By: Robert Holmes
Roge, who helps manage the Roge Partners Fund (ROGEX), doesn’t own Apple(AAPL) but he’s done plenty of analysis on the stock. He says he’s never seen a stock in the limelight more that “is so grossly undervalued.”
“It’s probably worth about $475 a share,” Roge says. That would imply upside of 40% from where Apple shares currently trade, which is already near the stock’s all-time high. While some investors have balked at the $340 share price Apple currently touts, Roge says the naysayers have it wrong.