5 $100-Plus Stocks That Are Huge Bargains

You'll have to plunk down some Benjamins, but it could be worth it

Apr 19, 2012, 7:00 am EDT | By Jeff Reeves, Editor of InvestorPlace.com

Apple

Apple (NASDAQ:AAPL) is the obvious high-priced tech player. But Apple is a “bargain” right now after a recent slide, off about 5% from its 52-week high of $644. Although you might only be able to buy a few shares of this tech giant, it could be well worth it.

I have covered the reasons in detail in previous articles, but highlights include:

Cash Hoard: Apple is sitting on a huge stockpile of $30 billion in cash and short-term investments and another $67 billion in long-term investments.
A New Dividend: Starting in July, shareholders will get a $2.65 quarterly dividend for a decent 1.7% yield.
No Sales Slowdown: Revenue has tripled from 2008 to 2011, from $32.4 billion to $108.2 billion. Everyone keeps wondering when Apple will hit a wall, but don’t expect that to happen when Apple earnings are reported April 24.
Gadget Dominance: The recent revamp of the iPad, the launch of an Apple flat-screen TV and a highly anticipated iPhone 5 launch this summer will keep Apple on top of the consumer electronics market. You can expect revenue to keep moving up for some time.
Bargain Valuation: All this hasn’t caused Apple to outrun its earnings, with a reasonable forward P/E of about 11 right now based on fiscal 2013 forecasts!