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Apple Is Turning Green With Cash

Stocks in this article: AAPL KO YHOO GOOG MSFT

Apple has so much cash available, it could do a lot of things. For instance, it could buy Yahoo! (YHOO) just to compete against Google (GOOG) in search, and instantly become a worse-case for Google.

With an offer of $50 billion and memories of a failed buyout from Microsoft (MSFT) not too long ago, Yahoo! investors might not be nearly as quick to turn away.

Yahoo! owns a significant stake in Alibaba, giving Yahoo! a major presence in China. China is increasingly turning into the most valuable market. At the same time, Google is now in the hardware business creating a collision course for both companies. Buying Yahoo! allows Apple further growth opportunity while bringing the fight to Google.

That's just one of countless options available to Apple for continued growth beyond the smartphone market. Another is expanding iPad sales. Just around the corner we should see the latest upgrades to the familiar tablets.

If Apple executes well through the critical holiday shopping season -- and there is little reason to believe they won't -- exceeding the $600 a share threshold within the next year is reasonable. It's hard to imagine why it won't.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Robert Weinstein is an active trader focusing on the psychological importance of risk mitigation, emotion and financial behavior of market participants. Robert co-founded the investing blog StockSaints, where he writes a journal about his trading activity and experiences.

In addition to TheStreet, Robert also contributes to Real Money Pro, providing real-time trading ideas for stocks, options and futures.

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