Leon Cooperman Still Likes Boston Scientific And Apple

Last year at the Delivering Alpha conference, one of Leon Cooperman's picks from Omega Advisors was Boston Scientific BSX which is down 13% since he made that call. Leon Cooperman just told the audience that he is still long Boston Scientific. Mr. Cooperman likes Boston Scientific's business as it throws off $90 million of free cash flow per month. He said if Boston Scientific was broken up, it'd be worth twice as much as it is now. Leon did have success with his best idea from last year which was Apple AAPL that is roughly up 50%. He still thinks Apple is undervalued and is still holding the stock. On a side note, when Leon Cooperman joined Goldman Sachs the Dow was 850 and 15 years later it was at 850. Cooperman thinks the next several years will be volatile and could see similar trends to what happened in the 1960s.