Seeking Alpha

Apple repurchases $14B of stock in two weeks

  • Apple (AAPL) has bought back $14B worth of shares in the fortnight since it released its disappointing FQ1 results, with the company purchasing $12B via an accelerated share repurchase program and $2B on the open market,
  • Apple has now acquired over $40B in stock during the past year as part of a plan to buy back $60B worth of shares.
  • The company, which is sitting on a cash mountain of $160B, is set to face a shareholder vote at its annual meeting at the end of the month over Carl Icahn's proposal to repurchase an extra $50B of shares by the end of September.
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Comments (75)
  • synchrogeddon
    , contributor
    Comments (227) | Send Message
     
    obviously it means shares will be down today...
    7 Feb, 02:25 AM Reply Like
  • ronjohn26
    , contributor
    Comments (86) | Send Message
     
    no way , it light the stock above $ 525.I guess they had some internal shuffle in the management last month after earning release,Hope that would bring a new light to the investors and it may lift the stock to $600 .
    Apple is always silent on their new ideas and new products , where as a samsung always comes up with new ideas and new products even though they are very cheap quality .
    NB: Sorry about my english standard
    7 Feb, 04:27 AM Reply Like
  • draugminaion
    , contributor
    Comments (4) | Send Message
     
    Management shuffle? Why? They know Mr Market is not so smart, but they must figure it won't go down much after this.
    Maybe they figure that when after next months Apple TV refresh with App Store, Apple will take over the console market (games!) and set-top market (Apps are the new channels!), the Mr Market will get it.
    Doing it now also saves them paying out maybe $70000000 in dividends right away.
    7 Feb, 07:50 AM Reply Like
  • pagreen1966
    , contributor
    Comments (601) | Send Message
     
    Must be trying to keep the stock above $500!

     

    The last thing they want is for the stock to fall back to $390 again.
    7 Feb, 04:39 PM Reply Like
  • Schwilling
    , contributor
    Comments (18) | Send Message
     
    Clearly this is just financial engineering designed to hide fundamental flaws in their core business. In completely unrelated news Herbalife's stock buyback shows confidence and is a strong indicator it is undervalued.
    7 Feb, 02:30 AM Reply Like
  • redplanet
    , contributor
    Comments (55) | Send Message
     
    I wish I had flaws that put me on top of $160B. Maybe we have a different definition of flaw.
    7 Feb, 03:23 AM Reply Like
  • wizjinx
    , contributor
    Comments (405) | Send Message
     
    I'm pretty sure Schwilling was being sarcastic lol.
    7 Feb, 04:20 AM Reply Like
  • pat45
    , contributor
    Comments (338) | Send Message
     
    Funny I think hlf is engineered not aapl.
    7 Feb, 08:18 AM Reply Like
  • 2puttwo
    , contributor
    Comments (478) | Send Message
     
    To me, the amazing thing about this is that it just took only the last quarters net to pay for it. That's three short months. Just how many companies could do this on a days notice. This is one of the reasons why I own stock in Apple. It's truly, one of a kind. Go Apple
    7 Feb, 02:36 AM Reply Like
  • Cagdas Ozgenc
    , contributor
    Comments (408) | Send Message
     
    That's the power of real earnings instead of "growth story earnings will come lateeeeeeeeer who knows when". Apple just needs to keep bringing products, sell, and buy back the float when market sells off, and repeat. Eventually it will look stupidly obvious.
    7 Feb, 06:01 AM Reply Like
  • Humble Eagles
    , contributor
    Comments (1930) | Send Message
     
    Exactly, and that is why valuation matters! Giving away shares doesn't work long before somebody snaps them up--including Apple.
    7 Feb, 08:22 AM Reply Like
  • tsspry
    , contributor
    Comments (52) | Send Message
     
    Send a note of thanks to Carl Icahn.
    8 Feb, 09:25 AM Reply Like
  • Barnski
    , contributor
    Comments (16) | Send Message
     
    I was thinking on how to improve customer involvement in the wellfaring of the company. I believe that if the average customer would be offered a part of Apple along with the products that are sold, then we would have lots of new investors in Apple, driving up the share price as well. But how to achieve that given that the average customer is not interested in investing and won't pay for a whole share?

