Originally Posted by bwik
A buyback at $600 a share for AAPL would be totally asinine. The buyback, if ever, should have occurred 4-5 years ago. The power of it would have been multiplied. To do it now is pathetic.
I don't think Apple is trying to get a bargain on AAPL. They believe in the company, feel that it will go up, and true to form, think and act carefully and wisely, rather than just Buy one day when the price dips. It shows confidence in the future prospects of the company.
Originally Posted by KDMeister
I would rather see Apple stick to their guns despite all the pressure from the investor community. I'd rather see Apple shares go up because of organic growth and not because of dividends. Buybacks are the biggest waste of money - the money will go into thin air when the stock price comes down at some point. I'd rather see Apple end world hunger than pay people who already have a lot of cash to spare. After all they have money to spend on Apple products and Apple shares.
Apple has no responsibility to end world hunger or any of the other social responsibility crap that vultures throw at them because they're rich. Social responsibility is of UTMOST importance, but a company is here to make money. If anything, go knocking on the rich Executive's doors about donations, leave the business alone, as its job is to generate revenue for owners.
Originally Posted by melgross
The problem with share repurchasing is that it throws money away. It's GONE! Nothing can be done with it. And for most companies doing it, it doesn't result in share price accumulation over the long term..
.... Unless of course they sell the shares back when the stock price goes higher.
Originally Posted by Shaun, UK
I wasn't trying to be cynical. I didn't realise stock yields were that low in general. I always thought people owned stocks for the dividends rather than the share price.
I could care less about Dividends. They're simply a perk to me. So sure, as an Investor, I'm happy. I care about share price appreciation. That's what dictates a truly good company, truly great company performance, and that's where you make real money.
Originally Posted by jragosta
That's a far cry from the people who were insisting that if Apple did a dividend that the share price would jump by 15% or so.
Give it time.
AAPL doesn't usually respond so dramatically to good news initially. Remember earnings? A measly $25 jump that day, yet a continuous upward correction into the $600's and beyond.
P.S: I've been watching the price movement for $30 minutes, and it is sitting there in the $599's, like a tug of war between low $599's and $600's! It touched $600 and it creeping there again. I want to see it get in there!