{"id":5390,"date":"2013-02-07T12:12:57","date_gmt":"2013-02-07T16:12:57","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=5390"},"modified":"2013-02-07T12:12:57","modified_gmt":"2013-02-07T16:12:57","slug":"apple-gains-amid-reports-of-being-grossly-undervalued-aapl-lm","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/apple-gains-amid-reports-of-being-grossly-undervalued-aapl-lm-5390","title":{"rendered":"Apple Gains amid Reports of being Grossly Undervalued \u2013 AAPL &#038; LM"},"content":{"rendered":"<p style=\"text-align: justify;\">Northern, WI 02\/07\/2013 (wallstreetpr) &#8211; Bill Miller, a fund manager at Legg Mason Inc. (NYSE:LM) had said that the Apple Inc. (NASDAQ:AAPL) shares are undervalued. This was enough for the shares to rally in late-morning trading.<\/p>\n<p style=\"text-align: justify;\">The stock rose by 1.9%. All in all Apple Inc. (NASDAQ:AAPL) shares have declined 14% this year.<\/p>\n<p style=\"text-align: justify;\">As it faces stiff competition from Samsung Electronics Co., its sales and profit margins have dropped. Rising investor concerns have dropped its value to a third of the record Sept. 19 figure. Along with Miller\u2019s statement, traders speculate that the shareholders might get more cash.<\/p>\n<p style=\"text-align: justify;\">Brian White, an analyst said, \u201cThe stock is undervalued, it\u2019s ridiculous. They need something that makes a statement to attract value investors.\u201d<\/p>\n<p style=\"text-align: justify;\">In a first since 1995, Cook offered a payout, with a view to restore the dividends. As per data obtained, Apple Inc (NASDAQ:AAPL)\u2019s dividend yield has risen to a figure of 2.3%.<\/p>\n<p style=\"text-align: justify;\">The company\u2019s management has been considering an increase in the returns offered to the shareholders, said Peter Oppenheimer, the company\u2019s chief financial officer.<\/p>\n<p style=\"text-align: justify;\">Apple Inc. (NASDAQ:AAPL) shares were up by 0.54% and currently trading at $457.00.<\/p>\n<p style=\"text-align: justify;\">Legg Mason Inc. (NYSE:LM) shares declined by 1.06% and currently trading at $27.04<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Northern, WI 02\/07\/2013 (wallstreetpr) &#8211; Bill Miller, a fund manager at Legg Mason Inc. (NYSE:LM) had said that the Apple Inc. (NASDAQ:AAPL) shares are undervalued. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":5391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1002,1561],"stock_ticker":[],"class_list":["post-5390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nasdaqaapl","tag-nyselm","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Apple Gains amid Reports of being Grossly Undervalued \u2013 AAPL &amp; LM - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/apple-gains-amid-reports-of-being-grossly-undervalued-aapl-lm-5390\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Gains amid Reports of being Grossly Undervalued \u2013 AAPL &amp; LM - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Northern, WI 02\/07\/2013 (wallstreetpr) &#8211; Bill Miller, a fund manager at Legg Mason Inc. 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