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Some see Treasurys as a safe haven. But for Ticonderoga's Brian White, Apple (AAPL) fits the...

Some see Treasurys as a safe haven. But for Ticonderoga's Brian White, Apple (AAPL) fits the bill - White calls it "a beacon of hope in an increasingly concerning world." White is reiterating his Buy rating and $612 PT on Apple's shares, while lifting his FY2011 and FY2012 EPS estimates due to higher forecasted iPhone and iPad shipments.
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Comments (2)
  • kmi
    , contributor
    Comments (4030) | Send Message
     
    It may be good today, but like i've said before... the fall of Palm, and the collapse of of Niokia and RIM, really point out the smartphone arena can be far more volatile than consumer staples... or treasuries....
    12 Jul 2011, 11:15 AM Reply Like
  • tjohn1
    , contributor
    Comments (152) | Send Message
     
    True U.S debt is not as good as gold right now. But no stock whose value fluctuates all the time is as liquid as treasuries. Going to fundamentals liquidity is defined as ease with which you can recover your investment without any loss in value. Apple is right now a growth stock but no liquidity substitute. If things do not work out Apple can decline in value. It happened to so many other stocks.
    12 Jul 2011, 11:21 AM Reply Like
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