Companies of Interest

We’re often asked for opinions on Apple (AAPL) and our approach/outlook is unchanged … at least not much. We do note that AAPL flipped to a bullish point-and-figure condition with a slight boost in price objective. But we still see the stock as vulnerable to a continued price drop or extended trading range. I still love the answer that Jeff Gundlach gave during the Q&A following a recent webcast. His response to “Should I buy Apple?”: “That depends. Are you really, really, really a long-term investor? How will you react if the price drops from $425 to the low $300s? If your time horizon is relatively long and you’re comfortable with a price that plummets from time to time, I’d say it’d be OK to buy/accumulate AAPL.” We still think that trailing stop protection on stocks like AAPL is a really good idea.

Expectations at Hugh’s Staples (SPLS) did relax a little bit — but the long-term outlook (for patient investors) is still strong.

Recent Round Table selection Intel (INTC) is among the best-positioned companies in the Issue 7 update.

Materially Stronger: Synaptics (SYNA), NCR Corp (NCR)

Materially Weaker: Logitech (LOGI), Garmin (GRMN), Skullcandy (SKUL), Standard Register (SR), Staples (SPLS), Cirrus Logic (CRUS)