Not mortal men. Everyone is buying Apple (AAPL) right now because of their strong holiday sales. They may continue their record margins throughout the year? Maybe not. They could get to $600 a share as a result. So if you have enough to spend $446 a share tomorrow morning you could jump in. But you might be making a mistake.
There are several equities that could very well double this year under the same market conditions that would push AAPL to $600. I believe a few of these are Sirius (SIRI), Ford (F) and AMD (AMD). Sirius is flush with cash, a possible acquisition target of the Liberty Media Group. Or they may pay down some debt with their cash or make an acquisition of their own (Pandora?). Not such bad options. Ford closed at 12.93 today. With an EPS of 1.66 and a PEG ratio of .11, which could change on this Friday’s quarterly call, it’s safe to believe they could hit $24 a share this year because of the P/E ratio and comparison of other EPS in the auto industry. Ford’s under valued. AMD has paid off their failures and continues to make headway into the server market with their processors. Now that the great Thailand flood hard drive shortage is history they might start selling more GPU’s. Wells Fargo has them rated Outperform.
All of these tickers cost a fraction of the AAPL juggernaut and chances are they will produce a higher yield than Apple even if they don’t double. Personally I’m targeting 80% return in 2012. This could be the year it is possible.
Disclosure: I am long AMD. Soon to be long F.