Time to Buy Apple and Google - 10192 views

By Stockpickr Guest Columnist Glen Bradford

Attention all you Google (GOOG) and Apple (AAPL) fans. It’s time to buy.

Apple is priced to grow at 10.8% and is clearly capable and expected to do much more; analysts expect 23%. Google is priced to grow at 13.1%, and is expected to do 26%.

I don’t usually name top-shelf companies as buys, but these companies fit my models as far as being highly predictable and high growth. I wasn’t talking about them a few months ago because they weren’t in my price range. They aren’t ridiculously cheap, but they have a thunderous upside that comes from their brand-name recognition, and their 52-week price range offers tremendous “rebound potential.”

Google has been my search engine since I can remember. Next stop: $500, and probably before the end of the year. And that’s me being conservative. The analogy here is that Google’s stock price temporarily got the wind knocked out of it. Relax, take a deep breath, and soar!



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I actually just ran my iPod through the laundry machine. Turns out that I can drop it in a storm drain in the middle of a torrential downpour, fish it out and make it work, but it’s no match to laundry detergent. Most Apple customers are repeat customers.

Apple is a seasonal company, and it's season is upon us. Next stop: $160. I figure if you buy five shares of Apple now, you can sell them by Dec. 15 and have an IPod in your stocking by Christmas.



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All the Apple and Google fanatics out there who have been bullish these last few months are going to be saying, “I told you so,” sooner than later. As for me, I’ll just be glad that these great companies were oversold and gave me an opportunity to purchase them really cheap.

I own Apple and Google-- I need that iPod.

Posted on Oct. 15, 2008

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