James Altucher Says Apple Should Sell for $1,000 a Share

Mind you, this is from May of 2011, before the passing of Steve Jobs and before the surge up near $500 a share. Now Altucher’s $1000 a share price target for Apple is looking more and more like a very sensible call when a year or so ago this seemed absurd. Apple has close to $100 billion in cash and new products are on the way, from the iPhone 5 to the iPad 3 to Apple TV. Again, Apple is a stock you almost have to buy on dips. However, those dips are getting tougher and tougher come by as nobody’s selling. Oh yeah, there’s also the growth explosion ready to hit over in China. Good grief, what an amazing company.