Oliver Pursche writes for Forbes,”What if I told you I wanted you to buy shares in a company as follows: The most profitable company in the United States; trading at a discount to the S&P 500 (14.0x versus 9.2x); with a higher dividend yield than the S&P 500 (2.7% versus 2.03% — and being raised to above 3% after the dividend hike announcement); growing faster than the consensus forecast for the S&P 500; and, cash sitting on the books that represents 38% of the share price.”
“If you were looking for long term growth would you buy this stock? Likely,” Pursche writes. “Be honest, if I then told you it was Apple, would you still buy it? As far as I can tell, approximately half of all investors wouldn’t. Why? Because it’s Apple. And that my friends, is the issue. But since it’s the only one there is, and it doesn’t constitute a reason, really, for the rest of us, there’s a tremendous opportunity.”
Read more in the full article here.
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