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Apple, Inc. stock closes at $533, highest point since start of 2013

post #1 of 39
Thread Starter 
Apple stock closed up nearly 2 percent today, reaching $533.40 for the highest close since the first days of January.



The company's stock is now up slightly from the beginning of 2013 for the first time since plunging $100 per share in January and remaining in the low $400s throughout most of the spring and summer.

Apple took advantage of its acutely low stock price in a buyback program that floated a bond offering to buy back 47 million shares.

The 36 million shares Apple bought back in the June quarter at an average of $444 per share would now cost an additional $3.2 billion to acquire again at the current price.
post #2 of 39
Daniel, three articles in a row on the same day. That must be a record. :-)
post #3 of 39
Apple is doomed.
post #4 of 39

Is it possible that investors have finally sorted through the nonsense and predictions of gloom/doom so prevalent this year? If you dig deep you find such gems as the iPhone and iPad making tremendous inroads into the business market. Are investors finally figuring out that all those Android devices being activated could be ripoff video dongles and ultra cheap, barely functioning devices? U.S. market share is growing, not declining. China Mobile kicks in shortly.

post #5 of 39

Board members like Andrea Jung and Gore (Ego filled Politician in Innovative Company lol) needs to be fired then you see Google like Move above 1000 in Apple!

 

Apple Team is Great but Board have some shitty lazy useless members :p 

post #6 of 39

Any idea what might have sparked this jump?

post #7 of 39
It was January 4th that the price dropped below the $542.10 of January 3rd (My repurchase date) to $527.00 with 21M in volume and proceeded to slide. Even though Apple's financials were positive and the only downside was that the 4th calendar qtr was a 13wk qtr compared to a 14wk 4th qtr in 2011. Wall Street really sandbagged Apple both in January and in April causing the stock to plummet both quarters (almost shades of stock manipulation) even though the financials in both those quarters were well above their peers whose stocks tended to flourish.
KennDDS
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post #8 of 39
And it's about time. Apple finally went to register a positive share price YTD although its 52 weeks share price is still sitting comfortably in the red zone. Oh, Tim Cook. You're killing faithful long-term Apple shareholders by making us sit around and watch Microsoft have a post-PC era of 40% share price gain in 2013 and Google and Amazon getting around 38% share price gains. Apple had to get stuck in the desolate Grand Canyon of deep-red losses.

I'm glad Apple bought back plenty of shares but it hurts to see the rest of the stock market soaring into the stratosphere while Apple couldn't dig it's way out of the muck. It's just too difficult for a retail investor to grasp the insensibilities of a profitable company with a mountain of cash to have investors shun it like a deadly plague.
post #9 of 39
You can't blame apple or cook on this. It's the stock market attacking a great company, plain and simple.
post #10 of 39
Quote:
Originally Posted by helicopterben View Post

Board members like Andrea Jung and Gore (Ego filled Politician in Innovative Company lol) needs to be fired then you see Google like Move above 1000 in Apple!

Doubt it.
post #11 of 39

I wish you were right. It will go much higher than where it is now; but open your eyes, look at your own chart and then re-post reality.

post #12 of 39

Doomed for what? More like destined for further greatness.

They are already the most valuable company in the world.

What are you smoking?????????

post #13 of 39
Quote:
Originally Posted by Michael Suozzi View Post
 

Doomed for what? More like destined for further greatness.

They are already the most valuable company in the world.

What are you smoking?????????

 

You clearly don't come here much! The guy was joking.

post #14 of 39

No particular reason for the rise. Conversely, any reason you can think of may be responsible. But markets, in general, demonstrate seasonality.

post #15 of 39

Are you his voice?

How do you know what he is thinking?

post #16 of 39
Quote:
Originally Posted by EricTheHalfBee View Post

Apple is doomed.

"It's people like you what cause unrest." :)

post #17 of 39
Quote:
Originally Posted by Michael Suozzi View Post
 

Are you his voice?

How do you know what he is thinking?

 

Eric was joking, man. Stick around and you'll get into it.

na na na na na...
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na na na na na...
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post #18 of 39
Quote:
Originally Posted by Michael Suozzi View Post

Are you his voice?
How do you know what he is thinking?

