Apple’s revenues –which it recently forecast would grow to $52 billion – makes its fundamentals attractive enough to lure back skeptical investors. For that reason, Brian White, analyst at Topeka Capital Markets, thinks the stock could soon vault above $1000 per share once the pessimism lifts. Read More
Doug Kass: Time to Buy Apple Again link
UBS hardware analyst Steve Millunovich today reiterates a Buy rating on shares of Apple link
ITZ has suggested buying Apple at several levels since May as a long term core holding in 1/4 position increments: May 17th $539; July 23rd $588; July 25th $572 & recently Oct 9th $626.
Also having traded call options.
Chart below looks at Apple's cash position & ex-cash valuation, currently at extreme low valuations.
click on chart to expand image
Past ITZ Apple posts:
Apple Update: Q4 Earnings Report
Apple Pre-Earnings Outlook 10-6-12
Apple Misses Earnings...Now What?