Bailing on Apple

From Motley Fool

I'm out of AAPL. It's been a nice ride these last few years, but for me the rides over. At least for now. I thought I'd just explain why.

Most of the time I'm a value investor. I'm looking for low P/E primarily, and high yield secondarily. When I find them I look if there's a reason that the market is fairly marking the company down, and if not, I buy.

When I bought my G4 iMac and G2 iPod I thought they were brilliant, and it was only a matter of time before others caught on, and Apple would grow rapidly. And so I bought AAPL.

But now?

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