Do you know how many iPods® Apple has to
sell to support its stock price?
Why is this important?
We believe stock prices are a reflection of the common belief that management can
deliver the performance to support the price of its stock. Therefore, for example,
knowing how many iPods®, desktops, portables
and iPhones® Apple has to sell to support
the price of its stock and the likelihood that management can actually deliver this
performance, we believe, is critical to making a good investment decision and is
the basis of the Transparent Value investment methodology.