apple computer stock

[Ray Zee]

i was asked to comment on aapl because of my position on sirius. well i dont follow alot of individual stocks as big stocks are well covered by the analysts. they know more than me except may be influenced by money.
the stock trades at about 60 times earnings. if you know how i think, it cant be right to buy or hold a stock that trades at such high multiples. with what they have to sell its also hard to fathom the company is worth close to 30 billion. thats a lot of money to owe the stockholders.
it is one of the types of companies i would buy as i love ones where ceos are owners or own lots of stock or have real personal interests in making the company perform. so i am not knocking it but wouldnt buy it at this level.
if someone has a better handle on why they are worth this much, as to whats in the pipeline or future giant things to come please chime in.