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The Prudent Speculator names Apple "stock of the month"

medea

macrumors 68030
Original poster
Aug 4, 2002
2,517
1
Madison, Wi
The Prudent Speculator ( http://www.prudentspeculator.com/ ), a popular investment newsletter, has named Apple its "stock of the month" for December. Excerpts from the newsletter can be found at Forbes. "Obviously, we do not expect a return to the glory days of the late 1990s, but Apple's financial condition looks remarkably similar today as it did back in 1997 when it made its initial appearance as stock of the month," writes John Buckingham for the publication. "That first recommendation resulted in a 500%+ average price appreciation when the last of our shares were sold in late 1999. Today, the balance sheet is pristine, with over $4 billion in cash and short-term investments, equivalent to more than $12 per share. In 1997, Apple had $11 per share in cash on a virtually debt-free balance sheet." He continues, "Because we view it as an inexpensively priced (95% of sales) growth stock, we would buy Apple up to $16.33." http://www.forbes.com/2002/12/12/cz_1212soapbox.html

so everyone go buy some apple stock already, you know its going to go back up.....
 

Chad4Mac

macrumors 6502
Apr 20, 2002
299
0
Los Angeles
I see it too, Prudent.

I finally bought Apple stock @ 14.68. I've been waiting to see a valley before I bought. Waited since late October. I think December is a great time to buy stock, especially with this company.

I just hope that the iPods do well this quarter off the holiday sales and MacWorld brings a nice little surprise. Either way, it doesn't matter to much. I think Apple will be around for awhile, and at this price, I think that I have some security over loses.


Chad4Mac
 

MrMacMan

macrumors 604
Jul 4, 2001
7,002
11
1 Block away from NYC.
No one ever reads post subjects, why are they even here?

YAY!
MAYBE MY STOCK IN APPLE CAN GO INTO THE POSITIVE!;)
I hope *cowers*
They all say IT is gonna do 'great' but then it never goes up? eh...?
 

Mr. Anderson

Moderator emeritus
Nov 1, 2001
22,561
0
VA
Ha, I bought Apple at 20, after it split.....I haven't been positive in quite some time. Some day though it might make a buck or two, but I don't think anything spectacular anytime soon.

D
 
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