Sepod

First Step to Fix the Markets: Let Shareholders Vote on Buybacks

AAPL is a textbook case wherein Management can spend $5BB - $10BB buying their shares back without even breaking a sweat. They've been sitting on a rapidly growing stockpile of cash that, as of now has reached $25BB. And the only thing this cash horde gets them is a fabulous balance sheet, besides that, it merely sits there and grows. Yes, they've purchased a few Companies here and there, but that hasn't even dented their pile in the least. The stock is down from 203 approximately a year ago to a current price of 85. What better way to open up the purse strings than to buy their own shares at prices that may never be seen again. C'mon Steve Jobs let's see a share buyback, as that may very well be the impetus that AAPL needs to give it a kick start in the butt, so this wonderful stock can have a price equal to it's greatness. BTW Steve, while you're buying back AAPL shares, how about if you get on the Toob and tell your adoring public that not only are you still alive...but flourishing, as that would add additional credence for a precipitous rise in AAPL shares posthaste.