1 Cheap Stock I Bought, and Why: Social Proof

In this video, Blake Bos explains his contrarian position on Apple. The stock is down 33% over the past three months or so, and Blake believes this is an overreaction. Apple has good cash flow, it has cash in the bank, and it sells at a great valuation. Blake believes following the crowd is a strong influence on Wall Street and that investors should be careful not to do so. Instead, he says to look for opportunities in companies that have been unfairly dumped.

Blake has no specific timeline for Apple. He's holding it until a better investment comes along.

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, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, 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.


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