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Stock #5 – Apple (AAPL)
If you’re a member of the Apple (AAPL) cult like I am, you already know the near-religious commitment we have to the anything Steve Jobs and company bring to market. Sure, the company makes the most expensive computers out there, as well as the costly iPhone smart phone, but to us addicts, money is really no object.
Apparently, we hardcore Apple fanatics aren’t the only ones who feel this way. The company’s stellar recent earnings beat was just the latest in a string of consistently better-than-expected quarterly performances. And when it comes to what Wall Street thinks, well, I suspect over 100% return year-to-date, as well as a near 900% gain over the past five years in AAPL shares tells you what you need to know about the stock’s appeal.
The Apple juggernaut is perhaps the best-of-breed personal technology company operating today, and their high-priced shares confirm this. The way I see it, Apple is a bargain at almost any price.
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