In response to the Amazon post, there have been several comments about Apple (AAPL, Financial). This is yet another beloved company whose valuation has left the fundamentals behind. No stranger to momentum, Jim Cramer seems to think its worth $300 a share. This reason enough to be bearish on Apple.
At the current quote, however, the company ONLY has a market value of $175 billion. For this purchase price, the prospective investor could own any of the following Apple-equivalents:
Coca-Cola + Boeing
Nike + Kraft + Nokia + Disney
McDonalds + Intel
Pepsico + ConocoPhillips
Hewlett Packard + MMM
Cisco Systems + Texas Instruments
Take your pick. Feel free to mix and match.
Or just buy good 'ol Johnson & Johnson! All of it. JNJ will be around 100 years after Apple is a distant memory.
A bonus: J&J pays a dividend.
What a quaint concept!
Disclosure: No positions.
Henry W. Schacht
http://www.lonelyvalue.com/
At the current quote, however, the company ONLY has a market value of $175 billion. For this purchase price, the prospective investor could own any of the following Apple-equivalents:
Coca-Cola + Boeing
Nike + Kraft + Nokia + Disney
McDonalds + Intel
Pepsico + ConocoPhillips
Hewlett Packard + MMM
Cisco Systems + Texas Instruments
Take your pick. Feel free to mix and match.
Or just buy good 'ol Johnson & Johnson! All of it. JNJ will be around 100 years after Apple is a distant memory.
A bonus: J&J pays a dividend.
What a quaint concept!
Disclosure: No positions.
Henry W. Schacht
http://www.lonelyvalue.com/
