Originally Posted by igriv
If you own AAPL, and you need to buy a house, or take a vacation, or retire comfortably, then Apple stock needs to reverse its losses. If you are willing to wait for five years for the next insanely great product, you are in a different position, and can take comfort from how great Apple looks on paper.
I don't know who you are, but you are unerringly debating in favor of Einhorn's position, and brushing aside all the good sense of those opposed as if they have no validity. How does "Apple stock reversing" have anything to do with 'preferred or not preferred, and WHO gets to decide that"?
You are also painting opposition to Einhorn's position as foolish, short-sighted, etc. This post here works to divide us all into an image of your own making. Two camps. those with the 'luxury to wait around happily cheering on Apple" ('on paper' implies that they aren't as strong as they appear…? seriously?) and "those who need Apple to reverse its LOSSES"….
The STOCK took a hit. Apple hasn't seen any LOSSES in a long while. Apple itself is in fine shape, immensely profitable and with a growing cash pile. Some of us are looking beyond the immediate arguments. I ask, WHY has the stock been hammered, if the company is in such great shape? It reeks of manipulation. And lo and behold, a financial shark (Einhorn) appears in the midst of THAT, going after Apple aggressively regarding changing the earnings game…? And you argue entirely on the behalf of that position? M-hm...
It isn't wise to invest money into the stock market that you had earmarked for buying a house… the stock market is NOT a moderate-to-low risk environment. Vacation money, retirement money… stock market is the LAST place those are invested, or you're putting those at undue risk.
Apple's stock price WILL go up, a lot, and quickly. As soon as people like Einhorn get out of the way and let it accrue naturally. While they're CREATING the downward pressure through carefully timed 'analyst' releases and buying manipulations (based on a background agenda like the one apparent here now), the stock will not mature as it should.
Einhorn will lose the push to allow preferred shares. He will cease his campaign, and the stock will rebound quickly toward where it should be. Why would you have a problem with that?