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originally posted in: What Do You Think of Apple?
1/23/2013 5:45:10 PM
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Its hard to tell if their heyday is passed. As far as a company goes, they are as close to heroes as I have. They ran one of the most profitable companies during the worst economic downturn since the Great Depression. They did it so well that they ended up having more money than the US government when all was said and done. You can talk all the smack you want, but they command respect for doing that.
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  • Forecasts are Apple having as much as $350 billion in cash by the end of 2015 - and that is assuming next to no profit growth.

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  • That's insane.

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  • Edited by A Good Troll: 1/23/2013 6:09:49 PM
    Indeed. That is why I find the stock price too low. Apple's current market cap is 480 billion. If in three years with no profit growth the company has 300-350 billion in cash, there is no downside past that number. A stock can't fall past its cash value - and Apple has no debt. And that is excluding all its other assets (intellectual property, parts inventory, real estate, etc.). Tim Cook would have to willingly steer the company off a bridge for you to lose money in Apple stock in a three-five year timeframe. Apple will be back at $600 a share within six months.

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