"Apple (AAPL -2.1%) is leaning toward additional dividends or a share buyback program," Quartz...


"Apple (AAPL -2.1%) is leaning toward additional dividends or a share buyback program," Quartz reports. Sources claim an announcement could arrive in spring, possibly at the same time as a product announcement. Between Apple's remarks and David Einhorn's campaign, many of the Street have been expecting a move.

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Comments (66)
  • bobbobwhite
    , contributor
    Comments (2115) | Send Message
     
    How about a new product or business instead? Apple is sitting on its hands while Android is eating its lunch. CEO Cook and BOD are ineffective and should be replaced.

     

    If nothing comes soon, Apple will never again be the same company.
    12 Mar 2013, 04:02 PM Reply Like
  • Jack Baker
    , contributor
    Comments (1284) | Send Message
     
    AAPL makes 72% of all global smart phone profits and 91% of all global tablet profits. Now......who is eating their lunch? LOL
    12 Mar 2013, 04:40 PM Reply Like
  • John1138
    , contributor
    Comments (161) | Send Message
     
    ^This^
    12 Mar 2013, 04:53 PM Reply Like
  • hahaha48
    , contributor
    Comments (1411) | Send Message
     
    i assume you are long appl
    goog and samsong have increase their stock prices while they are laughing at your lost.

     

    So keep laughing to the bank
    12 Mar 2013, 04:58 PM Reply Like
  • Eric Dee
    , contributor
    Comments (2186) | Send Message
     
    Hahaha, there goes the Samsung market share. Who is going to pay for more for a knock off. See today's court decision. Over 1 Billion to AAPL from Samsung. That's a big 48 HaHas on you and Android partners. No wonder they are raising the price. One down billions to go!
    12 Mar 2013, 05:04 PM Reply Like
  • lichan
    , contributor
    Comments (39) | Send Message
     
    I'm confident new products will be announced. AAPL aren't fools. They know they need to address certain markets.

     

    I do think that they need to staunch the bad news as a PR/Marketting matter. AAPL should to initiate a share buy back in order to provide some support for the shares. Share prices do matter because falling share prices affect employee morale. It also affects the way consumers view AAPL, premium brand, with a tanking stock price - it's not a good idea. Consumers do get attracted to the glitz of a company that's doing well. They want to see what the story is about.
    12 Mar 2013, 10:33 PM Reply Like
  • bzw
    , contributor
    Comments (13) | Send Message
     
    The lack of responsiveness and leadership by Cook and the Apple Board is appalling, and grounds for all of them to be dismissed. They have destroyed a totally unique and exceptional company, and destroyed the allegiance and investments of hundreds of thousands of devoted stockholders and consumers. Time for Cook and his cohorts to go!!!!
    13 Mar 2013, 04:37 AM Reply Like
  • Eric Dee
    , contributor
    Comments (2186) | Send Message
     
    bzw, did you even bother to read the Warren Buffet analysis of market corrections and Berkshire Hathaway B shares?... emitting drivel on SA. Get a napkin and wipe the drool off.
    13 Mar 2013, 12:37 PM Reply Like
  • denisz
    , contributor
    Comment (1) | Send Message
     
    A buyback of stock is the most efficient use of excess capital and will have the greatest impact on stock price. A dividend will have little impact but will satisfy fund managers and Wall Street mis-anaysts.
    12 Mar 2013, 04:06 PM Reply Like
  • John1138
    , contributor
    Comments (161) | Send Message
     
    IIRC a stock buyback was given as the reason for their lack of forward eps guidance as they were at that time unsure how many shares would be outstanding.
    12 Mar 2013, 04:55 PM Reply Like
  • Larry Harnar
    , contributor
    Comments (338) | Send Message
     
    They need to do something. I'd be happy with a gradual dividend growth rate of 10 percent a year. They could even take some of that cash and invest it in dividend paying stocks like (BRK.B) does and then use those dividends to help pay their dividend.
    12 Mar 2013, 04:07 PM Reply Like
  • Squeeky Wheel
    , contributor
    Comments (350) | Send Message
     
    That would be ironic... since BRK doesn't pay dividends and has no plans to do so. Read the annual letter, it's very clear.
    12 Mar 2013, 04:11 PM Reply Like
  • Larry Harnar
    , contributor
    Comments (338) | Send Message
     
