Best Stock for 2012: Microsoft
Blogger, author and founder of Stockpickr James Altucher joined a similar InvestorPlace.com feature in the beginning of 2011, picking one stock to buy and hold all year. Back then, he picked Microsoft (NASDAQ:MSFT) — and his choice is the same a year later.
Similar to his previous write-up, the highlights of this year’s recommendation include:
- 8x earnings
- Huge stock buybacks
- Secret weapon: Skype replaces all smartphones within next five years
The idea of Skype taking over the mobile market is intriguing, considering voice represents so little of what we can do with our smartphones these days.