If the Bush Twins, Barb and Jenna, accessorize with iPods, as some gawkers said they had amid Daddy’s inaugural celebrations, does that make the iPod more cool, or less? What about President Bush himself, who was seen iPoding late last year as he went for a bike ride? Did that spur iPod’s monster holiday sales?

Silly questions, yes, but they are some of what now passes for investment analysis of Apple Computer (AAPL), maker of the iPod line of music players and the stylish Macintosh family of computers. Lately hitting a new high above 77, stock in Apple is not just high-priced — 37 times this year’s estimated profit — but high-fashion.

– The Barker Portfolio, “Apple: It May Be Too Late To Take A Bite”

how apple’s value is seen on the street

Tags: apple, george w bush, ipod, stock, the barker portfolio