“In late 2002, Apple changed the landscape of its future with the launch of the iPod. The iTunes store soon followed in 2003 and the stock has been about a ten-bagger since,” Georges Yared writes for Blogging Stocks. “So, with the stock up 10 fold in 4 years, why is it a table pounding buy today?”
Yared’s 5 reasons why Apple, Inc is a buy today:
1. December 2006 quarterly results were stunning.
2. Apple retail stores sell over $4,000 of merchandise per square foot, making it the number one retailer in America.
3. iPod sales were 21 million in the December quarter alone.
4. Apple’s Mac business, CPU market share and general software upgrades are selling through with double digit growth.
5. The iPhone will be huge.
“There are many other reasons to buy and own Apple, like corporate growth at 20% plus, sustainable, high cash flow generation, eventual wireless offerings of iTunes products and more,” Yared writes.
Full article here.
Citigroup upgrades Apple Inc. from ‘hold’ to ‘buy’ – February 12, 2007