Profile,
It may be just you and me here right now. I understand how you feel about AAPL and PFE. One fundamental thing you might be overlooking with your "PFE, a now value stock with a low p/e and a real business" concept (I don't know if you were comparing it with AAPL or not), but in any event.
Within the last 3 months my nuclear family has accounted for 2 $400 per iPod purchases alone, and we are not by any means cutting edge. AAPL has no competitors in the iPod area, whereas PFE has tons, and the always enchanting prospect of legal liability courtesy of the Trial Hookworms, er, Attorneys. I don't even know if we have bought a Pfizer product in the last 6 months.
AAPL on the other hand has a legal monopoly on its device, and the device name has gone into the lexicon. Everyone knows what an iPod is now, how it works. Competitors are going to have to compete with a new name ("porta-muzik"?) and go against a mushrooming installed base. It faces no liability and little (to my eye) competition. Kids don't come up to parents and say "I want a mini hard drive that can play 10,000 MP3 tunes", they say, "Daddy, Daddy, Tiffany has the coolest iPod in a pink leather case. Can't I have one for Xmas?"
Technically AAPL is a speeding train and PFE is a train wreck, fwiw. MRK is a better looking technical play, btw.
Happy holidays to all,
Kb |