"Apple is doomed" is a calling card to sarcasm here.
post #19 of 39

Too bad apple wasn't buying their stock hand over fist when it was 400 bucks.  Epic fail for management.  If they had any visibility they should have dove in earlier and with a much bigger buyback over a shorter time period.  At 400 they knew ex-cash the stock was 250.  If they internally knew they could hit about 40/share in EPS that was just 6 times earnings.  A number beyond absurdly cheap.  Over 16% earnings yield versus the almost zero they got on their short term investments.  A 16 percent earnings yield doubles your investment every 4.5 years. 

 

Instead apple sat on their you know what watching the stock crater and doing nothing.  Yes the current buyback and the first buyback were both not significant especially after you take into account all the employee stock option dilution.  

 

Apple from the financial side has been woefully mismanaged.  Carl Icahn knows this as do many people who understand shareholder value WHILE running your company.  Apple could have done the 150B buyback when the stock was 400 bucks and still had enough juice to run the company and pay back the loan (against offshore cash reserves) in 5 to 7 years.  Meanwhile the float would have been reduced by almost 40%.   

 

Did apple management just have no faith in the future?  You might think so if you looked at all the top board members and top executives sale history.  Whenever options vested they almost all got blown out.  Top execs were holding a few hundred shares to zero shares.  Smaller private retail investors were holding more stock than the top brass.   

 

Will they get smart and listen to Icahn?  Probably not.  

 

I think Apple will at some point face even more margin pressure and share loss.  I just bought an ipad mini retina.  I'm a big apple fan with 4 ipad 3's, 3 iphone 5's, an ipad mini retina now, imac and macbook pro.  This was the first time I looked at the price and started looking at alternatives like the nexus 7.  I didn't switch teams yet but the fact I even looked scares me.  I feel like I would pay less for an Android tablet and certainly get less than the ipad mini gives me.  However the gap is much less than it ever was in terms of product but the pricing gap feels even bigger.  Not a good trend.

 

I hope apple doesn't sacrifice quality ever but I can't see them holding these prices over the coming years.  I also don't think they need to.  Maybe price a bit more competitive and make up some of the margin erosion in the volume of sales increasing as a result of the more competitive pricing.  Time will tell

post #20 of 39
2112 was a year of a speculation bubble that artificially raised Apple stock above where it should have been. That made investors who lost a lot of money on Apple stock shy. I expected all of 2013 to be a sort of mirror image of that bubble, artificially lower than it should be. Maybe we're at the end of that a little earlier than I guessed.
post #21 of 39
Quote:
Originally Posted by helicopterben View Post
 

Board members like Andrea Jung and Gore (Ego filled Politician in Innovative Company lol) needs to be fired then you see Google like Move above 1000 in Apple!

 

Apple Team is Great but Board have some shitty lazy useless members :p 

 

Go blow FOX Noise/CNBC lunacy somewhere else.

post #22 of 39
As I said in my previous post and confirmed by Constable Odo Google, Microsoft et al had terrible financials compared to Apple but yet they saw double digit growth in share price. It seems as if they could do no wrong but everything Apple did no matter how many records were broken was painted as a failure. Even the conservative press during this falls iPhone release kept referring to the iPhone 5C as Apple's cheap phone entry. It took three weeks before they started referring to it as a less expensive colorful version of the previous years iPhone 5. Why are there still so many Apple haters out there in the wild?
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KennDDS
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post #23 of 39

It wasn't just AAPL that jumped today, a lot of stocks had a big bounce for some reason. I also noticed that Bitcoin and Litecoin hit new highs... so it wasn't just confined to the stock market.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #24 of 39
Quote:
Originally Posted by mvigod View Post

This was the first time I looked at the price and started looking at alternatives like the nexus 7.  I didn't switch teams yet but the fact I even looked scares me.  I feel like I would pay less for an Android tablet and certainly get less than the ipad mini gives me.  However the gap is much less than it ever was in terms of product but the pricing gap feels even bigger.  Not a good trend.

I hope apple doesn't sacrifice quality ever but I can't see them holding these prices over the coming years.  I also don't think they need to.  Maybe price a bit more competitive and make up some of the margin erosion in the volume of sales increasing as a result of the more competitive pricing.  Time will tell

You can't compete on price with companies that are poisoning the market by selling their stuff at no profit or at a loss.

Our job is to point that out at every opportunity, not act as if there is a competitive equivalence between the Nexus/Kindle and the iPad mini.

