“Apple was once known as the stock that couldn’t stop climbing higher. But these days the prevailing wisdom is that the stock is stalled, and there is no way it will have higher numbers in 2016 than this year,” Abigail Stevenson reports for CNBC. “So, what should CEO Tim Cook do? Jim Cramer has a plan.”
“‘Many professional investors have come to believe that Apple cannot maintain its earnings momentum because it doesn’t have enough large streams of recurring, higher-margin revenue to offset what could be a slowdown in iPhone sales,’ the Mad Money host said,” Stevenson reports. “With this in mind, Cramer reminded investors that he doesn’t think Cook should worry. Apple has done incredibly well under his management, and Cramer thinks it will continue to do so.”
“But if Cramer were Cook, he would take the initiative to buy four companies,” Stevenson reports. “With just $25 billion, Apple could get Harman, Pandora, Fitbit and Verifone. All of these companies would give investors a recurring reason to own the stock in 2016 besides just an iPhone.”
Read more in the full article here.
MacDailyNews Take: Well, that would certainly shake things up.
What do you think, should Apple swallow Harman, Pandora, Fitbit and/or Verifone?
[Thanks to MacDailyNews Reader “David E.” for the heads up.]