    Yeah, I know (BRK.B) does not pay dividends, but they invest in companies that do and use those dividends to invest in other businesses. They don't just sit on their float and let inflation eat it up.
    12 Mar 2013, 04:14 PM Reply Like
  • Tradevestor
    , contributor
    Comments (5011) | Send Message
     
    Larry - Dividend stock like Berkshire ???
    12 Mar 2013, 04:15 PM Reply Like
  • sumo28
    , contributor
    Comments (3) | Send Message
     
    you misread Larry's comment.
    12 Mar 2013, 04:15 PM Reply Like
  • Larry Harnar
    , contributor
    Comments (338) | Send Message
     
    Maybe my first comment isn't clear enough.

     

    Yeah, I understand that Berkshire is not paying a dividend. However, they are earning a return on their capital by investing in (KO) (COP) (WFC) etc...

     

    (AAPL) could do the same thing, instead of putting all of their money in bonds. Then they could return those earned dividends to shareholders in the form of an increasing dividend every year.
    12 Mar 2013, 04:20 PM Reply Like
  • Larry Harnar
    , contributor
    Comments (338) | Send Message
     
    @sumo28

     

    Yes, thank you.
    12 Mar 2013, 04:21 PM Reply Like
  • Tradevestor
    , contributor
    Comments (5011) | Send Message
     
    Yup, that's what I assumed you meant , basically a 'better dividend/return' on cash - not literally a dividend
    12 Mar 2013, 04:33 PM Reply Like
  • Larry Harnar
    , contributor
    Comments (338) | Send Message
     
    @Tradevestor,

     

    Yes, why keep all that cash in bonds when there are better opportunities out there?

     

    I know with the very low interest rate environment, many investors are in need of yield from their money and (AAPL) should take that into account when making decisions on how to allocate their cash.

     

    A steadily increasing dividend would put on a floor on the stock price and make them much more appealing to many investors.
    12 Mar 2013, 04:39 PM Reply Like
  • Tradevestor
    , contributor
    Comments (5011) | Send Message
     
    Exactly, like Intel's floor is 20ish..most stocks find a base at the 4% yield mark - unless of course you are talking about a terrible company/stock, which Apple is not
    12 Mar 2013, 04:47 PM Reply Like
  • Eric Dee
    , contributor
    Comments (2186) | Send Message
     
    Keep dreaming Larry, this is a technology company, not an investment company. Please stop whining. If you have better Ideas sell your AAPL stock if you own any, start your own company and let people whine at you!
    12 Mar 2013, 05:07 PM Reply Like
  • Tradevestor
    , contributor
    Comments (5011) | Send Message
     
    Eric - While I agree that investing is not their forte, they must do something with that cash. Letting it earn 1% is not the answer. Be it dividends/buybacks/buying something abroad with the foreign $ or whatever
    12 Mar 2013, 05:27 PM Reply Like
  • cvannette
    , contributor
    Comments (3) | Send Message
     
    It is just that the concept of a stock making money is tough for us Apple holders to grasp :}
    12 Mar 2013, 05:49 PM Reply Like
  • Larry Harnar
    , contributor
    Comments (338) | Send Message
     
    @Eric Dee

     

    I do own seven shares of (AAPL). As a shareholder, I don't think it is unreasonable to ask a company to do something beneficial for their investors, such as pay a dividend. It's not whining. I'm being a realist.

     

    My suggestion is simply my opinion. But, the return of some of their capital to their shareholders is a very popular subject, and I'm sure I'm not alone in my desire to see more cash returned to the shareholders via a dividend increase, special dividend, or issuance of preferred shares.
    12 Mar 2013, 08:11 PM Reply Like
  • Eric Dee
    , contributor
    Comments (2186) | Send Message
     
    Larry, my holdings are considerably more in AAPL and I am not whining. In my opinion, I believe in trusting TC and holding back on the subject of instant gratification. I have an interest in keeping the company afloat and producing new and unique products. All gime dividend demanders are short sited individuals with almost no skin in the game... outside of a few grandstanders. the real problem is they refuse to see the forest from the trees and want to rape the forest... I won't go on but you get the picture correct?
    12 Mar 2013, 10:25 PM Reply Like
  • Larry Harnar
    , contributor
    Comments (338) | Send Message
     
    @Eric Dee

     

    Well, there are plenty of very successful companies that have paid an increasing amount of dividends based on their increased earnings.

