paul turner

damonf said:

sog35 said:

Me being quiet won't change the facts.

Tim Cook wasted $115 BILLION in shareholder money in the buyback. 
He did it because of pressure from Ichan.
The stock has gained NOTHING in valuation from that waste of money.

Before the buyback Apples was worth over $700 billion.
Now after wasting $115 billion in cash its worth a pathetic $530 billion.

But go live in a fantasy world all you want.

All I know is Cook authorized this $115 billion buyback and the stock is worth $170 billion less.

No, Apple's Board of Directors authorized the buyback, just like they authorize dividend payouts.  Tim Cook alone cannot spend the company's money on stock buybacks.  From the earnings call transcript, I give you Luca Maestri:

Once again, we are allocating the majority of the expansion of the program to share repurchases, given our strong confidence in Apple's future, and the value we see in our stock. The Board has increased the share repurchase authorization by $35 billion, raising it from the current $140 billion level to $175 billion. We will also continue to net share settle, less the employee restricted stock units.

kermit4krazy said:

It's just hard to argue that the company is firing on all cylinders when all three major product categories are seeing year over year declines. I've been a fervent Apple fan and owner for at least a decade, but I've been seeing so many things since Jobs died that indicate to me that this isn't the same company anymore. So many decisions are marketing driven nowadays, like why I can't get a Macbook with two ports because they don't want it to steal sales from the Macbook Pro, or why I can't still get a computer with user-serviceable parts because then people will spend less on upgrades. These aren't things that benefit the end user. These are things that benefit the bottom line at the expense of the end user. 

Just across the board, this is now a company focussed on making money MORE than it's focussed on making the best products in the world. 

sflocal said:

51 millions iPhones in one quarter.  Damn... that's still insane, and the fucking idiots of Wall Street thinks that's a disappointment?  Assholes.  Any other company making phones would sell their first-born for that kind of "disappointment".

volcan said:

paul turner said:

No he hasn't - he only loses money when or if he realizes the loss by selling the shares! Shows how much you know about it

Well we don't know for sure what he does, but since AAPL is quite volatile, he could be selling puts and actually making money while still holding his shares or even execute the puts and buy it back for less.