A good cash position, a cheap price-to-earnings ratio and capable management are reasons to consider investing in
stock, according to Charles Lemonides, Chief Investment Officer with M&R Capital Management, who appeared on
According to MacCentral readers, Lemonides categorized Apple as a “much better play” than Dell Computer, saying its corporate management was just as capable as those at Dell.
With some US$4 billion in cash for possible future investments in the bank, Lemonides said Apple was “in a good position” to weather future economic clouds. Calling Apple’s price-to-earnings ratio “dirt cheap,” Lemonides said his firm has been buying Apple stock for its customers.
Apple’s stock has been trading in the $20 range since January 29. Apple stock
closed Wednesday at $20.75, down 37 cents or 1.78 percent.