     

    I don't really see why (AAPL) should be granted an exception from that trend. Since they started paying a dividend, they should expect investors to treat them as a dividend stock and many of the extremely profitable dividend stocks return more and more cash to their shareholders each year.

     

    After all, they make tons and tons of money every quarter and only spend a small portion of it on research and development, so what else are they going to do with it?
    12 Mar 2013, 11:20 PM Reply Like
  • Eric Dee
    , contributor
    Comments (2186) | Send Message
     
    Larry, Your seven shares of greed is showing. now you try to base what AAPL should do on what other companies do... I own some of those companies too, but retain my AAPL shares which give me a nice dividend. Of course you can buy more shares of AAPL and get bigger dividends or probably, the best thing for you, sell all your shares of AAPL, not even causing a ripple on WS and go somewhere that gives you a larger ROI. What is the problem here? You aren't happy with AAPL so move on.
    12 Mar 2013, 11:53 PM Reply Like
  • wiesje
    , contributor
    Comments (2846) | Send Message
     
    WB is a money manager and Berkshire is an investment company.
    Apple are producers and inventors, they should stick to what they are good at.
    i am perfectly happy with Apple parking their cash in safe instruments and yes those give low returns.
    the moment they start investing that money in to companies or handing it out to money managers to invest for them, it will evaporate.
    they will find very good use for most of that cash in the years to come as new products come out of their " think-tank" and they can at any time, if they identify a company which fits in with their philosophy and they want it just go out and buy it, what a fantastic position to be in.
    i am for one am very pleased they are prudent about their cash.
    it gives me great comfort as a share holder knowing they have it.
    i hope they are not going to take artificial actions under pressure from disenchanted long holders or the mad money men to try and prop up the stock price, that will back-fire, the stock is doing fine, it's going sideways at this low level and it's absorbing all the long liquidation by tired holders, the more the mad money men liquidate and get bearish the better, but if anyone tries to push the stock right now, all the selling which is now nicely coming to the market will get withdrawn and the stock will have missed a unique opportunity to clean itself once and for all, now is the time to get all these guys out and it's happening, is fantastic. leave the stock along, it's doing fine. trust me once the fast money is out of the stock it is unlikely to return quickly they go after another share be it GoogLe, AMZN ..who cares, as long as they stay away from Apple.
    don't be too harsh on the Board, they are not responsible for this decline, this is merely a correction, be it a very big one, but Apple is not dead and buried, on the contrary, this actually is the pull-back the stock was badly in need of.
    Long Apple and adding on dips.
    maybe WB , who seems to be quite focused on what's happening at Apple is ready to make a move and found his Elephant, if he were to take a 5% stake and get a seat on their Board, he could help to look after their cash, until then Apple should park it safely.
    13 Mar 2013, 03:26 AM Reply Like
  • faramarz
    , contributor
    Comments (370) | Send Message
     
