Historically, tumultuous times offer some of the best opportunities to buy stocks, and the market's current mess surely qualifies. And certainly, leading companies like reinvigorated computer and smartphone maker Apple
In our Motley Fool CAPS community, 21,935 investors have given a bullish or bearish opinion on the company. Poring through the detailed information packed in pitches and other comments, I've dug up three of the top reasons why many members consider Apple stock a buy today:
1. Innovative products: To stay ahead of intense competition, Apple recently unveiled improved MacBooks and a faster and cheaper iPhone. The new iPhone 3GS ups the ante for other touchscreen devices like the Palm
2. Continued performance: In a tough economy that's pressuring revenue at companies like Intel
3. Strong balance sheet: Unlike Palm, Apple's balance sheet is solid and deep, giving it plenty of flexibility. Apple is swimming in cash, with more than $25 billion in cash and short term investments. It has no debt and generated $9.1 billion in free cash flow over the past 12 months.
Of course, Apple shares aren't cheap. And there's a lot more devil in the details of these buy-side opinions, which is why CAPS is such a great resource to check and balance your own analysis. You can read the bullish and bearish sides to every stock. To see what the very best CAPS members are saying now about Apple, just click on over to Motley Fool CAPS and have a look -- it's all free, and your opinion's welcome, too.
The Motley Fool Stock Advisor service looks for companies like Apple poised to beat the market over the long haul. To see all the stocks that have helped Tom and David Gardner beat the market by 41 points on average, take a free 30-day trial.
Fool contributor Dave Mock swears his ear is still bent from being handled too roughly by his grade school teacher. He owns shares of Intel. Apple is a Stock Advisor recommendation. Intel, Nokia, and Sprint Nextel are Inside Value selections. The Fool owns shares of Intel. The Fool's disclosure policy has a steel plate in its leg, but you'd never know it without a strong magnet.