Bought Apple stock today

Overall I hate buying stocks and only a medium fan of Apple. But if you take the cash off of their balance sheet the company is now selling at around 6 times earnings.

Wall Street seems to either think companies can do no wrong (see linkedin) or in Apples case do no right.

I am happy to buy the ones that are hated, still have a great future in my opinion and make a ton of money.

  1. caterpillarcowboy said: Or in the case of Amazon, a love/hate relationship? P/E is off the charts, but there was at least a decade of no love from Wall St.
  2. siminoff posted this