Why I’m Buying More Apple Inc. (AAPL) Stock

Page 2 of 2

Those are the multiples that a lagging, second-tier company deserves — not a revolutionary, best-in-class company with three-year compounded sales and EPS growth rates north of 50%. Like In-N-Out Burger or the Beatles, Apple creates things that people line up for. Unlike just about every other large company on the planet, Apple’s having trouble making its products fast enough to meet consumer demand. Apple’s also a company that has a huge opportunity in the TV space in addition to the 18% sales growth it posted on its current lineup of smartphones, tablets, and computers.

Can you imagine? A company that has too much cash, too much demand for its products, and legitimate areas for growth trading at dirt cheap earnings multiples? I like these odds, and I’m buying more Apple.

The article Why I’m Buying More Apple Stock originally appeared on Fool.com and is written by Anand Chokkavelu, CFA.

Anand Chokkavelu, CFA, owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2