smithzoneean

Apple's issue is WallStreet.  When Apple's mkt cap was $300 billion they discounted it due to law of large numbers.  When earnings were increasing 60-70% per year they discounted it and said growth can't continue at that rate.  Now that iPhone sales are slowing they discount and say peak iPhone.   Any other stock that was buying back this much stock would be 50% higher since the plan started.  Apple is actually lower.  
Apple does have a play in this because they do not refute any rumors.  It is illogical for a company with 200b in bank who earns 50-60b per year to be valued at 500b.  They could have that in cash in 5 years with no growth.  

We all know as soon as any momentum builds in this stock either an analyst or some anonymous source will release a negative note and the stock will tank 3-5%.  Wall Street is doing all they can to lure more retail investors into this stock.  At the time the buyback and dividend was initiated in 2012 I think earnings were $6-$7 per share.  Earnings have grown 50% since then and on the heels of a $100 billion buyback and the stock is lower today than it was sept 2012?  Top that with the fact that piper has a $150 price target.  Carl Icahn said F-this.........