02-29-2012, 11:39 AM
I know it's crazy...but AAPL stock is still cheap. It is trading at 13 times its expected earnings compared to the NASDAQ's 18. And they are sitting on a gigantic heap of cash for further development. If they can find a sweet spot on price and innovation, I can see them taking over the PC market as well. Their sales grew 73% last year. That is insane for one of the top valued companies. They certainly need to find a new "it" product for future growth but they certainly have the tools necessary to find it.
I own 7 whopping shares lol. But my costs basis is $378.
I own 7 whopping shares lol. But my costs basis is $378.
