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Technology Stocks : Apple Inc.
AAPL 270.82-1.0%Dec 22 3:59 PM EST
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To: NAG1 who wrote (169199)5/5/2014 11:07:05 PM
From: MGV2 Recommendations

Recommended By
ChinuSFO
mw1

  Read Replies (1) of 213177
 
Neal - it isn't his view that bugs me; it is the suggestion that his view carries any value. He has been worse than a coin flip on Apple.

I expect Apple to be able to grow its top line by 7-9% and its bottom line by 8-10% over the next 3-5 years. That inherently presumes there will be no commoditization leading to margin declines. If it does that, it can be a 130-150/share stock in 3-4 years with reasonable multiple expansion.

Now that it is back to 600, it takes a little more effort to justify it as a significant position. It was easy money over the last year. It had no business being below 500, let alone 400. That was a gift. But, if they execute on their innovation pipeline, there is plenty more to go with a safe dividend and a balance sheet that adds undervalued optionality to the price. All imv.
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