"The fact I looked scares me"—the fact you don't rage against Amazon and Google and their ethics puzzles me. But you aren't the only one. Almost nobody does, while they complain that Apple's prices are twice as high as the competition.

How can we get the facts out there?
Edited by Flaneur - 11/26/13 at 7:08pm
post #25 of 39
Quote:
Originally Posted by mdriftmeyer View Post
 

 

Go blow FOX Noise/CNBC lunacy somewhere else.


I watch neither :lol: 

 

Disclosure - I am in AAPL calls from 430 area! (2014 and 2015 ones). 

 

Quote:
Originally Posted by jungmark View Post


Doubt it.
Guys like Elon Musk, Ben Bernanke and others must be considered. It is good to see Angela Ahrendts is joining Apple Retail team! Get the winners, fire the losers!
post #26 of 39
Quote:
Originally Posted by mvigod View Post

blah blah blah

Apple should have bought back its stock when it was $7! Get real. Crazy Carl is in it for himself. When Apple reaches Carl's target price, he's selling. Then how does that help Apple. Carl will get richer doing nothing while Apple would have billions $$ in debt.

Don't listen to Crazy Carl.
post #27 of 39
So, where are those people (I mean Constable Odo) who trolled in every damn thread when the stock was in the 400s, incessantly calling for the head of Tim Cook, demanding he get kicked out immediately, that he was leading Apple into oblivion ad destroying the company (solely because of stock price, of course, cause investors know best) and predicting that if he did not, the stock would keep plunging further and get to the 200s and lower? Right, they're too cowardly to admit they were wrong. Because we all know, stock price is the be all and end all of a company's success, and the word of God, right?
post #28 of 39
Quote:
Originally Posted by Slurpy View Post

So, where are those people (I mean Constable Odo) who trolled in every damn thread when the stock was in the 400s, incessantly calling for the head of Tim Cook, demanding he get kicked out immediately, that he was leading Apple into oblivion ad destroying the company (solely because of stock price, of course, cause investors know best) and predicting that if he did not, the stock would keep plunging further and get to the 200s and lower? Right, they're too cowardly to admit they were wrong. Because we all know, stock price is the be all and end all of a company's success, and the word of God, right?

 

Um, he's post #8 above and still complaining that AAPL isn't higher and still blaming it on Cook.  I'm still net negative a bit on my whole AAPL position after making some (in hindsight) amazingly stupid margin buys last October at 627 and 613, but I certainly don't blame my loses on Tim Cook.  Once the China Mobile deal is official I think I'll finally be net positive again, finally.  Note to any non-professional investors here - buying on margin is a really bad game to get into.  Don't make yourself or your family suffer, just use the money you already have if you want to invest.

post #29 of 39
Good to see Apples stock go up but why the hell is samsung advertising in this app? I want to see Apple no samsung. Why else would I have downloaded Apple insider for Apple new and not for samsung sucks ads
post #30 of 39
Apple no longer has innovation. What makes you think its stock will move up???
post #31 of 39
Quote:
Originally Posted by Albert39 View Post

Apple no longer has innovation. What makes you think its stock will move up???

Please define "innovation."  Please explain who has this if Apple doesn't.  

 

The stock should go up because they are already incredibly profitable, their revenue is increasing and many people think their profits will as well.  Their P/E ratio is tiny compared to Google or Amazon (and much lower than the average on the S&P 500) who I certainly can't see as more innovative (and verifiably much less profitable) than Apple.

 

Do you need more reasons?

post #32 of 39
Quote:
Originally Posted by helicopterben View Post

Board members like Andrea Jung and Gore (Ego filled Politician in Innovative Company lol) needs to be fired then you see Google like Move above 1000 in Apple!

Apple Team is Great but Board have some shitty lazy useless members " src="http://forums-files.appleinsider.com/images/smilies/1tongue.gif" style="width:18px;">
 

All hand picked by Jobs. Who knows if they are useless as we don't know they contribute. Having a Vice President on your board seems useful to me.
post #33 of 39
Quote:
Originally Posted by Constable Odo View Post

And it's about time. Apple finally went to register a positive share price YTD although its 52 weeks share price is still sitting comfortably in the red zone. Oh, Tim Cook. You're killing faithful long-term Apple shareholders by making us sit around and watch Microsoft have a post-PC era of 40% share price gain in 2013 and Google and Amazon getting around 38% share price gains. Apple had to get stuck in the desolate Grand Canyon of deep-red losses.

