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Cash Position Best for Apple Investor

Apple is exactly the company I want right now. 20 billion in cash with ZERO debt. Based on today's stock price that is about $23/share in cash. P/E under 20 for a company with 20%+ growth. Strong management, strong products.

The economy might be tanking, but the customer base of Apple: wealthy, educated, and employable. Students will still buy computers. Households will cut back on other things, not computers. Computers are now a must have item. Along with cell phones.

I'll be adding to my Apple position. In fact, I'm getting ready to pull a John Templeton.