The Cheerleader Jim Cramer Goes Ga-Ga for Apple, Raises Target to $325

Jim Cramer is a livid idiot, but he is right about Apple.

This evening Jim Cramer raised his price target for Apple to $325 based on a $22 FY2011 earnings estimate.

He points out that Apple is not only a technology company, but is also the greatest retailer in the world.  He points out correctly that they are making over $4k per square foot of retail versus Whole Foods, the second most efficient retailer, which makes $800 per square foot.

I cannot stand Cramer.  I think he is the biggest spanker in the world and I usually just turn off the TV when I see him.

I use Apple products, but I have never been so crazy about the stock.

However, when you look at the company it does look like a once in a lifetime thing.  I actually think Cramer is probably right.

 

Jason Rodgers
Jason Rodgers: Jason Rodgers was an experienced research analyst for a major bank prior to retiring to run his own investment consultancy in beautiful Lihue, Hawaii. Jason contributed articles to BestCashCow from 2008 to 2014.

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