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Tuesday, 24 July 2012

Forbes Reveals, What Does Apple have to do for its Stock To Reach $740?

Conservative estimates place the tech powerhouse trading well above $700 within two years, from $604 today. That's the sort of return that has some portfolio managers salivating.


A wise investor would keep Apple at the tip-top of any shopping list. Buy it for value as much as growth.
Conservative estimates place the stock trading well north of $700 within two years, from $604 today. That sort of gain has Russell Croft, a co-portfolio manager of the Croft Value fund (CLVFX, $23), positively salivating. Together with his brother and father, Croft has guided the fund to an annualized 10-year return of 8.5% versus the S&P 500′s 6.9% gain. Croft likes Apple and a number of other relatively inexpensive technology names, as well as some less-heralded companies.

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