Apple Inc. (AAPL): The Best Stock To Play Right Now

apple inc.Bill Miller, CFA, Chairman and CIO of Legg Mason Capital Management talks up his favorite stock, “My favorite is one that we’ve talked about before, Apple Inc. (NASDAQ:AAPL).”

Miller goes on to say, “Which is just completely crazy in the sense that Apple has $159 billion in cash on the balance sheet right now.  If you assume they had no cash on the balance sheet and took this year’s free cash flow, it has a 10% free cash flow yield.”

“If the company were never to grow again; if Apple were a junk bond, junk yields are 6%.  If Apple were a junk bond, it would be 40% higher than it is today.”

Watch the video below as Bill Miller talks up his favorite stock:

Related:  Complete List Of ETFs That Hold Apple Inc. (AAPL)

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