It seems unlikely that you will see that price if that is what you are holding out for. They have fundamentally been a great business with strong growth, successful expansion into new areas, and sound fundamentals. Many would consider even the current valuation a good entry point.

Maybe one issue is you are taking $5 of EPS as a starting point when they are probably at least $6 on a run rate basis?
Another is that the growth rate maybe needs to be more than 10% if $5 is a starting point. My view would be that $5 probably represents an underperforming year for the enterprise as it stands today, and one that could be grown quicker in initial return to normal.
10 years is long enough that many things could happen, both good and bad. But waiting for a c$85 entry point could mean that Apple may never be in your portfolio.

Berkshire Hathaway FAQ

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