As Expected: Apple Falls, Market Surges
Feb 27th 2013 8:20PM
Updated Feb 28th 2013 1:50AM
Going into Apple's shareholder meeting today, investors were optimistic that the company would make an announcement regarding how it would begin distributing some of the cash on its balance sheet. This anticipation had shares up yesterday, and the lack of an announcement saw them lose yesterday's gains. In this video, Motley Fool senior technology analyst Eric Bleeker tells investors that with a company like Apple, you must be patient. This is a long-term investment thesis, and while there will definitely be some short-term volatility based on rumors and speculation, Eric advises that you hold strong, as this company will almost certainly be announcing some kind of plan to return capital to shareholders in the near future.
There's no doubt that Apple is at the center of technology's largest revolution ever and that longtime shareholders have been handsomely rewarded, with more than 1,000% gains. However, after the company's 35% backslide since September, there is a debate raging as to whether Apple remains a buy. Eric is prepared to fill you in on both reasons to buy and reasons to sell Apple, and what opportunities are left for the company (and your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.
The article As Expected: Apple Falls, Market Surges originally appeared on Fool.com.Eric Bleeker, CFA, has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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