It’s been a while since I talked about Apple and why you should be buying it. Actually, you should have bought it when it was at $125 but if you missed that bottom, don’t worry. The price is still right and Apple is way too cheap.
Here’s a company with 22% growth over the next year and trading at 28 times earnings? Apple deserves a 44 multiple putting the stock at $200 where it should be. It’s going to go back there by the end of the year. Do yourself a favor and buy 5 shares for a 70 point gain this year.
iPods and MacBooks are still going to be the big sellers for birthday presents, Father’s Day, Mother’s Day, Christmas…not to mention if the iPhone prices go lower, that’s going to sell a lot more. The iPhone and the iPod touch are going to be bigger this year than last because of the new applications available. With Microsoft Exchange coming on board the iPhone, and likely the iPod Touch sometime after, it opens up the iPhone for corporate use.
That could be huge for Apple this year and would solidify the iPhone as a real competitor to RIMMs Blackberry. There’s too much going good for Apple to ignore it and the shorts are going to get caught with their pants down.
I own shares of Apple.
