Haverty: Apple `An Extraordinarily Cheap Stock'

July 25 (Bloomberg) -- Lawrence Haverty, a portfolio manager at Gamco Investors Inc., talks about the value of Apple stock relative to its business quality and finds it " an extraordinarily cheap stock" that he sees equal to $1,000 in value. He speaks on Bloomberg Television's "Bloomberg Surveillance."
Statoil and BP Release Reports amid Oil Declines
58:26 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
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