jimmy smith

Are Glorious Days Ahead for Microsoft?

i think the point with MSFT is that it is deeply undervalued right now.

you're looking at the difference between a company and its stock. you can have a great company (AAPL) but whose stock is already pricing in perfection, and thus does not offer a very good future expected return.

MSFT is, right now, +30% undervalued. you add in the dividend and the growth (15% for 2009) and you have an excellent expected return.