Taking Another Bite of the Apple

[PostStockWidget pricetype="live" manual_date="Nov. 21, 2012, 2:04pm GMT" symbolcodes="'AAPL'" symbolprices="535" div_align="right"]

Previous stock market darling Apple Computer has declined 23% since recent peaks as doubts are cast on earnings growth rates, fiscal cliff impacts and future component orders for the iPad business line. We recently took advantage of a downswing to purchase AAPL under $540 and look to do this again now. We do expect the company to find a solid base here above $500 and our valuation range remains unchanged.