I’m an Apple shareholder and a big fan of the late Steve Jobs. As an Apple investor, I’m in a tricky spot.
After thinking long and hard about this decision, I’ve decided to stay with Apple, although I do realize that there is a downside risk. Unless things change, however, I do believe that Apple shareholders will be happy they either bought or held onto their Apple shares come 2013.
I’ll list my reasoning in bullet points for why I think it’s still a good stock to own:
- Cash rich and can weather any storm, might offer a dividend at some point. They certainly could.
- Low P/E ratio considering how solid this company is
- People underestimate the Iphone 4S. I think it’s a smart move. It will sell very well in Asia because of prestige alone, and I think Apple will role out a new Iphone 5 that will shock the world come the summer of 2012. That’s just when the 2 year contracts of the Iphone 4 users of the US run out. Perfect timing…..