MSFT. Although it does seem like a safe bet, I suppose the potential for gain is not a strong as for some of the other computer stocks. Given my age, proclivities, and portfolio, this is fine by me.
That is, for part of my portfolio I'm perfectly okay with some MSFT and other like stocks, just sitting there not doing much, paying the occasional small dividend, and once in a while making a small up or down move where it's attractive to trim or buy more. In any case, as MSFT profits continue, eventually that will be recognized by the market and the stock price will get pushed up. The p/e will only go so low as the "e" increases; I'd guess around p/e 8 might be the low p/e number for such a large cap, well-established company.
I have a few shares of SNDK, a competitor to the hdd makers, and if I owned that one in quantity, the volatility would drive me out. It's hard enough for me just to endure the SNDK price swings on my screen. I have steady-eddy MSFT right next to it on my screen, which does make holding MSFT that much easier.
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