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donderdag, 30 oktober 2008 |
Apple Bottoms, Blows Away Quarter to ReboundApple Inc (AAPL) recently surprised even the most devout follower by blowing away the numbers in the latest quarter. As readers of this blog know, part of my long term strategy is to buy beat up stocks of solid companies. Apple has been and will continue to be one of these companies. Apple continues to reinvent itself year after year with products that are not only cool but integral to how we do business, enjoy spare time and create. Apple's products are sold worldwide and the iPod alone is recognized widely as the device that most changed people's lives. I know the iPod touch I own changed my life. Without it, I wouldn't watch/listen to half of the podcasts I do now. All that aside, the company continues to succeed even in these dark and trying times. The App Store, as I've discussed with several others on Twitter is what is really helping Apple earn more than their peers in this economy. Although it would seem for the most part that Apple is fashion over function, with the iPhone as popular as it is, everyone is looking for productivity in droves. Gadgets are supposed to make our lives easier and more manageable and why not make them look good as well. This is what sets Apple apart from 90% of other companies. Even Google's Android platform and the new G1 mobile phone don't come close to the look and feel Apple has with the iPhone. Plus, Apple fanboys are diehards and will always buy their products. Sales of the 3G iPhone were phenomenal and have helped keep the company above water. The recent downtrend in the stock price has been a combination of massive selling and liquidation by hedge funds, coupled with short selling pressure that has taken its toll on the stock, but not the company. If you got stock at the bottom, be prepared to peel it off into this strength. I buy in stages on the way down so I can pull profits as the stock recovers to previous levels, which it will. Jim Cramer mentioned on his Mad Money program Tuesday that Apple is the bellweather stock for this market and I agree. It's affordable, oversold and on track to record profits.
4:36:32 PM |
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Jim Cramer: Stick with Apple (with video).
Apple Inc. has great growth, good management, a healthy balance sheet, and generational dominance...
3:45:31 PM |
Current Stock Price
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Here's to the crazy ones. (video)
The misfits.
The rebels.
The troublemakers.
The round pegs in the square holes.
The ones who see things differently.
They're not fond of rules.
And they have no respect for the status quo.
You can praise them, disagree with them, quote them,
disbelieve them, glorify or vilify them.
About the only thing you can’t do is ignore them.
Because they change things.
They invent. They imagine. They heal.
They explore. They create. They inspire.
They push the human race forward.
Maybe they have to be crazy.
How else can you stare at an empty canvas and see a work of art?
Or sit in silence and hear a song that's never been written?
Or gaze at a red planet and see a laboratory on wheels?
We make tools for these kinds of people.
While some see them as the crazy ones, We see genius.
Because the people who are crazy enough to think they can change the world, are the ones who do.