re: "First tech stock I've bought...in two years." Imo, since I believe you're not a techie, that would suggest you are buying AAPL on a price to value proposition. (As opposed to being in love with their products, technically astute about their R&D vis-a-vis competitors, etc.). My opinion is that AAPL at current price has low relative price and a low price to cash, no debt, high ROE. I suggest it is a buy, but not an either/or buy. (That is, to buy just AAPL in the tech sector or buy nothing technical at all)
I propose that AAPL should be bought as part of a package of tech companies all of which have low price, low price to cash, no debt, high ROE. And there are a number of such companies from which to pick. AAPL is only unique in that it has high brand recognition and is a large company. (That uniqueness though may be quite enough. I don't know.) For me anyway, as a non-tech person, being diversified among tech issues seems the safest and best way to minimize risks while giving myself a shot at some good gains.
I'll put AAPL on my watch list. Thanks. Paul. |
