Tepper Maintaining Small Apple (AAPL) Stake, Calls 'Cheap'

On CNBC, David Tepper says Apple (NASDAQ: AAPL) is cheap but has China exposure. He is maintaining his position which is not that big (less than 0.75% of book). He said the stock will always have a lower multiple because it is a device company that can be replaced by consumers.

You May Also Be Interested In

• Apple investigating exposure to Tata Electronics data breach, full analysis underway - Reuters
• Mill Pond Capital pushes for sale of Rayonier Advanced Materials
• Radoff-JEC Group seeks board changes at Seer amid 97% share decline