Make it four. This guy needs to shut down hard! Why would I vote to have the company add $150 billion worth of debt to its balance sheet? Wall Street can get federal government bailouts for its debt, Apple does not have that cushion.
Its not one man's view. If there is a proxy all the shareholders will vote whats best for the company. Thats the way it should be.
Personally I'll vote for the buyback. Just look at the numbers:
In 10 years Apple will have $700B in cash
WTF are they going to do with all that cash?
It should go back to the investors in dividends and buybacks if they don't have any good use of it. Just from inflation alone Apple would be losing $25B a year just sitting on the cash.
As I said, if Tim agrees I am all in. But none of us know what Tim has planned for the future and I for one trust him over you, Carl or anyone else, to know what Apple have planned. To say a small group of shareholders 'know what's best' is just silly.
IBM has purchased over 45% of their shares since 1995. The last 5 years the stock has appreciated 250% despite having flat revenue and earnings. Buybacks executed at the right share price is an excellent way to increase shareholder value. In fact Warren Buffet personally told Steve Jobs to purchase shares if he thought Apple was being undervalued.
That took almost 20 years... Icahn(t) wants Apple to buy back ? of the company in one day! Apple is already purchasing $100 billion over the next few years, why can't this moron be happy with that? If you don't like the way the company is being run, why the f@#k did he invest in the first place?
He doesn't give a sh!t about Apple, he is obviously just trying to grab as much cash from APPL as he can.
Sorry folks, but wish Apple's stock would completely tank to the point that Apple could buy back all their shares and take the company private. This market/investor crap is just getting stupid as far as Apple is concerned and really needs to be taken out of the equation.
Even if Carl has a bit of a point, by releasing this letter it kills the possibility. If Tim and the board were to increase the buyback it would seem like they are just doing what Carl tells them to do and thus appear weak. Never going to happen. Apple would be better off by making a big strategic purchase of another company with some of it's extra cash.
Isn't it surprising that Apple has managed so well without this chuckleheads invaluable advise. How HAVE they done it? Oh, that's right, ignoring people like Icahn. Message to Icahn, I'm a shareholder too, please just go away.
You don't save your money for 15 years to pointlessly give it away without ANY benefit to the company itself. I own Apple stock and I do not want people like Icahn anywhere near it. People like him are the reason why the financial industry keeps screwing up the entire world economy. Go frock yourself, Carl!
Even if Carl has a bit of a point, by releasing this letter it kills the possibility. If Tim and the board were to increase the buyback it would seem like they are just doing what Carl tells them to do and thus appear weak. Never going to happen. Apple would be better off by making a big strategic purchase of another company with some of it's extra cash.
I'd like Apple to go after Nest. I think it would be a good fit and the guys running it are ex-Apple employees.
Buyback (not 150 at a good pace should lower the float and they would not have to pay dividend to shareholders for the number of shares they buy which saves money!
Also Apple needs to think about what they will do with such a boost in company's cash in years ahead. They need to plan ahead!
They should buy some really great companies for free cash flows. Bring out Apple payment system and crush the CC companies over a long run. Lot can be done but I guess they are so slow towards service side of business!
Icahn can be good for shareholders for short term but Apple needs to do their own thing in benefit for the long term holders! I do not mind share price hitting $1000 by itself rather than hitting 1250 as Carl mentioned!
I am happy Icahn brought in such notice, at least some of the lazy board members will wake up and do something good now or get fired!
As I said this is going to get bad for Apple, Instead of management focus on getting new great products into consumers hands, they will be wasting time dealing with Icahn.
His move will just drive up the % of what institutions will own and giving them more power to drive apple to do what they want which is make the metrics look good so they can manipulate the stock price more. There was time where the market drove companies to split their shares so that the same institutions could hold more of that companies stock, now the move is to do a reverse split or buy back so the price is so how it limits who can actually buy it. Apple can achieve a higher price if that is what people want by just doing a reverse split. Icahn want Apple to have less money in the bank. Money is power, apple has F-U money in the bank and can pretty much do what they want without anyone trying to tell them what to do.
