Apple, Inc. (AAPL) closed at $610 yesterday (Wed Apr 25). That’s huge when you take into account one year ago (Apr 26, 2011) it closed at $350.42. With the loss of Mr. Jobs in October people feared the company could loose direction at the helm. It appears Mr. Cook is doing right by the late-great Mr. Jobs, the Apple employees and especially the stockholders. With an impressive career in his own right, Tim Cook may not have the over-the-top personality of his predicessor but he does have the brains to take Apple even farther.
On a side note to pat myself on the back. One year ago in my MBA Accounting class my project was based on doing a full analysis of Apple, Inc. and making a buy, sell, hold recommendation. I decided to be bold and say buy which is not an easy call with a pricey stock. Verizon was coming to the iPhone table and I just knew that was going to be a driver. Of course the caveat was being able to afford to buy stock that was trading in the low $300.
My only mistake….not taking my own advice. The stock is trading at nearly twice what it was when I recommended BUY. Now only if I can find a small IPO that I can get the same feeling on. I could be writing this from my beach chair overlooking (insert any tropical location).