Stop Trading: Cramer Continues To Find AAPL A Buy
In his Monday’s “Stop Trading!” segment on CNBC, Jim Cramer said that it is best to diversify into real estate and buy “out of favor” property in Mexico. These properties are “a great buy ... no property taxes ... is easy to maintain," he added. He also pointed out that Mexico is one country where no state or province “is involved in the drug trade.”
Cramer disclosed that he owns three houses in Mexico. He also believes that San Miguel in Mexico is a "nice place" that can make a "comeback."
Jim mentioned that Steve Jobs, CEO of Apple Inc (NASDAQ: AAPL), is facing the wrath of other smartphone makers, like Research In Motion (NASDAQ: RIMM), HTC and Samsung, after he commented that iPhone 4 is not alone in facing the antenna problems.
According to Cramer, Jobs made these remarks because he grew tired of negative media reports about Apple. Cramer continues to believe that the market is overreacting and AAPL is a buy, given the amount of money generated by the company for its shareholders.
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