Stock essentially flat after hours. Lot of good dolling out the cash did.
After hours performance isn't a great indicator, since most people don't trade after-hours... And historically, after-hours performance isn't a great indicator of what will happen in the next trading session.
After hours performance isn't a great indicator, since most people don't trade after-hours... And historically, after-hours performance isn't a great indicator of what will happen in the next trading session.
This quarter it was for Google, Netflix and Microsoft. They were all up big after hours and closed that way the next day. My guess is Apple will be flat tomorrow. And the "analysts" will fret about the June quarter and no new product announcements anytime soon. Would be helpful if Apple announced WWDC this week.
Cry all you want. Investing is about money, not emotion. I like Apple products. I own several. But if I got a shareholder ballot tomorrow asking me whether Cook should be voted off, I'd vote yes in a heartbeat. As a shareholder, I don't give a fig about Apple products. I care about what he's done for my AAPL stock. Bupkis.
And I'm not one of those people who bought at $700. Were I one of those, I'd be calling for his head on a platter.
My personal regret is not dumping my position at $700 and believing that this board cares about investors to try and rally the stock back.
After hours performance isn't a great indicator, since most people don't trade after-hours... And historically, after-hours performance isn't a great indicator of what will happen in the next trading session.
The Nasdaq closes at 4 PM EDT which is 1 PM in California, I'd say a more than fair amount of trading happens 'after-hours'.
$50bil more in stock buy back? At 939 mil outstanding shares, that's $53/share.
Isn't this Tim Cook saying "**** you", in the most classy way possible, to Wall Street?
This is style!
There starting with 2 billion in buy backs this month, and plan to buy back 400mill shares according to Oppenhiemer, to push the stock to a more valuable level.
There not buying all of there shares back that would be extremely stupid.
it would be great if they could spend $60 billion of that $147 tomorrow on the buy back. I know it can't happen but it would be a great way to boost the stock value and say FU to Wall Street.
2 billion this month starting according to Oppenhiemer. But I agree it would be a great big MIDDLE FINGER to wall street.
????? Ron Johnson left of his own accord to run JC Penny. Not because Apple was in trouble, Forestall was fired because he refused to admit that the maps problems were his direct responsibility and because he played well with no one (one very particularly important person to apple in fact Jony Ive). And Browett? He was a dumb ass that tried to run the retail chain like walmart cost cutting and reducing workforce and causing all kinds of problems not because he was trying to help Apple but because he was trying to impress the management team by in effect saying "LOOK AT ME!!!! Im doing such a good job"
After hours performance isn't a great indicator, since most people don't trade after-hours... And historically, after-hours performance isn't a great indicator of what will happen in the next trading session.
True enough.
The crazy thing about the dividends (IMO) is that you can be an AAPL shareholder just one day before the dividend is issued, get the benefit, then sell the stock immediately. How in the world is that creating long term value for Apple?
From a shareholder perspective? Not enough. Stock will keep deflating.
Sooner or later the shareholders are going to vote Cook off the Island if they keep hoarding cash for no apparent reason. The buyback sounded good until they said it's distributed over several years.
Why would Apple buy back all it's shares at once? It should buy back over a period of time to improve the cost average of its shares.
Cry all you want. Investing is about money, not emotion. I like Apple products. I own several. But if I got a shareholder ballot tomorrow asking me whether Cook should be voted off, I'd vote yes in a heartbeat. As a shareholder, I don't give a fig about Apple products. I care about what he's done for my AAPL stock. Bupkis.
And I'm not one of those people who bought at $700. Were I one of those, I'd be calling for his head on a platter.
My personal regret is not dumping my position at $700 and believing that this board cares about investors to try and rally the stock back.
Perhaps Apple only cares about investors. You know the people who are in it for the long haul. Apple didn't tell people to buy its stock at $700. further it is fundementally the same company as when the price was at $700. Nothing has changed.
Check posts by "jetz." He's some kind of wall street weenie (or wannabe), that has a negative spin for almost every occasion. :)
His name ends with a 'z', too. Red flag if there ever was one.
PS: I wish someone made a browser extension that could block posters from users much better than the forum software can. I mean actually remove the user related posts, not just hide the text part or let it show up when someone quotes them. I never bother with the ignore list due to that sec on part.
Because most of their cash is overseas and it would be cheaper to borrow than repatriate the cash and pay 35% (or whatever the rate is) tax on it.
OK I understand that, but how will they pay off the new loan Stateside? With new revenue coming in? How will they ever use that oversea cash- will be in Foxconn or more Apple stores do you think?
But... has Apple any ability to use its cash to create new products and solutions?
