After reporting one or two more solid quarters, fund money will again flow into Apple, which not only retards the selloff but turns the media around to the bullish thesis again. Fund managers won't have much of a choice, and they won't want another choice. Apple pays a 2.5% yield with a forward payout ratio less than 12%. Once you remove the declining margin issue, which I think Apple will, you remove any reason why large funds won't want to increase their exposure.

We can expect margins to increase because energy prices are falling. As long as oil continues to fall, the cost of production and distribution of Apple's products will remain favorable. Lower energy prices also mean that consumers will have more disposable income, and that is what will continue to keep demand high for Apple products.

To be sure, Apple can fall further, but unless there is a significant negative shift against Apple in the space that no one can predict, Apple's margins should improve, not deteriorate. Buy Apple now, or you will likely have to buy at a higher price in the near future.

At the time of publication the author held no positions in any of the stocks mentioned.

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

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