“By not owning shares of Apple, you just might kick yourself 10 years from now (if not sooner),” Alan Saltzman, founder of Regarded Solutions, Inc., writes for Seeking Alpha. “The world’s largest public company with over $150 billion in cash and equivalents, that has paid and increased dividends regularly for 3 consecutive years should be in every portfolio anyone owns, right now.”
“I know it has ‘only’ been 3 consecutive years thus far, but the amount of money and the commitment to give shareholder value all of the time in the form of dividends and share buybacks, has been understated,” Saltzman writes. “I believe that we are on the verge of seeing the birth of a brand new Dividend Aristocrat of the future, and I believe the shares are under valued and ready for greater growth once again.”
“Apple stock is cheap in my opinion, and at the current share price of $99.00, it is more affordable than when it last hit $705, even if it is because of the 7-1 stock split,” Saltzman writes. “Is $125-$150/share within 18 months outrageous, based on this new [Apple+IBM enterprise partnership] business and higher P/E multiples? No, and that might be very conservative.”
Read more in the full article here.