“If you’ve held Apple for the past 365 days, chances are this is a happy New Year’s Eve,” Lee Brodie reports for CNBC. “Shares of Apple are about 25% higher for 2011.”
“But now investors must evaluate if the growth and Apple magic can continue into 2012,” Brodie reports. “Skeptics argue that Steve Jobs was the creative genius behind the firm, and that the company risks a serious misstep without him.”
“However both Jon and Pete Najarian don’t see it. They believe that CEO Tim Cook will lead the company as competently as Mr. Jobs. They say Apple will continue to wow the crowds, and more,” Brodie reports. “‘I would own the stock right here, I think it has a lot of upside in 2012,’ says Jon… Not only is he bullish on an expected refresh of the iPad and iPhone 5 – he thinks Apple is about to introduce a new [television] gadget that will be as much a game changer as the iPod was when it was introduced.”
Brodie reports, “Brother Pete also expects gains but for another reason –a dividend. ‘Sooner or later they’ll pay one, I think it comes when they surpass $100 billion in cash on the balance sheet,’ he says.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]