Why wouldn't we be interested in a Buffett stock? I too was looking at APC in the 20's a while ago (in fact, I'd bet it was brought up here at some point), but it dropped off my watch list as it ran higher.
Second, if I'm not mistaken, APC is the product of choice for corporate america and serious computer users because they wouldn't want to risk their jobs/livelihoods on anything else. Isn't that a barrier to entry? Akin to Gilette in razors?
Third, what is it in PC sales are slowing? I thought unit volumes are up but ASP's are down so there's a net negative in dollars, not units produced. And unit volumes are what drive USP sales, no?
Actually, when I see something I like in a store and like, but put it back in the shelf, I think I need to make more money, not that I shouldn't invest in the stock. Rather, I see a possible marker for a defensible margin edge.
Mike
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