MSFT - I own it and hold it, but you are mostly right. MSFT has a lot of brand and monopoly and great markets still, but it is not going to be a great growth story. They will chug along with only big risk being some stupid acquisition. If they don't screw up there, MSFT will be a safe, boring stock. Actually, in the best case they will pull IBM-like performance, which will be outperformance.
Short term, MSFT can have volatility, but IMHO it is cheap enough to be rather stable. I would be very surprised if it dropped to $10 or thereabouts.
For me MSFT is now like PEP, JNJ, BRK, MMM, maybe NKE. Stable supercaps that may outperform lousy supercaps. Would I expect super results from them? Not really. But I don't expect 80% drop from here either. Should I hold them? Not sure. But perhaps they are fine as a relatively small part of portfolio. |
