applejakes

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applejakes
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  • Notes of interest from Apple's Q2 2019 earnings report and conference call

    applejakesapplejakes
    $24 billion spent on share buyback.  I've gotta believe that retired around 140 million shares.
    watto_cobra

  • Notes of interest from Apple's Q4 2018 earnings report and conference call

    applejakesapplejakes
    focher said:
    applejakes said:
    Apple only spent $8.2 billion this quarter on buy backs after spending an average of $21 billion the last 3 quarters.  Could they be stockpiling money for a purchase?  If not it was a gross misuse of cash to not throw a huge amount at buy backs this quarter.  Something along the lines of $25+ billion.
    Apple has pretty much never used its cash for buybacks. It has issued low yield bonds to fund them.
    They have been since the cash repatriation.  All of last year.  Their goal is to be net cash neutral.  That is going to take a lot of buying back and div increases over the next 4-5 years.
    watto_cobra

  • Notes of interest from Apple's Q4 2018 earnings report and conference call

    applejakesapplejakes
    jhart376 said:
    Someone had a good point about the buybacks. They noted that they likely had to stop buying for a period of time when they knew sales were off before and perhaps shortly after the announcement as that could have been a form of insider buying.
    If that is the case hopefully they waited until after they lowered guidance where the average was $150ish as opposed to $180+.
    badmonkwatto_cobra

  • Notes of interest from Apple's Q4 2018 earnings report and conference call

    applejakesapplejakes
    Apple only spent $8.2 billion this quarter on buy backs after spending an average of $21 billion the last 3 quarters.  Could they be stockpiling money for a purchase?  If not it was a gross misuse of cash to not throw a huge amount at buy backs this quarter.  Something along the lines of $25+ billion.
    JayVee

  • Apple's $62.9 billion stock buyback program called a bad investment in new report

    applejakesapplejakes
    I certainly understand wanting more in dividends right now.  If they gave 100% in dividends it would be around $12.50 per share right now.  And with growth in earnings that could reach $15-20 per share in 10 years or so.

    But dumb old me can see the potential for that to be $40-50 per share when buybacks are concluded.  Maybe more.  With that high of a dividend the stock price would be through the roof as well.  This will happen at some point if you have a positive long term outlook for Apple.

    My 10 year target is about 1.5 billion shares outstanding with about $75 billion in earnings.  I suspect the earnings could be much higher.
    tmay