     

    Think of it like a customer bonus program. Every time you buy an Apple product, you get an offer to invest in Apple up to the same amount of the product value. You will get an Apple managed special store-credit paying share. And Apple will buy back real shares for the same amount that customers buy the special shares. Customer will get automatically store credits whenever Apple pays out a dividend. that would cement the already high customer loyalty!

     

    And I would surely be such a customer.
    7 Feb, 02:42 AM Reply Like
  • vanrossem
    , contributor
    Comment (1) | Send Message
     
    what a great idea
    7 Feb, 05:18 AM Reply Like
  • joshua451999
    , contributor
    Comments (3) | Send Message
     
    Like a few on here, I appreciate apples approach and their business model. I have been n apple for over 10 years and am now approaching retirement. The VERY REASONABLE dividend return (up there with the likes of XOM etc) combined with the VERY LARGE buy back of stock demonstrates stability and security for many years to come!
    7 Feb, 03:51 AM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    that's right. take back your crappy stock.
    7 Feb, 04:07 AM Reply Like
  • Riimpekki
    , contributor
    Comments (80) | Send Message
     
    Nokia did the same thing when they were at the top and the downfall was looming. They bought their own stocks and used billions of euros. Icahn is only trying to get value for himself and he is not thinking in a long term at all.
    7 Feb, 04:36 AM Reply Like
  • Joey2shoes
    , contributor
    Comments (61) | Send Message
     
    Big difference is that Apple's stock is way undervalued at 10 times current earnings ex cash. No comparison to Nokia at time. The buy back just took over 27 million shares of the share count and saved them $82 million in dividend payments alone. Also does magic for the EPS! At some stage this year the market must come to its senses and the stock will appreciate significantly.
    7 Feb, 05:19 AM Reply Like
  • JD in NJ
    , contributor
    Comments (979) | Send Message
     
    I won't deny that doing this when it collapsed to 400 would have been an even better bargain than it is now, but I'm glad I wasn't competing with Apple for the shares I bought at the time.
    7 Feb, 06:23 AM Reply Like
  • dbt01
    , contributor
    Comments (537) | Send Message
     
    27M shares is huge. That's more than 3% of the outstanding. The $82M in savings is every quarter so almost $350M/yr
    7 Feb, 07:04 AM Reply Like
  • Raymond Wiacek
    , contributor
    Comments (49) | Send Message
     
    Wait so, what you're saying is that when a company buys back its own stock, its sure to fall? Are you kidding me?

     

    They have a plan to buy $50bn worth of stock by the end of September. Tim saw a huge opportunity to buy that stock at a lower price... what person in their sane mind would wait for the price to go higher and then buy? If you're committed to buying $50bn of your own stock, then you seize that opportunity when it drops substantially. Basic investing 101.

     

    Some people on here just don't understand the basics of investing...
    7 Feb, 08:56 AM Reply Like
  • joshua451999
    , contributor
    Comments (3) | Send Message
     
    I concur Riimpekki. Icahn has NO INVESTMENT in terms of commitment, growth and long term (future) continued growth. His apparent purposes are to rape apple of its cash horde, borrowing money with little vision or purpose other then to 'make a buck'... Not Good... for apple, the future value, and/or overall economy. He would love to get in and get out and make big bucks in the process... no risk, etc. He will be gone when he makes his quick buck and walks away... No Thanks Carl !!!!!!...It is my sincere hope that Tim Cook, the BOD of apple and the other 'small guy' investors will prosper now and in the future. I believe they (Cook et al) have the long term prospective that comes with hard work, stick-to-it-tiv-ness, required. For me, Icahn is the snake in the grass (serpent) attempting to fill his own pockets with little regard for the many years of time, effort and energy that has gone into making a successful company. With their R & D will continue to reap benefits to the Brand, etc.
    7 Feb, 09:00 AM Reply Like
  • Raymond Wiacek
    , contributor
    Comments (49) | Send Message
     