- What comes after iPhone and iPad? The only way for Apple to survive is to bring one more great product. If it isn't InterestMachine%u2122 and MIST-UI%u2122 and its BlinkUI%u2122 it may be Marissa and Yahoo-Sony-Oracle, all quicker than Apple? [Google: "What comes after iPhone Bolzano"]
According to CNBC stock is down $4 pre-market. So I'll say again, a lot of good this $100B in goodies did for Apple. Because the bad keeps getting moved. Wall Street was screaming for increased dividend and buy backs, which they got, now they're wringing their hands over possibly no new product in the summer. Even though Apple never made any comments or promises on when new stuff would be coming. This morning on CNBC they had a guest on who just started following the stock in November. He said Apple needs a low cost phone for emerging markets AND needs to keep up their high margins.
I thought maybe the goodies Apple decided to hand back would maybe stabilize the stock, or we'd even see a bit of an uptick. And maybe we will over the coming weeks. But I also wouldn't be surprised if we see the stock fall closer to $300 because Wall Street just plain hates the company right now.
Comments
Quote:
Originally Posted by Rogifan
Stock essentially flat after hours. Lot of good dolling out the cash did.
After hours performance isn't a great indicator, since most people don't trade after-hours... And historically, after-hours performance isn't a great indicator of what will happen in the next trading session.
Where did he go wrong?
The Nasdaq closes at 4 PM EDT which is 1 PM in California, I'd say a more than fair amount of trading happens 'after-hours'.
Quote:
Originally Posted by 65C816
$50bil more in stock buy back? At 939 mil outstanding shares, that's $53/share.
Isn't this Tim Cook saying "**** you", in the most classy way possible, to Wall Street?
This is style!
There starting with 2 billion in buy backs this month, and plan to buy back 400mill shares according to Oppenhiemer, to push the stock to a more valuable level.
There not buying all of there shares back that would be extremely stupid.
Quote:
Originally Posted by SolipsismX
it would be great if they could spend $60 billion of that $147 tomorrow on the buy back. I know it can't happen but it would be a great way to boost the stock value and say FU to Wall Street.
2 billion this month starting according to Oppenhiemer. But I agree it would be a great big MIDDLE FINGER to wall street.
Quote:
Originally Posted by majjo
followed by execs leaving
????? Ron Johnson left of his own accord to run JC Penny. Not because Apple was in trouble, Forestall was fired because he refused to admit that the maps problems were his direct responsibility and because he played well with no one (one very particularly important person to apple in fact Jony Ive). And Browett? He was a dumb ass that tried to run the retail chain like walmart cost cutting and reducing workforce and causing all kinds of problems not because he was trying to help Apple but because he was trying to impress the management team by in effect saying "LOOK AT ME!!!! Im doing such a good job"
Quote:
Originally Posted by Mikeb85
After hours performance isn't a great indicator, since most people don't trade after-hours... And historically, after-hours performance isn't a great indicator of what will happen in the next trading session.
True enough.
The crazy thing about the dividends (IMO) is that you can be an AAPL shareholder just one day before the dividend is issued, get the benefit, then sell the stock immediately. How in the world is that creating long term value for Apple?
Quote:
Originally Posted by Jetz
Instead, MSFT stabilized in a new trading range and became a blue chip dividend stock. Real risk that this is what will happen to AAPL
You mean AAPL could have a P/E of 15.77 like MSFT? I take that risk!
Great post!
Why would Apple buy back all it's shares at once? It should buy back over a period of time to improve the cost average of its shares.
Perhaps Apple only cares about investors. You know the people who are in it for the long haul. Apple didn't tell people to buy its stock at $700. further it is fundementally the same company as when the price was at $700. Nothing has changed.
Quote:
Originally Posted by TBell
Why would Apple buy back all it's shares at once?
Apple can't buy back all the outstanding shares... They don't have enough cash.
Quote:
Originally Posted by dasanman69
Where did he go wrong?
He didn't personally get on the phone to call Jetz to tell him to get out at $700. Or $650. Or $600. Or $585...
His name ends with a 'z', too. Red flag if there ever was one.
PS: I wish someone made a browser extension that could block posters from users much better than the forum software can. I mean actually remove the user related posts, not just hide the text part or let it show up when someone quotes them. I never bother with the ignore list due to that sec on part.
Now you mention it he didn't call me either. Class action lawsuit here I come¡
(chortle)
- What comes after iPhone and iPad? The only way for Apple to survive is to bring one more great product. If it isn't InterestMachine%u2122 and MIST-UI%u2122 and its BlinkUI%u2122 it may be Marissa and Yahoo-Sony-Oracle, all quicker than Apple? [Google: "What comes after iPhone Bolzano"]
Next big thing from Apple has to do with a new network and a new way to communicate over it.
Very funny name. Do you think she was eating the [I]bolond gomba[/I]?
Edit: Okay, I looked it up. Very Interest-ing. Starting with the glasses, who knows where it will lead?
I think Facebook will be replaced by . . . I'd better not say. Certainly face-to-face in real time . . .
I thought maybe the goodies Apple decided to hand back would maybe stabilize the stock, or we'd even see a bit of an uptick. And maybe we will over the coming weeks. But I also wouldn't be surprised if we see the stock fall closer to $300 because Wall Street just plain hates the company right now.