Wednesday, July 20, 2011

Apple

The earning and cash flow is incredible at Apple and given its growth rate, the stock is very reasonable priced. Most analysts have a 450 or higher price target on APPL. The only thing I will be cautious is new product line. Over last five years, APPL has brought two new products (Iphone and Ipad) to the market and generate 100% growth every year. If Apple does not have new blockbuster product come on line, the growth will slow and competition will intensify.

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