Photo: Beck Diefenbach, Reuters
Fund manager Howard Ward of GAMCO investments is on BloombergTV this morning with Tom Keene.He says his No.1 holding remains Apple, and that he is a bull on the stock despite the big dive.
The big catalyst for a comeback?
Ward predicts that within a month Apple will make an announcement regarding its prodigious cash pile, setting a brand new “floor” underneath the stock.
More generally he just thinks it remains damn cheap.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.