As I said, if Tim agrees I am all in. But none of us know what Tim has planned for the future and I for one trust him over you, Carl or anyone else, to know what Apple have planned. To say a small group of shareholders 'know what's best' is just silly.
Good point. But neither Tim nor the Board of Directors own Apple. The shareholders do and they have a right to demand a captial allocation plan that benefits shareholder value.
My point is you simply don't know enough to make such a call. You could inhibit some far better plan that is in the works for some of that money. It comes down to trust in the end.
Good point. But neither Tim nor the Board of Directors own Apple. The shareholders do and they have a right to demand a captial allocation plan that benefits shareholder value.
Tim and the Board are shareholders.
Isn't letting Apple's mgmt do what's best for Apple benefitting shareholders the most?
Comments
Is this something the SEC could investigate?
As I said, if Tim agrees I am all in. But none of us know what Tim has planned for the future and I for one trust him over you, Carl or anyone else, to know what Apple have planned. To say a small group of shareholders 'know what's best' is just silly.
IBM has purchased over 45% of their shares since 1995. The last 5 years the stock has appreciated 250% despite having flat revenue and earnings. Buybacks executed at the right share price is an excellent way to increase shareholder value. In fact Warren Buffet personally told Steve Jobs to purchase shares if he thought Apple was being undervalued.
That took almost 20 years... Icahn(t) wants Apple to buy back ? of the company in one day! Apple is already purchasing $100 billion over the next few years, why can't this moron be happy with that? If you don't like the way the company is being run, why the f@#k did he invest in the first place?
He doesn't give a sh!t about Apple, he is obviously just trying to grab as much cash from APPL as he can.
Sorry folks, but wish Apple's stock would completely tank to the point that Apple could buy back all their shares and take the company private. This market/investor crap is just getting stupid as far as Apple is concerned and really needs to be taken out of the equation.
Even if Carl has a bit of a point, by releasing this letter it kills the possibility. If Tim and the board were to increase the buyback it would seem like they are just doing what Carl tells them to do and thus appear weak. Never going to happen. Apple would be better off by making a big strategic purchase of another company with some of it's extra cash.
If you believe Warren then you shouldn't support Icahn. He just basically told Tim to ignore him.
I'd have to agree that I don't see the long term benefit of his idea. As someone said, Apple's already done a buy-back.
Buyback (not 150
at a good pace should lower the float and they would not have to pay dividend to shareholders for the number of shares they buy which saves money!
Also Apple needs to think about what they will do with such a boost in company's cash in years ahead. They need to plan ahead!
They should buy some really great companies for free cash flows. Bring out Apple payment system and crush the CC companies over a long run. Lot can be done but I guess they are so slow towards service side of business!
Icahn can be good for shareholders for short term but Apple needs to do their own thing in benefit for the long term holders! I do not mind share price hitting $1000 by itself rather than hitting 1250 as Carl mentioned!
I am happy Icahn brought in such notice, at least some of the lazy board members will wake up and do something good now or get fired!
As I said this is going to get bad for Apple, Instead of management focus on getting new great products into consumers hands, they will be wasting time dealing with Icahn.
His move will just drive up the % of what institutions will own and giving them more power to drive apple to do what they want which is make the metrics look good so they can manipulate the stock price more. There was time where the market drove companies to split their shares so that the same institutions could hold more of that companies stock, now the move is to do a reverse split or buy back so the price is so how it limits who can actually buy it. Apple can achieve a higher price if that is what people want by just doing a reverse split. Icahn want Apple to have less money in the bank. Money is power, apple has F-U money in the bank and can pretty much do what they want without anyone trying to tell them what to do.
I agree. I'll back Tim Cook to the hilt.
Apple is already buying back as THEY see fit, not as an greedy OUTSIDER see fit.
My point is you simply don't know enough to make such a call. You could inhibit some far better plan that is in the works for some of that money. It comes down to trust in the end.
Isn't letting Apple's mgmt do what's best for Apple benefitting shareholders the most?
For the record, I will vote against the plan.