The problem is that most companies stock prices don’t do so well as they transition from a growth company to a value company. So while you aren’t probably looking at a bunch of downside buying apple here I don’t know that you are looking at a bunch of upside either at least in the short term. Look at an old chart of KO, MSFT, CSCO, GE. Seems like once these companies make a top in growth they decline/stay flat for quite some time until the value investors take over the stock.