Apple, Inc. (NASDAQ:AAPL)

CAPS Rating: 4 out of 5

From iPods to iPhones to MacBooks, Apple uses its “think different” approach to reframe computing, communication, and more.

Recs

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Player Avatar Googlespooch (33.01) Submitted: 4/23/2013 5:06:21 AM : Outperform Start Price: $55.98 AAPL Score: +50.86

Let's face it, Apple is undervalued. Even in the $400-500 range, they were probably undervalued. Apple is able to consistently push high end products on millions of consumers worldwide yet Wall Street continues to bash the company as of late for not living up to ridiculous earnings estimates. I would say that a company generating as much cash and net income as Apple should be valued at a premium instead of this deep discount that it currently has been assigned. I feel that, at this point, the downside risk is so low that going forward will be a decent ride for the patient investor. While Steve Jobs may no longer be at the helm, Tim Cook was given the job for a reason. Tim Cook knows and believes in Apple. At the same time, the management and design team that existed under Jobs is basically intact. Thus, it should seem like, sooner or later, exciting products are going to hit the market. Just think of the gap between the iPod and the iPad in terms of time. Wall Street has given Apple basically no time to create wonderful magic things: it doesn't work that way. Give the company some time and it will do great things for investors.

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