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.
Blake Bos owns shares of Apple and Omega Protein. Isaac Pino, CPA, has no position in any stocks mentioned. The Motley Fool recommends Apple and shares of Apple, Omega Protein, and Sturm, Ruger. 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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