    Can someone please tell me why everyone is so negative to the share buyback program? Apple has been sitting on $150bn+ of cash for as long as I can remember. Clearly they aren't making any large acquisitions or even spending that cash. What else can they do? Return money to shareholders.
    I assume you own shares.... When Carl pushes Tim to buy more, the float decreases and EPS increases - good for us. So why is everyone complaining?
    7 Feb, 09:08 AM Reply Like
  • Cash King
    , contributor
    Comments (790) | Send Message
     
    Raymond, no clue. They are making purchases though and doing some things with their cash. The problem? They make so much of it!! They can't spend it fast enough. Otherwise, I agree with you. I'll never understand people.
    7 Feb, 09:38 AM Reply Like
  • fitness14
    , contributor
    Comments (101) | Send Message
     
    The huge negative bent on Aapl only means that when the elephants decide it is time to blast off the sentiment will turn HARD. I find it hilarious to hear how the media rings their hands over the inevitable demise of a company like Aapl. Unlikely Aapl will innovate ever again because they did not jam out a huge Phone. Ha....Ha....Ha.
    7 Feb, 05:23 AM Reply Like
  • JD in NJ
    , contributor
    Comments (979) | Send Message
     
    I'm never upset when my tiny little stake in a company gets a little bigger without requiring me to do anything.
    7 Feb, 06:22 AM Reply Like
  • Ted Bear
    , contributor
    Comments (607) | Send Message
     
    So, there you have it. Everyone got what they were looking for.

     

    Now we are back to fundamentals.
    7 Feb, 06:59 AM Reply Like
  • Michael Blair
    , contributor
    Comments (4802) | Send Message
     
    I don't think the buyback will do much to advance product development, marketing or sales in China. I would think management had a better use for their time and shareholders' money. Those who sold the stock into the buyback may turn out to be the big winners in this one.
    7 Feb, 07:25 AM Reply Like
  • Captain Pike
    , contributor
    Comments (787) | Send Message
     
    I agree, what a waste of money. They are spending $5 bil on their new HQ, which I believe is money well spent, a great piece of architecture. This $40 Billion could have spent on a city of the future, or an Apple University for tech and creativity, or other worthwhile things, like an Apple VC operation for novel drugs and gene therapy.

     

    But instead it bought some crap shares, never to be seen again.
    7 Feb, 08:17 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2799) | Send Message
     
    I WONDER Mr Blair how much did you take Apple's stated buybacks as threats to your puts?
    7 Feb, 08:27 AM Reply Like
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    Samuel; Blair is obviously bearish on $AAPL but I'll say this so far he has made some great calls on the stock movement if his posts are to be believed anyway... I'm sure he made a killing post earnings...
    7 Feb, 08:38 AM Reply Like
  • milehr
    , contributor
    Comments (499) | Send Message
     
    They could have eradicated poverty, Captain. Is it right?
    7 Feb, 08:43 AM Reply Like
  • mmokrzy1
    , contributor
    Comments (5) | Send Message
     
    of course....
    7 Feb, 08:52 AM Reply Like
  • Xvansan
    , contributor
    Comments (24) | Send Message
     
    What's the matter MB? $14 Billion buyback in 2 weeks hurting your short position? Bet you didn't see that coming
    7 Feb, 09:04 AM Reply Like
  • june1234
    , contributor
    Comments (2650) | Send Message
     
    Hes a BIG very bias MS guy and doesn't hide it. But he does make good calls, depends on your time frame .
    7 Feb, 09:05 AM Reply Like
  • Rhianni32
    , contributor
    Comments (2039) | Send Message
     
    Michael Blair: Please explain to me what they need $160billion for. If you beleive that the share buyback was a waste of money you obvious believe that they had a need for that much and thusly have a plan for it.
    7 Feb, 09:13 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2799) | Send Message
     
    Michael Blair already took his gains and is enjoying them.
    7 Feb, 09:18 AM Reply Like
  • DWBowers
    , contributor
    Comments (1271) | Send Message
     
    You obviously didn't take the time to read the article that where Tim Cook says Apple is entering new product categories this year that he believes will be great. He also said this was a hugely opportunistic opportunity to buy the stock while it's cheap. BOOM!