    @Wiesje. Fully agree with u. Many of bloggers here are +/- traders & not investors. Some have bought at high 600 or even 700. they have lost a lot. Now they want a BRD decision to quickly reverse the course of the stock.
    As long term investor, one must make a choice relying on fundamentals & forget the market's daily moves.
    Apple cannot launch a new product every year. Their last one (Ipad) was in 2010. Their next one will be some where between 2013 & 2015. In the meantime, Apple will refresh their existing products & make as much money as possible on the existing line.
    Apple has reached a size that a 10% drop (16B) of their Revenue will not do any harm to the company. That would mean only 6,4B on the bottom line. That means net profit of 35.4B (37.7$/Share) instead of 41.8B (44,1$/Share). An EPS of 37.7 $ must lead to a share price between 450 (12x) & 530 (14x).
    Will Apple's revenue drop by 10% ? The answer is NO. Q1 13 Revenue was 54,5B & their guidance for Q2 13 was 41B (low side) each time higher than 2012 figures.
    I'am sure that TC & the BRD will come with a good solution for the shareholders based on long term decisions & I'am also sure that they will not (& shall not) decide under the WS pressure. I'am also sure that their decision will be far more long term based that my own.
    I think also that they must invest their cash secure (as they do) until the find a good reason to spend it. Why should Apple spend it's cash to buy a company for the sake of buying something as did Google. They may spend this cash to buy a major actor of TV program distribution or some other major actor needed in their future device pipeline.
    I'am long Apple since 2006 & have bought the stock almost every year mostly on dips. Apple today is the same company than it was late september when it traded at 700+. After the Q1 13 earning release resulting in 26.7%/7.3$/S increase in revenue/EPS (14 to 13 weeks adjusted & despite a phenomenal & exceptional Q1 12 earnings & after all those supply constraints & lower margins due to new products) one must feel very confident & proud of such company & it's managing team & BRD.
    Wait & see the next Q earnings. Apple's Q2 12 earnings was also exceptional. The guidance for Q2 13 is 41-43B which is 5 to 10% increase over an already phenomenal Q2 12. If Apple performs within the guidance, it will be already a very good result. If Apple beats the guidance, it will be again exceptional.
    If one thinks that this is not a well managed company, then one must tell us which company is.
    The low of big numbers will not allow any more those insane over 40% growth in Revenue or EPS. What matters now is not the insane percentage of the growth but some steady & sane growth of +/- 10% of the Revenue & +/- 5 to 10% of the EPS.
    Perhaps Apple will distribute one way or another 60 to 80% of future bottom line figure to their share holders. Perhaps Apple will do more on the buy back side (fully profitable to share holders) than on the dividend side (tax reasons). Whatever they do, it will be a good long term decision.
    13 Mar 2013, 07:42 AM Reply Like
  • 8747S1115R
    , contributor
    Comments (260) | Send Message
     
    Cheapest stock on the market! Easy Money! Low Risk! Come on they have 137B in cash only paying out 2.65B per quarter in dividends.16B in Net Income last quarter. Dividend obviously going to be raised soon, buy it before it goes back above $500
    12 Mar 2013, 04:07 PM Reply Like
  • lreynoldswvu
    , contributor
    Comments (4) | Send Message
     
    It was cheap when I bought it at $521. It will be even cheaper when it reaches $350.00 after next earnings release. The marketing of this company has gone from outstanding to deplorable. Samsung absolutely killed Apple with it's marketing. Apple came back with some incredibly lame commercials showing minor features on its phone. Everyone is just hoping that some secret product or feature is out there while shareholders are left hanging in the wind while analysts convince the world that Apple is done......and maybe it is judging by Apple's non response to everything. When was the last time Tim Cook opened his mouth and the stock went up?
    12 Mar 2013, 04:39 PM Reply Like
  • Rkbeemer
    , contributor
    Comments (3) | Send Message
     
    I can't believe this company isn't capable of doing something, anything to offer some hope to is followers there is light at the end of the tunnel. A buy back, a new product, anything.
    12 Mar 2013, 04:10 PM Reply Like
  • DICKLR68
    , contributor
    Comments (14) | Send Message
     
    HANG IN THERE !

     

    I THINK WE WILL BE REWARDED !
    12 Mar 2013, 04:21 PM Reply Like
  • nandrake
    , contributor
    Comments (8) | Send Message
     
    Mr. Cook and the Board should be ashamed they are allowing the stock to lose so much without ongoing comments or support for shareholders.
    Perhaps a Class Action suit would wake them .
    POOR shareholder support.
    12 Mar 2013, 04:21 PM Reply Like
  • Vegas Ben
    , contributor
    Comments (212) | Send Message
     
    Apple announced the dividends and share buyback last year on March 19, 2012, which was the 3rd Monday of March last year. Any new announcements could come on Monday or Tuesday of next week!!!!
    12 Mar 2013, 04:28 PM Reply Like
  • Tradevestor
    , contributor
    Comments (5011) | Send Message
     
    Vegas, agreed.. that's exactly what we pointed in a recent article.. March 18th could be the day the longs get some relief
    12 Mar 2013, 09:13 PM Reply Like
  • Eric Dee
    , contributor
    Comments (2186) | Send Message
     
