Apple might present an even better ‘buy’ opportunity than Google, writes CNBC’s Jim Goldman.
“Amazing to me that I even have to write this, but alas, such is the trading environment on the Street right now. And I stress the word ‘trading’ because this certainly isn’t ‘investing.’ If it were the latter, people would focus on the products Apple is selling, the pipeline it’s developing, the innovation it’s offering, and the market trends of which Apple continues to take advantage. More than that, if you believe that digital entertainment and easy-to-use, slick-looking computers that offer a great user-experience have any kind of future in the marketplace, then Apple offers up some true, longer term opportunities,” Goldman writes.
“Like Google, the Apple sell-off is overdone. Plain and simple. And those investors buying into the panic are missing the true buying opportunity instead. Larger forces seem to be at work here. Even if you believe there’s a slowdown in Apple sales, or that the company is bumping its way through an iPod product transition, do you really believe these issues are enough to shave half the company’s market cap away? Makes no sense to me. And a year from now, you gotta wonder whether this was the time when investors should have been buying,” Goldman writes.
Full article here.
[Thanks to MacDailyNews Reader “Gavin” for the heads up.]
MacDailyNews Take: Wall Street is a game and, right now, AAPL is the ball.