Apple (NASDAQ: AAPL) is a shining example of capitalism at its best -- and that's just one of the many reasons why Apple is an excellent stock to buy now.
If you're a member of the Apple cult like I am, you already know the near-religious commitment we have to anything Steve Jobs and company bring to market. Sure, the company makes the most expensive computers out there, as well as the costly iPhone -- but to us addicts, money is really no object.
Apparently, we hardcore Apple fanatics aren't the only ones who feel this way. The company's stellar recent earnings beat was just the latest in a string of consistently better-than-expected quarterly performances. And when it comes to what Wall Street thinks, well, I suspect over 100% return year-to-date, as well as a near 900% gain over the past five years in AAPL shares tells you what you need to know about the stock's appeal.
The Apple juggernaut is perhaps the best-of-breed personal technology company operating today, and their high-priced shares confirm this. The way I see it, Apple is a bargain at almost any price.
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Reader Comments (Page 1 of 1)
10-03-2009 @ 2:56PM
J said...
What. The. Hell?
Have you been paying attention to Apple's momentum in the technology sphere?
Heard of Windows 7? Heard of 30% dropped call rate with the iPhone in NYC?
Is your expectation of huge returns based on the rumored tablet computer? That's the only thing I can think of. Maybe you think they'll spread the iPhone around to other carriers in the US soon?
10-03-2009 @ 4:58PM
S said...
I'm still waiting for Harte-Hanks to sell Trillium Software to Information Builders.
10-04-2009 @ 4:47PM
Financial Cents said...
Apple a bargain at $185?? The stock has already doubled in 6 months and you suggest that investors pile in from here especially with the current economic backdrop?? I think this is just absurd. Continue reading...
http://financial-cents.blogspot.com/2009/10/rebuttal-blogging-stocks-ten-high.html
10-04-2009 @ 7:19PM
Iridium said...
Nothing an established company can do justifies a 835% stock increase in 5 years. That is just insane.
Apple is still trading at 40 times earnings so even with beating the street the stock is way overvalued.
10-05-2009 @ 12:27PM
j0nd4m4n said...
This post would make sense if it were posted about 4 months ago, but seriously, bargain? Apple? WTF
Some can argue with the iPhone entering Chinese market, they can pick up a lot of market share and drive up the stock price, but still not a bargain.