By: Michael Vodicka
“There are still plenty of reasons to be bullish on Apple.”
Apple, Inc. (AAPL) has made many investors rich, surging almost 10,000% percent in the 10 years from early 2003 to its peak in September of 2012. Take a look at the huge gains below.
Those gains were built on unbelievable earnings growth, with Apple expected to make around $60 per share in 2013.
But since the all-time high above $700 in late September, Apple is down about 30%, causing mass panic on the Street as big hedge funds and individual investors rotate into new ideas.
No doubt that Apple’s days of ridiculous, mind-bending gains are over. But there are still a number of reasons why I am still bullish on Apple and view the recent pullback as an opportunity to buy.
Below is my video outlining 5 reasons I am still bullish on Apple. Enjoy!
Michael Vodicka is the president and founder of the Vodicka Group, Inc., a Registered Investment Advisor (RIA). He specialized in trading fixed-income derivatives at the Chicago Board of Trade before spending five years managing equity portfolios for a private investment research company.
Michael graduated from the University of Kansas with a degree in business communications and is registered with the State of Illinois and the SEC (Securities and Exchange Commission) as a Licensed Investment Advisor (Series 65).