     

    You are such a negative Nellie!
    7 Feb, 09:45 AM Reply Like
  • JG2000
    , contributor
    Comments (451) | Send Message
     
    I don't see the increased buybacks as eating up notable management time; a few meetings, a couple clicks, and the numbers in the spreadsheet change. I was, however, leaning more toward MB's view on the buybacks being just a temporary juice to the stock...but it's looking like this is being interpreted as management confidence in 2014 innovation/performance so the effect looks to have more staying power.
    7 Feb, 10:02 AM Reply Like
  • Michael Blair
    , contributor
    Comments (4802) | Send Message
     
    @Samuel_Liu - they make the puts more attractive in my view since Apple is paying what I think is a price greater than fair value to the selling shareholders leaving the loyal shareholders with less value. Only time will tell since there is a debate about what that fair value is, but I like my bet and will add to it.
    7 Feb, 10:06 AM Reply Like
  • Michael Blair
    , contributor
    Comments (4802) | Send Message
     
    @Rhianni32 - I think a dividend would have been a better way to return money to shareholders if it was surplus as you suggest, since it treats all shareholders equally. Buying back stock at a premium to fair value is destructive to remaining shareholders. There are differing views of fair value but in mine the buybacks hurt and do not help the share price. Watch what happens if earnings fall a bit.
    7 Feb, 10:07 AM Reply Like
  • Fauve
    , contributor
    Comments (2) | Send Message
     
    "Those who sold the stock into the buyback may turn out to be the big winners". You're kidding right? Apple management just sent out a very strong message about what they feel about the value of the stock at levels of around $500. Does it ever occur to you that they know more about their own business prospects than you do?
    7 Feb, 07:49 AM Reply Like
  • Doctor Who
    , contributor
    Comments (272) | Send Message
     
    I still voted yes to Icahn's proposal. 160 billion is a joke. Shows they have no idea what to do with it. Just go private already if need be if you cannot respect the shareholders.
    7 Feb, 07:50 AM Reply Like
  • june1234
    , contributor
    Comments (2650) | Send Message
     
    Icahn didn't up his stake in the fruit cause he plans on losing money. Buybacks have been working for everyone else. Its not complicated spread earnings to a shrinking base of shares .In Apple's case massive buyback = to 16% of outstanding shares put a bottom in stock when first announced. With all that cheap money still out there so long as rates don't rise too much expect that trend to continue till it doesn't. I seriously doubt Apple has stopped working on product development
    7 Feb, 07:51 AM Reply Like
  • mjm11
    , contributor
    Comment (1) | Send Message
     
    I wish I had bought AAPL years ago!
    7 Feb, 07:51 AM Reply Like
  • glacier32
    , contributor
    Comments (22) | Send Message
     
    I nailed this. On Jan 31st, I wrote on a comment - http://seekingalpha.co...

     

    For consecutive two days, Apple had high block volume. Today one 1.5m and another 800k shares crossed the tape at a price higher than then best ask. Sounds like the company is buying and supporting the shares at 500. If so, the company might have spent 2-4 billions in these two days.
    7 Feb, 08:05 AM Reply Like
  • glacier32
    , contributor
    Comments (22) | Send Message
     
    Since 67% of the 60B buyback has already been executed, the board will discuss new program to replenish the current one. So another 50B in 3 years term is likely. Though Icahn requested an accelerated buy back, the new one will appease most activists including Icahn.

