Thursday, January 24, 2008
An Apple A Day
Hey, an Apple a day keeps the doctor away. Apple, like other tech stocks have taken a beating the last few days. But the fundamentals tell a different story. The sale of Macs, iPhones, iPods, etc. are doing great. Earnings for the next five years are expected to average between 20-25% per year. The growth for 2008 is expected to be 30%. Apple has a consistant record for beating estimates. So go ahead, be tempted, take a bite out of the Apple.
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