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7 Tech Stocks Challenging Their Dot-Com Price Highs

But not all of these picks are buys

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3/21/2000: $33.74
3/21/2012: $602.50

Making your money back about 17 times over is obviously much better than break-even. And it’s obvious to most that Apple (NASDAQ:AAPL) has more room to run. A few reasons why include:

  • Apple’s new dividend of $2.65 per quarter, for a dividend yield of about 1.8%.
  • The dividend is coupled with a $10 billion buyback plan for AAPL stock.
  • The “new iPad” and a price cut for the iPad 2 will tighten Apple’s firm grip on the tablet market.
  • Apple’s first-quarter earnings report showed profits rose 118% — so it’s still growing strong.
  • Based on fiscal 2013 earnings forecasts of $49 per share, AAPL stock has a reasonable forward P/E of 12.2.

I said Apple was a bargain at $500, and I still think it’s a pretty good buy even at $600.

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