    Tradevestor and VB, You guys are now speculating and hoping for your payback based on what? Something that happened last year. I did not buy AAPL to tell the board how to run things... we're not talking about a lemonade stand you know. More power to you if you can do a better job. That will be the day that I flush the toilet and get out. You have a choice and one of them is not a shareholder revolt. If you don't like the way the company is being run and you have run out of patience, my best advice to you is sell and find a company that has a larger dividend b4 it's too late. What happened in 2012 has no, repeat NO bearing on the conditions now, consequently stop betting on the come, it and half the unsubstantiated rumors aren't worth a nickel.
    12 Mar 2013, 11:10 PM Reply Like
  • Vegas Ben
    , contributor
    Comments (212) | Send Message
     
    It is speculation based on the fact that the board of directors met at the same time last year and discussed dividends, which makes it likely that they will meet again this year around the same time, and have a similar discussion. Also, Tim Cook has recently mentioned that they are considering ways to give cash to shareholders. I actually don't want them to increase the dividend, but I look forward to any catalyst to help get the share price back to $600+, which I definitely do want! I don't want to sit on this stock for years. I'd prefer to make some profit and then move on to other undervalued stocks.
    12 Mar 2013, 11:54 PM Reply Like
  • Eric Dee
    , contributor
    Comments (2186) | Send Message
     
    VB, I applaud your desire not to get an increased dividend, time will tell on market valuation. Every share holder would love to see AAPL back at 600+ but it is not very likely that it is going to happen soon. The last runup was unique... What about BBRY or Google maybe FB, you might get more ROI there. With AAPL you are going to need patience.
    13 Mar 2013, 12:36 AM Reply Like
  • Tradevestor
    , contributor
    Comments (5011) | Send Message
     
    May or may not repeat but Apple's cash hoarding behavior make them more likely to be a careful annual dividend grower than one that would do special dividends or throw away money on poor acquisitions
    13 Mar 2013, 08:30 AM Reply Like
  • jgren
    , contributor
    Comments (14) | Send Message
     
    They dont rush. The gap between products is the shortest it's ever been. I know many who went GSIII - back now, cheap, free whatever the deal, they regret and return to the iOS eco-system.
    12 Mar 2013, 04:28 PM Reply Like
  • Vegas Ben
    , contributor
    Comments (212) | Send Message
     
    Me and my girl both have Droid 3 phones. I already had to replace mine once because of ongoing hardware and software issues. She wants an iPhone very badly, and I might have to make the switch with her. I've always been a Windows man and I've never purchased an Apple product in my life, so my first time as an Apple customer might be this summer. On the other hand, I recently bought a Google Nexus 7 and I love it so far.
    12 Mar 2013, 04:34 PM Reply Like
  • John1138
    , contributor
    Comments (161) | Send Message
     
    Even at the lower end the iPhone 4's are very nice machines, though if you need or would appreciate LTE speeds the iPhone 5 is a nice upgrade.
    12 Mar 2013, 04:57 PM Reply Like
  • kimboslice
    , contributor
    Comments (1773) | Send Message
     
    I own a couple of cheap Android products also, I like them. They do have bugs, one was replaced entirely.
    I bought more shares of AAPL with the dough I saved.
    Your girlfriend shows why the Apple brand is so powerful. She wants that phone and if you don't get it for her, she may find a way to get it for herself.
    12 Mar 2013, 07:05 PM Reply Like
  • Regarded Solutions
    , contributor
    Comments (20530) | Send Message
     
    I want dividends! hehehehe......YES!
    12 Mar 2013, 04:37 PM Reply Like
  • kimboslice
    , contributor
    Comments (1773) | Send Message
     
    All those who believe 1. Apple must invent something new immediately 2. Apple must pay back shareholders 3. Apple is losing profits because of Android must all be very impatient people.
    You should not be a stock investor if you will freak out over nothing but a normal stock value fluctuation.
    If you wanted dividends why didn't you buy Exxon instead?
    Apple is doing fine, all predictions of doom and gloom are completely absurd.
    I've owned some AAPL for years and in ten more I'll be one super happy investor. You will too.
    Some guys sound to me like kids on a road trip: "Are we there YET?"
    12 Mar 2013, 04:38 PM Reply Like
  • cvannette
    , contributor
    Comments (3) | Send Message
     
    Kim, please describe the percent drop you see as a 'normal stock value fluctuation.'

