[quote=moneymaker]Perhaps Apple itself is selling stock to invest in production of new iphone5s. Don’t know, but a PE below 9 for Apple screams under valued to me.[/quote]

Question is if you believe AAPL will maintain the same level of earnings going forward? If so, where is it going to come from? How are they going to keep up the margins but still sell phones in Asia for lower prices?
If you can satisfy yourself to answering above, then it is a screaming buy.