Microsoft (MSFT) as two other “great franchises around the world” trading for far less than he believes they are worth. “Particularly,” he adds, compared with, “the Zyngas and LinkedIns (LNKD) and all these crazy valuations where there are no earnings.”
But for him, Apple is exhibit A.
You can see the 6-minute video on Bloomberg’s site here or in a Vodpod version below the fold (Flash required) .
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