“There isn’t much argument about Apple Computer’s bright future. The incredible popularity of the company’s iPod digital music system is just beginning to translate into higher earnings growth, say the bulls. And the current iPod craze could spill over and generate interest in Apple computers among new buyers and defecting PC users alike. ‘The remarkable satisfaction with the iPod creates a word-of-mouth wildfire,’ says a recent report from Piper Jaffray,” Anne Kates Smith writes for Kiplinger.com.
“You’ll find plenty of disagreement, however, about what to do with the stock, which more than doubled between August and December… For now, we’d hold back on any purchases. And investors with short-term horizons should consider cashing in some profits, particularly if the stock is held in a tax-deferred account or you can offset your gains with losses,” Smith writes.
Full article here.