5 Reasons Apple (AAPL) Is a Must-Own Stock

Do Not Bet Against This Company

No matter what the economic conditions, Apple Inc. (AAPL) is the one company that can thrive through
thick and thin. The last year or two of remarkable performance is a clear indication of Apple’s staying power.

How can you not want to own this company?

Perhaps you were one of the sellers gripped by fear of the loss of shining star, Steve Jobs? If so you just missed more than $50 of stock appreciation.

Perhaps you are one those now selling because the stock has gone too far too fast?

If so, get over it. Apple, even with the impressive run-up, trades for a modest 25 times trailing earnings and 23 times forward earnings. In a normative
market state, AAPL would garner a frothy 50 multiple to be considered at a peak valuation. Put a 50 multiple on the current estimate for September
year-end 2009 earnings, and you get a stock price of $276.

Do not bet against this company. There will never be another one like it. The stock is absolutely, definitively and unequivocally a must-own stock.

Here are five reasons why.

NEXT: Reason #1 to Own Apple – iPhone Explosion