     

    Another take away I get is the company is determined to buy their stocks at $500 line. So this sets a floor under the stock. We will have the tailwind of additional buyback, dividends and new product cycles.
    7 Feb, 11:06 PM Reply Like
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    stock is only up 1.5% this morning on this news... probably not gonna amount to much unless they continue the accelerated buybacks.
    7 Feb, 08:39 AM Reply Like
  • insider7
    , contributor
    Comments (4) | Send Message
     
    I don't see where Apple buying back shares is helping me. I would much rather receive a nicer dividend of cash or shares. The way I see it, buying back shares guarantees only two things: that the number of shares outstanding declines and earnings per share increases. It does not mean the stock price will increase. Since Apple wants to sit on all the profits rather than sharing them with stockholders, I receive no benefit. Can someone explain to me why I am wrong? mr. Icahn.
    7 Feb, 08:45 AM Reply Like
  • JD in NJ
    , contributor
    Comments (979) | Send Message
     
    1) If they decide to pay the same dividend in total dollars this year as last year, that's effectively an automatic bump in the size of the per-share dividend. If they were planning to raise it, they can either do so by a larger amount without negatively impacting the cash flow of the company.

     

    2) With earnings per share increasing, fundamentals-based investors will assign a higher value to shares. While this does not necessarily provide a direct linear increase in per-share price, it does add a bit of upward pressure on it.
    7 Feb, 09:03 AM Reply Like
  • steven russo
    , contributor
    Comments (181) | Send Message
     
    Think about this. Say apple is yielding 2.5% and since they have started their buyback and finish the next one by september they could have bought back close to 50% of their shares. Then they double the dividend and all of the sudden is yielding 5% but apple will be paying out the same amount in absolute dollars (around 2.8B) every quarter. The market will readjust immediately and send apple right through its all time highs. Watch.
    7 Feb, 11:37 PM Reply Like
  • joshua451999
    , contributor
    Comments (3) | Send Message
     
    Find this interesting and a very different prospective then Synchrogetton or swilling.

     

    * The tech sector could get a boost from Apple (AAPL) after the iPhone maker said it bought $12 billion worth of shares via an accelerated share repurchase program and $2 billion more from the open market in the two weeks since it reported earnings. Apple shares were up 2 percent in premarket trading.

     

    I suspect management and Cook will continue their vision... despite the likes of Ichan and the dooms day players and their agenda.

     

    Again, with the larger iPhone and iPad on the drawing board, their approach to payments on line, the most likely new Iwatch with medical apps to monitor lots of bio. functioning, the new fingerprint ID and advances like sapphire glass... apple continues to expand its prospective and hopefully be very close to the cutting edge tech world. Will we see hilarious monstrous growth in the future??? Don't know. For now, they are focused on customer service and providing what the investing environment demands of a product. Do they screw up occasionally, like their attempts to mimmic the maps function... YES.. but they didn't run and hide or 'sneak around' with plausible deniability like our Gov't does Oh Well. We will see.
    7 Feb, 08:52 AM Reply Like
  • norsemantrader
    , contributor
    Comments (7) | Send Message
     
    Nice. I'm looking at premarket open of 525. Just bought in a few days ago at 502. Feeling more lucky than market savysmart, I'll take the win;) It would be nice for apple to light a fire under this by announcing something new to product line. Start with say the much anticipated bigger screen for the iphone, then knock all the naysayers out with the one two punch of an apple I-tv and a major aquistion of something like say sirius xm. Then both of my investments could soar like the green mountain rocket ship!
    7 Feb, 08:54 AM Reply Like
  • G.B.
    , contributor
    Comment (1) | Send Message
     
    Apple has one big problem. Maybe I should say tall instead of big. No, big is right and tall is too. Tim Cook. Stubborn like an old mule. Wealthy beyond his imagination because of US. People say he's too secretive. I define secretive as hiding something(s). My distain fall outside that definition. Let me boil this down to two words. Five inch. Two plus years ago the world (smartphone users) finally decided on the perfect size phone. For arguments sake I'll call it "five inch" . Speculation started immediately about how spectacular Apple's newly sized phone would be. Over that period I've heard three new Apple phone sizes probably ten times. The facts bore out the truth. Tim doesn't want to give the World the phone that they want and if you compare numbers demand. The criticisms I hear from Apple devotes astonishes me. For disclosure I don't use Apple. Not a single device not a single song; nothing nada zilch. I think they are overpriced crap. I think they are highly priced toys. I do invest and often in companies who's products I never use. That's personal choice. "Personal Choice" is what this is ALL about. Tim doesn't like options. Tim doesn't like variety. Time didn't invent the five inch phone so he refuses to make a five inch phone. Shareholders should know one simple thing. That decision has cost Apple 100+ million premium I-phone sales in 2013 alone. Were those available we wouldn't be having this conversation. Apple would be providing tremendous GROWTH. Tremendous NUMBERS. Tremendous BUZZ. Tremendous PROFITS. I should say MORE tremendous profit.
    Tim may not know any of this. When Tim feels a need for clarity he drives or walks to the nearby Apple store and thinks "the crowd" means he's right. Where would Apple be were he their only leader? I actually think I know.... building a spectacular 3 inch flip phone ! Go Tim. No, I mean it "GO TIM"
    7 Feb, 08:54 AM Reply Like
  • Joey2shoes
    , contributor
    Comments (61) | Send Message
     