I'm glad Apple bought back plenty of shares but it hurts to see the rest of the stock market soaring into the stratosphere while Apple couldn't dig it's way out of the muck. It's just too difficult for a retail investor to grasp the insensibilities of a profitable company with a mountain of cash to have investors shun it like a deadly plague.

 

 

How did you enjoy the $11.80 per share dividend payout you would have received in 2013 if you truly were a long-term Apple shareholder?

post #34 of 39
Quote:
Originally Posted by msimpson View Post


How did you enjoy the $11.80 per share dividend payout you would have received in 2013 if you truly were a long-term Apple shareholder?

If someone is looking for insane growth right now, tell 'em to play in crypto currencies. Over the past week you could've easily quadrupled your money.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #35 of 39
Quote:
Originally Posted by Albert39 View Post

Apple no longer has innovation. What makes you think its stock will move up???

 

Wow. You signed up for an account here just to post that?

 

Hope that $10 you're getting from Samsung Marketing for this was worth the effort.


Edited by Silencio - 11/27/13 at 10:21am
post #36 of 39
Originally Posted by Albert39 View Post
Apple no longer has innovation. What makes you think its stock will move up???

 

Shut up and go away. Enjoy your 5 cents a post.

Originally Posted by Marvin

The only thing more insecure than Android’s OS is its userbase.
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Originally Posted by Marvin

The only thing more insecure than Android’s OS is its userbase.
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post #37 of 39
Quote:
Originally Posted by Silencio View Post

Wow. You signed up for an account here just to post that?

Hope that $10 you're getting from Samsung Marketing for this was worth the effort.

That seems a little high for paying off an Android user doesn't it?
From Apple ][ - to new Mac Pro I've used them all.
Long on AAPL so biased
Google Motto "You're not the customer. You're the product."
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From Apple ][ - to new Mac Pro I've used them all.
Long on AAPL so biased
Google Motto "You're not the customer. You're the product."
Reply
post #38 of 39
Quote:
Originally Posted by digitalclips View Post


That seems a little high for paying off an Android user doesn't it?

 

Maybe $0.001 per post? :D

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #39 of 39
Quote:
Originally Posted by Constable Odo View Post

And it's about time. Apple finally went to register a positive share price YTD although its 52 weeks share price is still sitting comfortably in the red zone. Oh, Tim Cook. You're killing faithful long-term Apple shareholders by making us sit around and watch Microsoft have a post-PC era of 40% share price gain in 2013 and Google and Amazon getting around 38% share price gains. Apple had to get stuck in the desolate Grand Canyon of deep-red losses.

I'm glad Apple bought back plenty of shares but it hurts to see the rest of the stock market soaring into the stratosphere while Apple couldn't dig it's way out of the muck. It's just too difficult for a retail investor to grasp the insensibilities of a profitable company with a mountain of cash to have investors shun it like a deadly plague.

 

Oh, please **** off. One only has to look at your previous posts to see how grotesquely wrong your predictions were. instead of admitting you were way off, you come in here pretending as if nothing happened. Don't make me go and dig up your "fire Cook now or stock will hit $200" quotes. That's the great thing about the internet, you can run your mouth all you want, shit on people with confidence, and then never have to acknowledge the fact that all your attacks were based on assumptions that were utterly false- like a normal, decent human being would do in these situations. I have no fucking clue how your logic works, apparently you think there's a big magic button labeled "raise stock" that Cook can push anytime. Stock nosedived several times under Jobs, even when Apple was exploding as a company. Jobs didn't give a shit about that, he didn't run the company around trying to somehow please the stock or investors, because that's a surefire way to failure. He ran the company based on products. Cook seems to give a BIT more of a shit about the stock, but he's never going to let it affect the major product strategy- as is the right thing to do. Apparently you're too incredibly short-sighted to understand that- and you somehow believe the stock market is rational, which is never has been, especially in the case of Apple. The point is that decisions are made for the LONG term, and the stock will take care of itself, hopefully. Cook was right, you were wrong, but as always, you're too much of an intellectual coward to admit that, since you continue with your narrative instead of saying " I was wrong, Cook was right".


Edited by Slurpy - 11/28/13 at 8:54pm
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