Seeking Alpha

More from Gundlach: Not concerned about inflation, he calls TIPS (TIP) "pretty bad" investments...

More from Gundlach: Not concerned about inflation, he calls TIPS (TIP) "pretty bad" investments and says he'll be a buyer if the 10-year (TLT) yield bounces back to 2% (off 3 bps today to 1.94%). As for the inevitable Apple (AAPL -3.3%) question - he prefers the common stock to the just-issued bonds. Warren Buffett says he prays for stocks he owns to go down in price - it allows him and company repurchase programs to buy at better prices. Is Apple putting money to work the last couple of days?
Comments (15)
  • Doyle3000
    , contributor
    Comments (1222) | Send Message
     
    If Apple isn't buying shares at today's prices I'd think they were foolish. This again is a fantastic opportunity pre-June Show and fall launch of new items.

     

    and may I state again that AAPL in the last quarter made more profit dollars (GAAP) than AMZN, CRM, WDAY & N have made in their entire existences. Combined.
    15 May 2013, 04:08 PM Reply Like
  • monumentalgains
    , contributor
    Comments (214) | Send Message
     
    That is an amazing stat Doyle, and another reason to hold hold hold!
    15 May 2013, 04:12 PM Reply Like
  • cshoxie
    , contributor
    Comments (235) | Send Message
     
    Why buy today when the 300's are just around the corner? The word refresh for the IPad/I Phone this summer and the inevitable 180 the market is do for doesn't look promising.
    15 May 2013, 04:52 PM Reply Like
  • Bobhawk
    , contributor
    Comments (37) | Send Message
     
    I would not be surprised if they are not buying at these levels. Losing faith in top mgmt at aapl. I hope aapl gets a pop around June show that Google has gotten the last few days. I am afraid though if they do get a pop it will be from 350 range to say 380 range. A lot of days left before June show for this stock to continue its downward spiral and now that it has blown through 50day level watch out.
    15 May 2013, 04:19 PM Reply Like
  • seethrudanoise
    , contributor
    Comments (86) | Send Message
     
    384 by sept if wrong
    15 May 2013, 04:22 PM Reply Like
  • zd2002
    , contributor
    Comments (151) | Send Message
     
    If there is any evidence, I'm not seeing it. Since the announcement of the buyback, Apple has traded in a familiar pattern: up on open, high around noon, then fade into close. I assumed it to mean Apple executed the buyback at the opening bell and noon to prime the market for the day.

     

    Goldman Sachs is supposedly at the helms driving this buyback, but the results so far are lackluster at best. Apple struggled to gain a few points on an up day, but gave back all of May's gains in just 2 days.

     

    The silence from Apple management is deadly. Since announcing the iPad Mini in October, Apple execs have not make any public statement other than on ER calls and investment conferences. Not a single word of support was given to the stock until the buy back plan.

     

    Tim Cook said "trust us, we have great products in the pipeline", the market needs to see some to regain confidence. Google pre-announced their Glass a year in advance with great buzz. And today they showed some really great improvements in Maps. Apple needs to up their game. I know Apple Map is getting better, but it's too slow to catch up with the already market leader.

     

    Opennheimer was (intentionally?) vague when asked about what price level the buyback will support. This doesn't put a floor into to the stock price and ordinary investors, 40% of them retail, are now feeling the crunch.

     

    I'm losing confidence in the leadership team at Apple by the day. Granted stock price has little correlation with Apple's business, but those constant drops are causing real damage to the brand. Every one thought Apple has lost the cool factor, and that will affect the real business.
    15 May 2013, 04:49 PM Reply Like
  • rrosey2
    , contributor
    Comments (682) | Send Message
     
    WELL, if you were going to spend billions on buying back Apple stock, would you want to pay less for the stock ?

     

    You buy at the opening, and let the market settle back down in the PM.

     

    That is; until zd2002 exposes you.
    16 May 2013, 01:29 AM Reply Like
  • Bobhawk
    , contributor
    Comments (37) | Send Message
     
    zd2002 didnt expose anything. Its not rocket science.
    16 May 2013, 08:52 AM Reply Like
  • harrykutcher
    , contributor
    Comments (83) | Send Message
     
    sleep well short sellers .....think of all those shares you will need to buy ,hopefully ,at higher prices.......have you ever seen a short seller who is betting against a buyer with 100 billion dollars to buy.....good luck!
    15 May 2013, 05:07 PM Reply Like
  • pressure sensor
    , contributor
    Comments (79) | Send Message
     
    @ harrykutcher apple has very few short sellers, and when it goes down it's because holders are selling and no new buyers can be found! i thought this should be clear by now!
    17 May 2013, 12:29 AM Reply Like
  • harrykutcher
    , contributor
    Comments (83) | Send Message
     
    as of today 5/17/13....41,589,500 shares of apple are short....if that's nothing ...i'm ok with that,but,sooner or later they are buyers along with about 137,000,000 shares that apple is going to buy....that's 178,589,500......shorts will get eaten!!!!
    17 May 2013, 10:17 AM Reply Like
  • bgold1955
    , contributor
    Comments (1877) | Send Message
     
    Goog beats em on the radio deal announcement. Very disappointing.
    15 May 2013, 05:20 PM Reply Like
  • berloe
    , contributor
    Comments (1509) | Send Message
     
    TLT? I thought it was the 20 year bond?
    15 May 2013, 05:21 PM Reply Like
  • britecrawl
    , contributor
    Comments (27) | Send Message
     
    Bought a batch of Oct 450 calls todays because Apple will be way over 500 by Sept.....great companies respond and Tim is not the only smart guy working there....aapl haters will not be aapl winners....oh, AND I bought Silver Weaton today just to put some frosting on the cake.....I can hardly wait for October to come........
    15 May 2013, 05:35 PM Reply Like
  • timnpawc
    , contributor
    Comments (563) | Send Message
     
    Sell half now. If it goes down, buy back in, if it goes up, you can buy back in.

     

    Don't make the same mistakes so many others have done.

     

    Analysts are lowering targets
    Blackberry is doing well
    Nokia is doing well
    Samsung, we'll, you know.
    Apple is seeing less gross margjn
    Apple is losing market share
    No new products until the fall
    Survey says perfect smart phone for men and women has a 4.2-4.5" screen. 5 And 5S will not have such a screen.
    Apple has no MdM strategy for companies that do not have Apple only. This is trouble for BYOD
    Apple has no messenger strategy for device to device when one device is not Apple.
    Apple is losing market share in both iPhone and iPad segments.

     

    Don't let your 250 dollar drop in stock make you make a mistake!

     

    Sell some now
    15 May 2013, 05:55 PM Reply Like
DJIA (DIA) S&P 500 (SPY)