tipoo

gatorguy said:

retrogusto said:

gatorguy said:

SpamSandwich said:

Apropos of nothing, I sure hope Apple is buying back their stock and taking advantage of the crazy volatility right now.

As of October they still had $70B committed to 2018 buybacks but so far unused. 



Note: A potential stumbling block may rise from the ground at some point, with the SEC's rule that allows a program like Apple's being challenged.  Until 1982 stock buybacks like this were not legal per the SEC, considered a method of stock price manipulation. Even if a rule change doesn't happen others in the financial world are warning of a hard landing when the money for these buybacks inevitably runs out. 

Animals eating their young comes to mind.  

As a shareholder, I love the buybacks.

I'm not surprised you do, but specifically why? Is it just the dividend?

Do you think by doing so they've artificially manipulated the stock price to increase the booked value for your portfolio?
Do you believe the stock price would have been significantly lower had they not done so, and if so how much do you personally think it raised the price?

A stock buyback isn't paying you a dividend. Shareholders demand returns on their investments in the form of dividends which is a cost of equity – so the business is essentially paying for the privilege of accessing funds it isn't using. Buying back some or all of the outstanding shares can be a simple way to pay off investors and reduce the overall cost of capital.

If a company can't spend its cash fast enough in an efficient manner that would grow the company, using excess cash to buy back its own shares to not have to pay out those shareholders dividends is a perfectly fine use of cash which lowers their costs longer term. 

And yes, it does produce more stock scarcity, thus keeping the price up. Manipulated is a strong word, but scarcity of an equity does drive up its value. 

Been loading up on AAPL while it's on sale. Look at the price to earnings vs any other FAANG.  I think indexing and a fidgety market hit it disproportionately while the fundamentals are very strong. 

Also buying Microsoft. Never got why they weren't included in FAANG. FAGMAN? Yeah, let's go with that. 

Any chance you could get a picture with the bottom removed? 

Curiously the i9 in this seems to score better than the same i9 from months ago (accounting for the patch), so I wonder if the cooler is redesigned to deal with Vega. 

If the Nontouchbar got an update any time soon to T2 and Butterfly 3 alone, it would still be my pick over this. Not much price difference, P3, 500 nits, Iris Plus, higher wattage CPU, and the battery life on the new Air isn't as far ahead as the old Air was. 

If it got a quad core at the same time, it would runaway be the better choice, but it may have to give up Iris Plus for that this Intel generation. 

albertodlh said:

Now I need a mac-mini-shaped hard drive enclosure to put a 6tb hard drive with my media files in there, and stack it under the actual mac mini. My life will be complete. 

Yeah, there must be a market for that and someone's probably already working on it. A GPU enclosure that's shaped like it would also be a great idea.