    I used to be very much like you. As an ICT industry insider, and still one, i thought Apple products over priced and crap but then I bought an iMac and my impressions changed. From that to an iPad and then to an iPhone and an Apple TV. I can't go back to a MS based world of cut and paste and mix and match. Keep your world where everything has to be bolted on and screwed around with and protected from hackers. I prefer the simple life because what you see as expensive or premium, I see as payment for adding extra free time to my life to do with as I please.
    8 Feb, 09:38 AM Reply Like
  • michiganjake
    , contributor
    Comments (290) | Send Message
     
    Google misses and Apple beats on top and bottom lines. Google goes up, announces a stock split, and goes up some more. Google has a huge PE of 31.75 and Apple sits at a PE of just 12.63. How does the Street justify this disparity?

     

    Glad to see Cook and company buying back Apple's stock at these bargain prices. Serious money will be made in dividends alone, not to mention the price appreciation moving forward when the new products and services are announced later this year.
    7 Feb, 09:18 AM Reply Like
  • insider7
    , contributor
    Comments (4) | Send Message
     
    I don't see where Apple buying back shares is helping me. I would much rather receive a
    nicer dividend of cash or shares. The way I see it, buying back shares guarantees only two things: that the number of shares outstanding declines and earnings per share increases. It does not mean the stock price will increase. Since Apple wants to sit on all the profits rather than sharing them with stockholders, I receive no benefit. Can someone explain to me why I am wrong? Mr Icahn?
    7 Feb, 09:26 AM Reply Like
  • DWBowers
    , contributor
    Comments (1271) | Send Message
     
    Stock buyback decreases the number of outstanding shares. This decreases the number of outstanding shares and helps increase earnings per share thus increasing the value of your stock. How is this not a direct benefit to you?
    7 Feb, 09:49 AM Reply Like
  • Cagdas Ozgenc
    , contributor
    Comments (408) | Send Message
     
    It doesn't work that way. When you are buying back stock you are spending cash and this reduces the value of your balance sheet which negates the effect of increased EPS. Stock buyback creates value for the shareholder if the purchase price is below the fair valuation of the company. This means that increase in EPS creates a higher value than lost by the spent cash. For Apple, I strongly believe it is the case. The fact that it is funded by the american citizens, thanks to FED, is a bonus.
    7 Feb, 09:59 AM Reply Like
  • AutoRegressive
    , contributor
    Comments (192) | Send Message
     
    @cagdas, the market values cash at a less than a 1 multiple.
    7 Feb, 12:03 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9080) | Send Message
     
    I don't like buybacks, but this was so perfectly timed and sent a powerful enough message that I can't really complain at all.

