Is Apple’s Stock Truly The Buy Of The Century?

Apple’s stock has been the darling on Wall Street for a couple of years.

Up, down, up, down, up again and again. Wall Street loves that. Is AAPL the “Buy of the Century?”

That’s a very strong statement to make, though Apple’s stock performance in recent years has been strong, too.

If you look at Apple’s stock for the past 24 months, it’s a wonderful graph—more ups than downs. AAPL is trading at or near record levels even now.

If that’s the case, why are so many industry pundits predicting anything but the obvious? What’s obvious? What goes up must come down.

Over the past few years, Apple’s stock has done a wonderfully steady and delightfully upward climb. Meanwhile, competitors Microsoft and Dell have given their shareholders fits.

Microsoft’s stock is in a near five year flatline, and Dell is under water, and valued less than Apple.

Jim Cramer of TV’s MadMoney says Apple is now “the buy of the century.” How is such a prediction possible?

Isn’t Cramer that crazy guy on MadMoney? You know, the one with the horns and fans and buzzers and crazy view of everything in stocks?

Yes, that’s the same guy. He’s loved Apple’s performance and stock for a couple of years and now says the upcoming, fully unannounced Apple iPhone will capture the market. Well, maybe the ring-tone market.

TheStreet quotes Cramer as saying, “Buy the heck out of Apple.”

Why should we take advice from a crazy guy on TV who shouts and sweats? This Cramer isn’t your Seinfeld Kramer.

This Cramer is a co-founder of TheStreet.com, host’s CNBC’s MadMoney show, and CBS Radio’s RealMoney. He was also a founder and columnist for SmartMoney Magazine. That Cramer.

Other credentials include a degree from Harvard Law School. Maybe he’s not so crazy after all. But “the buy of the century?” Come on. What’s with that?

How high can Apple’s stock go, despite all the recent analysts pushing it over $100? That’s the real question isn’t it?

Think about it. With flourishing Mac sales, a grow market share, and a commanding lead in portable media players, Apple’s flying high.

With not much more than a wink and a nod, Apple is already influencing the cell phone market, Windows Vista’s launch, and the living room via an unreleased no-detail iTV product.

If Apple’s really got a truck of products in the pipeline to tackle those markets with their huge upside potential, well, maybe $100 or so isn’t enough. After all, Google is still hovering in the upper $400 range.

What does Cramer know that we don’t know? Should we follow his lead and “buy the heck out of Apple?”

One more thing. A recent survey says Mac users are older than PC users? Are you a Mac user? How old are you? Click Here to check the survey details.