     

    Thanks
    12 Mar 2013, 05:49 PM Reply Like
  • Rhianni32
    , contributor
    Comments (2086) | Send Message
     
    A 40% drop in share price might be normal and what you are used to with your portfolio kim but that isnt normal for most people.
    12 Mar 2013, 06:17 PM Reply Like
  • kimboslice
    , contributor
    Comments (1773) | Send Message
     
    A few guys comment that AAPL dropping 40% is so unusual.
    A stock going up 780% in fewer than 4 years (AAPL Jan 2009-Sept 2013) is unusual.
    After a quick rise of 780%, the fall to earth of any rocket ship is actually something to be expected.
    So, today AAPL is up about 475% from Jan 2009.
    "The sky is falling!" "Samsung is eating Apple's lunch!" "I want my dividend now!" etc. sound like sad bleating from people who have no perspective, no patience and maybe no fortitude.
    You guys should know about companies that have had similar rises that disappeared completely, not just dropping 40% from their high, e.g. Sun Microsystems. I don't know if sun is even still in business.
    All doubting Thomases should not put any faith in Wall St.
    Wall St. geniuses are lounging in starbucks in Greenwhich CT after they lost billions betting on bonds backed by mortgages to illegal aliens in California.
    You have the ability to walk into an Apple store and see for yourself.
    12 Mar 2013, 06:54 PM Reply Like
  • Rhianni32
    , contributor
    Comments (2086) | Send Message
     
    Companies that rise 780% on terrible fundamentals to overpriced levels will fall a lot.
    Excluding their cash for market share AAPL is sitting at a 6.5 P/E and people are cutting estimates and talking about how much more it has to fall. Thats whats unusual here.
    12 Mar 2013, 07:03 PM Reply Like
  • XRTrader
    , contributor
    Comments (690) | Send Message
     
    Interesting, I thought the most important part of this 'news' release by Quartz (if you believe their "sources" at all): "some of the sources say Apple increased the size of its plan after Einhorn’s comments." And, also a reiteration that Apple officials are conscious of the company’s lagging stock price.

     

    This combo suggests that AAPL (maybe?) knows that it has to do something meaningful. Last year they announced a 45 billion 3 year return (15 billion/year - 10 billion divy, 5B buyback). If they were considering an additional 2/10 (2B divy increase, and 10B buyback over 3 years) maybe the "pressure" from Einhorn and stock price downdraft have moved them to 2.5/15. That would be an additional 52 billion in capital distribution, but over 3 years. That would be well within their US cash flows and probably could be done out of cash flow without touching their cash hoard.

     

    That would make the total 3 year buyback in the range of 12%, and a healthy $12.50 or so / year / share in divy. That would be 2.5% return at $500 / share.

     

    The "rumor" also of a 'double' announcement of a product and cash usage would a powerful catalyst to the stock price. iPad mini retina, iRadio, iPhone 5S, would all be nice 'boosts' along with a larger cash return.

     

    I've been expected an announcement in March for a while now. Will be very disappointed if they don't do something this month.
    12 Mar 2013, 04:59 PM Reply Like
  • Vegas Ben
    , contributor
    Comments (212) | Send Message
     
    Apple already has a $10 Billion repurchase program. As of the end of Q1, they had only repurchased $2 Billion in shares, leaving them $8 Billion to purchase additional shares. I don't know why they would announce additional funds for the repurchasing unless they were getting close to using up the remaining $8 billion, which seems very unlikely.
    12 Mar 2013, 05:14 PM Reply Like
  • XRTrader
    , contributor
    Comments (690) | Send Message
     
    Vegas - they had "authorized" only 10 billion over 3 years; usually that telegraphs that you want to do 3.3 billion per year. And, indeed, when they announced that they indicated that the intention was to keep share count STABLE. i.e. they were going to buy back over time to stock dilution from executive stock issues. So, yes, they have 8 billion left, but they should change the tone and speed of the buyback - most companies telegraph to the market what the goal of a buyback is and what the speed is.
    13 Mar 2013, 11:35 AM Reply Like
  • Eric Dee
    , contributor
    Comments (2186) | Send Message
     
