Originally Posted by anantksundaram
What is a 'safe heaven' [sic] for large institutional investors? Care to explain? And in what way is Apple a safe haven? How does mark-to-market accounting 'benefit' from stability? Surely, that depends on whether the market is rising or falling? And, in what way is Apple a 'stable' tech stock? Using what metric/benchmark? And, what is the connection between stability in tech and non-dividend payments?
Oops, heaven wasn't a clever metaphor it was a typo.
Because any portfolio will contain securities that move up and down contrary to each other or have offset cycles; basic materials, manufacturing, commodities, retail sales etc. Not sure what you're asking here, it seems rhetorical.
What is a stock that 'swills around?' What is a 'moderately large mutual fund?' 2-3% of AAPL, meaning 2-3% of their fund, or 2-3% of AAPL? And, if the former, do you know that tax laws encouraging prudential diversification require you hold no more than 5%? So, why would be surprising or unusual? Is it different for any other major tech stock?
Swills around is a poor metaphor, but really, was it worth pointing out?
I meant 2-3% of their fund, and I was also pointing out this is a large amount, not a small amount, so your comment about diversification wasn't necessary. We're not talking about other tech companies, although it would be similar for other large cap tech stocks.
This one statistic alone gives away the fact that you are an utterly clueless bloke, blowing smoke. Care to provide a cite?
70% of the stock is instutionally owned, a simple google search will show that. This isn't wikipedia or 10th grade so I didn't think I needed to cite that, but I'll make an effort to back up wild stats in future and not post exhaggerations for dramatic effect, which is what I did. I rushed my post to be honest, the 25%, I pulled out of my arse.
So, there are 17 members of the board, assuming 30,000 chares each, plus 10,000 purchased (we know Eric didn't take this up, so it's probably a wrong assumption anyway) is around half a million shares - there are 895 million shares on the market, so at most the board would have 0.57% of the shares.
'Me.' (Wording issues aside, care to provide a cite to the actual data)?
Actually 'you and I' is perfectly acceptable in written English, particularly British English, although my wife (who's a journalist) pulls me up on this all the time, so she shares your opinion. When people point things like this out on forums though, it's somewhat inimical.