     

    Kudos to Tim Cook and the team. You actually care about your stock/shareholders :-)
    7 Feb, 09:46 AM Reply Like
  • dgfurr
    , contributor
    Comments (66) | Send Message
     
    One possible reason they repurchased the stock is to cover the employee options commitments. Shareholders will not benefit from a 3% float buyback.
    7 Feb, 10:15 AM Reply Like
  • The_Hammer
    , contributor
    Comments (4057) | Send Message
     
    All the hotSH#!s telling tim to buyback at highs???
    Good job Tim for NOT listening to these short term flippers

     

    Most of corporate america SU#@s with buybacks. You buyback shares when they go low not at constant highs.
    7 Feb, 10:46 AM Reply Like
  • wigit5
    , contributor
    Comments (4119) | Send Message
     
    at the highs? People were screaming for him to buy back in the low 400's which was just a few months ago...
    7 Feb, 10:53 AM Reply Like
  • techy46
    , contributor
    Comments (6268) | Send Message
     
    Apple's stock is obviously Apple's best use of their cash pile right now.
    7 Feb, 10:59 AM Reply Like
  • Krakin
    , contributor
    Comments (82) | Send Message
     
    Good job Tim.buy all shares you can but you won't get mine.....unless there is no new product news this year.
    7 Feb, 11:13 AM Reply Like
  • Tim McAleenan Jr.
    , contributor
    Comments (2068) | Send Message
     
    Nice use of fortnight.
    7 Feb, 11:46 AM Reply Like
  • Ron Alwin
    , contributor
    Comments (57) | Send Message
     
    When a corporation has a program in place to purchase up to $60B in shares by the end of 2015 and stated publicly, why is everyone surprised when they chose to do it?

     

    Apparently they think @ 500.00 it is a screaming buy as they already indicated exciting stuff coming. A lot of people think it's financial engineering..not me.

     

    Imagine the outrage if they release a killer product or pay system and the share price exceeds 600.00+...everyone would be calling for Tim's head and wondering how stupid he is for NOT buying the stock when it was @ 500....geez
    7 Feb, 01:42 PM Reply Like
  • imakemoneywaqtchingu
    , contributor
    Comments (4) | Send Message
     
    sounds just like the Feb buying bonds, it a bubble, baby!
    7 Feb, 02:10 PM Reply Like
  • imakemoneywaqtchingu
    , contributor
    Comments (4) | Send Message
     
    its no different from the Feds buying bonds. Beware. They seem to like to play with bubbles as much as my child does in the bath tub.
    7 Feb, 04:21 PM Reply Like
  • Hlog160
    , contributor
    Comments (14) | Send Message
     
    I hope that the value of Apple stock continues to rise. It is owned by my revocable Trust for my Children & Grand-Children. It is for them that I hope Apple will continue to increase.
    7 Feb, 04:21 PM Reply Like
  • imakemoneywaqtchingu
    , contributor
    Comments (4) | Send Message
     
    no female under 5'8" will ever wear an iwatch.
    7 Feb, 04:21 PM Reply Like
  • imakemoneywaqtchingu
    , contributor
    Comments (4) | Send Message
     
    dividends not buy backs, I am done, peace
    7 Feb, 04:21 PM Reply Like
  • quabbin
    , contributor
    Comments (127) | Send Message
     
    Buybacks are like blood transfusions aren't they?
    7 Feb, 06:52 PM Reply Like
  • alpine
    , contributor
    Comments (1107) | Send Message
     
    There is a suspicious side of me which asks "what if.....

     

    a) Apple "managed" and announced a bad quarter, which was the case, at least when it came to number of smartphones sold;
    b) they "knew" the earnings announcement would depress the stock price; and
    c) had their Corporate Treasury folks ready to buy back the stock aggressively immediately after the EPS announcement knocked down the stock price sub-500.

     

    The only thing different about Mr. Cook vs the likes of Mr. Palmisano/Rometty (IBM), Cisco (Mr Chambers) and even Microsoft is Mr. Cook gloating over to WSJ how he managed to buy back so much stock at such cheap prices.

     

    Why do I think the next lesson from Mr. Chambers that Mr. Cook will cook up is announce a major restructuring charge, make it all GAAP (as it has to be) but the non-GAAP earnings will be pretty rosy, and the stock price will go up, just so that the likes of Mr Icahn will be happy.

     

    As a final thought, I suspect the Apple AGM is coming up soon, and he has to "prove" he has done something spectacular during the past 12 months, (just so he can save his skin for another year), even if it is not in the area of interest for most long-term Apple stockholders, i.e. fabulous new products.
    9 Feb, 02:19 AM Reply Like
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