Stock Pick of the Day – AAPL

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I don’t normally talk finances here but with the markets in a downward spiral it has really left some great deals on the table. One of those is Apple (AAPL). Their cash flow is phenomenal. Their marketshare is increasing/taking from PC. They have a diverse product line of innovative products. The current price is at a 40% drop from its 52 week high (currently $127 with a 52 week high of $202). It is currently oversold and is dipping on news that RIMM (maker of blackberry) missed its earnings estimate by 1 penny. Apple is approaching a really nice entry point (especially if you can grab it in the low 120s) and hold it through December. Of course with the markets in this shape you never know how low something is going to get. I just hate to miss it entirely so best to go into a solid company with good fundamentals and hold until you get a decent profit. In a time when many companies are making large use of lines of credit, I like to reward a company that is doing it right and doing it on a cash basis.

Disclaimer – I am not a financial genius so use common sense in making any financial decision, especially in times like these.

0 Responses

  1. How could I not like Apple with that Batman look-a-like logo!!


    You & I are probably wading into waters here that we shouldn’t be giving advice on. But you make a solid case.

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