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FA Center: Why Apple stock is still a buy — even at $200 a share

My wife and I gave our first son an Apple II computer for his ninth birthday. When he opened the box, I took the instructions and he took the computer. He had it up and running before I finished reading the instructions.

Legendary mutual fund manager Peter Lynch said that some of his biggest winners came from going to a mall with his daughters, giving them some money, and seeing where they spent it. He argued that, “ If you like the store, chances are you’ll love the stock.” His shopping strategy might be justified by the argument that new stores fly under Wall Street’s radar.

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