“It continues to amaze me how many people are bearish when it comes to Apple,” Bill Maurer writes for Seeking Alpha. “Talking with the bears for just a few minutes will give you the impression that the technology giant is in some sort of trouble. That couldn’t be further from the truth.”
“Apple is doing quite well, and the company just needs to continue as is,” Maurer writes. “There are plenty of others around it who continued to flop, and today, I’ll explain why that is beneficial for Apple.”
“Many other tech names are really struggling. Cisco is going to have a really bad fiscal year, and Intel is going to have its third straight disappointing year in 2014. Microsoft’s future is up in the air, depending on who is chosen as the new CEO,” Maurer writes. “Apple provides a decent amount of growth, a dividend, and a huge buyback, all at a reasonable valuation. While competitors continue to struggle, Apple raised guidance last quarter and gave solid guidance. A China Mobile deal is imminent according to one research outlet, which would provide a tremendous lift to Apple shares.”
Much more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]