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Forget the lipstick, break into the piggy
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By
Carolyn
Mathas
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Mobile Handset DesignLine
(09/29/2008 1:16 PM EDT)
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I get that the stock market would naturally bounce around based on bank failures, and bailouts. Today, however, Apple is down 15% after several firms cut back recommendations on the stock.
I have no idea (really) if Apple is a good deal or not. I do know when companies are basically sound, innovative, and prolific in the product department, and yet their stock backs off substantially, well, it sure seems like time to break into the piggy bank.
The biggest problem it would seem is whether or not there are sufficient funds in the hands of the investor to be able to ride out this crisis without dipping into the same piggy bank. If so, doesn't it seem like it's time to go shopping when firms that didn't know enough to see all this coming, now say a company isn't going to do well? Yeah, like I'd trust that judgment. Just a thought.
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