shaw wu, stock analyst. shaw, stock is down over the past four months or so. obviously selling at a discount. you could have spent more in october. would you buy it at this price for say a one to two-year holding period? >> yes. we like the stock at this level. like you said, especially with this pull back. we think the story is pretty much still in tact. the growth story. you have iphone that is still seeing a lot of growth. seeing penetration around the world. and also as i mentioned earlier, you also have them selling not just the flagship iphone five but 4 and 4s allows them to address the mid range of the market. we think that will continue to be a big story. last but not least, the ipad. we see that as still fairly early inity adoption phase. capitalizing pcs. but we see the market, apple is leading and moving to tablets. >> at 511 now. do you have a price target on this stock, say a 12-month? >> yeah, we have 840 price target. based on we think a reasonable 13 multiple. but we also take into account. cash, the massive cash balance they have. >> 840. but

. >> shaw wu is a brave man for coming back on "power lunch" today. shaw, we will hold your feet to the fire. are you changing your tune. it's 58 below where it was when you said you liked it that price yesterday. >> tyler, we're not changing our tune. we think the story is still a very good gross story and you know, frankly with, we are surprised with this reaction. but we believe this is a great level as an investment with investors with the longer term horizon. >> so i guess what i'm hering you say here, is if you liked it above 510, you like it even more at 455 as a buying opportunity. right? >> no, yes. in the near term admittedly, there will be a credibility issue, right, with the company. the company's got to regain investor trust again. so that's going to be an overhang. but we still see -- >> you're not changing your tune, you say, but you are changing your price target and you're lowering it. that's $58 ago, right? >> that's correct. the new price target is 715 and we are assuming a 10 multiple now. opposed to 12. and also taking into account