    But, XRTrader, AAPL is not an investment company. If they were we would not be having this conversation today.... I think that they should take their time, I am not after a quick hit and run as many posters here seem to be. I like good investments and AAPL is one of those that will be around for a long time. The WS Technology sector eats bad investments for lunch.
    13 Mar 2013, 12:44 PM Reply Like
  • S Klemm
    , contributor
    Comments (11) | Send Message
     
    Too much focus on short term stock price is a distraction from the core business of giving the customer what they have always dreamed of. Their focus is in the right place, the question is whether or not their CEO can execute as well as he did when he was Job's COO. We'll know in the next 6 months if that is so. If it is, and they announce the launch I think they will, hold on for 700.
    12 Mar 2013, 05:49 PM Reply Like
  • atessan
    , contributor
    Comment (1) | Send Message
     
    Apple shares tanked today following Jeffreys analyst downgrade. How reliable is his assessment? Anybody can answer.
    Concerned.
    12 Mar 2013, 05:49 PM Reply Like
  • Vegas Ben
    , contributor
    Comments (212) | Send Message
     
    Can you trust anybody who downgrades a stock AFTER it falls from $700 to $430?
    12 Mar 2013, 06:02 PM Reply Like
  • kimboslice
    , contributor
    Comments (1773) | Send Message
     
    If any analyst knew anything, he'd be retired or running a fund.
    Check out a very successful fund, e.g. Fidelity Contrafund. See what the manager of this fund says about Apple.
    Analysts are a dime a dozen and should not be the source of your decisions.
    12 Mar 2013, 06:59 PM Reply Like
  • cshoxie
    , contributor
    Comments (361) | Send Message
     
    According to the article, a dividend and/or share buyback will be announced in the spring. Wednesday March 20 is the first day of spring. With only 5 more trading days till the first day of spring and a projected loss of $9.44 a day, AAPL should be trading at $381.23 on announcement day. The stock, IMHO, will then be cheap!
    12 Mar 2013, 06:00 PM Reply Like
  • Eric Dee
    , contributor
    Comments (2186) | Send Message
     
    Yeah, cs hoxie, we meet again and again it is your fantasy that rules your market and so what if you are right, Warren Buffet spoke to Steve and asked all the right questions then came out and said that BRK.b has been on the same path as AAPL... and your point is? Is that your loss projection or did I miss something?
    13 Mar 2013, 12:47 PM Reply Like
  • psl
    , contributor
    Comments (17) | Send Message
     
    Stock is just trading on rumours by bs analysts. The dividend needs to be 4 to 5% to put a solid floor on the stock price. The media is making it looks like Apple is closing the doors and going bankrupt like RIM almost did. It is still the strongest and most profitable company in the world and just because it has been a few months since the last product does not mean innovation is dead.
    12 Mar 2013, 06:46 PM Reply Like
  • EJC1645
    , contributor
    Comments (81) | Send Message
     
    I hope AAPL is being careful to hedge the possibility of very
    large losses which will occur when interest rates turn up as
    they inevitably will, maybe sooner than most think.
    12 Mar 2013, 09:12 PM Reply Like
  • lichan
    , contributor
    Comments (39) | Send Message
     
    I think with the uncertain effects of the sequester, Europe's economy being fragile, inflation under control globally, I don't think interest rates are going up any time soon.

     

    But no doubt AAPL has taken into account the possibility of interest rates moving up and bond prices moving down.
    12 Mar 2013, 10:28 PM Reply Like
  • paulvard
    , contributor
    Comments (127) | Send Message
     
    With all of its money Apple should buy Tesla.
    12 Mar 2013, 11:00 PM Reply Like
  • rrosey2
    , contributor
    Comments (883) | Send Message
     
    Look at the big picture.

     

    The culture at Apple has always been "innovation".

     

    If you believe that, then be patient.

     

    Everything else is a side issue as Cook said about Einhorn's rant.
    13 Mar 2013, 12:17 AM Reply Like
  • ruscogigo
    , contributor
    Comment (1) | Send Message
     
    Apple stock price has tanked once or twice on Steve Jobs watch as well. Whilst this drop is not normal, it is not unprecedented either. Yes Apple need new products but I do not think this fact will have escaped the board do you? surely if you have such little faith in management you should not be invested in this company.
    13 Mar 2013, 05:36 AM Reply Like
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