Analyst: Apple is Ripe for a Buy

From Forbes

After chatting with an Apple executive at a technology symposium, at least one equity analyst is bullish on the future of the company.

Goldman Sachs analyst David Bailey recently sat down with Apple's chief operating officer, Tim Cook, a meeting that left the analyst feeling very confident about the computer maker. There was no breaking financial news to report from the sit-down, Bailey told his clients, but the meeting reinforced his view that Apple shares represent a core holding and should be bought on any weakness.

"Apple continues to reinforce its emphasis on and ability to innovate at levels that separate it from other companies," Bailey said.

The company's unusual culture, the analyst wrote, is embedded enough to virtually ensure a continuing string of breakthrough products beyond the iMac, iPod, OS/X and iPhone.

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