Howard Ward: Within The Next Month, Apple Will Announce Plans For Its Cash, And Put A New 'Floor' Under The Stock

Fund manager Howard Ward of GAMCO investments is on BloombergTV this morning with Tom Keene.

He says his No.1 holding remains Apple, and that he is a bull on the stock despite the big dive.

The big catalyst for a comeback?

Ward predicts that within a month Apple will make an announcement regarding its prodigious cash pile, setting a brand new "floor" underneath the stock.

More generally he just thinks it remains damn cheap.