Description:  Throughout the extraordinary surge in Apple Inc. (AAPL)’s share price, a persistent question has lingered: Why is the stock still so cheap? One overlooked answer may be that Apple’s accounting isn’t as conservative as it used to be.

Source: Bloomberg.com

Date: 02/16/2012

Link:  http://www.bloomberg.com/news/2012-02-17/apple-s-stock-may-not-be-as-cheap-as-it-looks-jonathan-weil.html

Questions for discussion:

• Summarize the highlights of the report.
• Do you agree with the assessments?