|
Post by Lstream on Feb 10, 2013 10:53:39 GMT -8
This will not make you feel better, but they did it in 3 months, not 4. Who knows what they did in January.
|
|
|
Post by mbeauch on Feb 10, 2013 11:02:14 GMT -8
This will not make you feel better, but they did it in 3 months, not 4. Who knows what they did in January. The proverbial cat is now out of the bag. How they have acquired so many shares in such a short time without raising any suspicion blows my mind. It also means most all of the BS theories we have heard for Apple's demise have been blown out of the water. Do you feel better knowing the largest investment company in the world is the largest holder, or worse?
|
|
|
Post by rob_london on Feb 10, 2013 11:13:40 GMT -8
Blackrock's increased stake has been picked up by HD, who just tweeted:
"Largest $AAPL shareholder is Blackrock which owns 49,807,372 shares. 5.31% of the company worth $24 billion. Holdings up 6x since September."
|
|
|
Post by Lstream on Feb 10, 2013 11:21:08 GMT -8
This will not make you feel better, but they did it in 3 months, not 4. Who knows what they did in January. The proverbial cat is now out of the bag. How they have acquired so many shares in such a short time without raising any suspicion blows my mind. It also means most all of the BS theories we have heard for Apple's demise have been blown out of the water. Do you feel better knowing the largest investment company in the world is the largest holder, or worse? Thankful that I did not believe all the garbage and sell my long term holdings. But pissed at what this did to my options, if they were part of the FUD scheme.
|
|
|
Post by phoebear611 on Feb 10, 2013 11:22:07 GMT -8
Sponge et al, On Sep 30, 2012, Blackrock held 3.9 billion of AAPL commons, or 8.3 million shares. At that date, they were the 13th largest institutional holder of AAPL. As of February 4th 2013, Blackrock is now the single largest shareholder of AAPL, eclipsing the long time king of AAPL ownership, FMR, Fidelity! They now own 49 million shares of AAPL worth 24 billion US Dollars! This has occurred in a window of just over four months! We now know who has been the recipient of all the weak kneed sellers, it just begs the question of WHY! Blackrock (BLK), has a market cap of just short of 41 Billion. Take a look at their balance sheet! Their total stockholder equity is 25 Billion dollars, or the exact same amount as their currect holdings in AAPL. They are leveraged up the wahoo in AAPL like nobodys business. I smell takeover taint in the air, or i drank some really bad koolaid recently. This is nothing short of amazing info... Put the Kool-Aid down. As of September 30, 2012, BlackRock has $3.67 trillion in assets under management.[3] Street Authority reported that, "If the company were a country, then its assets under management would put it at the fourth largest in terms of gross domestic product, higher than Germany or France."[4][5] This does explain a lot. Blackrock is "THE" big boy on the block and now it explains who has been behind all the negative media and HTF's gone crazy. There have been some large block transactions over the past couple of months. This also explains why so many brokerages have been on the losing end of this down turn. Here is the thing, Blackrock did not build this position to sell the shares back to Apple in a buy back. What this should also do is open up everyone's eyes. Acquired 40 million shares in 4 months in a down market. How does it happen, scare the shit out of the masses to steal their shares. Now I get that they did not want to pay a premium for the shares, but this is ridiculous. Angry does not even come close to describe how I feel. WTF - Blackrock is all over the news today - take a look at these pension funds suing them: www.4-traders.com/BLACKROCK-INC-11862/news/BlackRock-Inc-Pension-funds-sue-Blackrock-allege-looting-at-iShares-16006341/
|
|
SomeJuan
Member
Taking a nap…
Posts: 321
|
Post by SomeJuan on Feb 10, 2013 11:41:01 GMT -8
I am the one who brought this to Horace's attention earlier today. I wish i could share his comments! I would be surprised if he does not posit his theories on Asymco before days end...
|
|
|
Post by Lstream on Feb 10, 2013 11:42:45 GMT -8
I am the one who brought this to Horace's attention earlier today. I wish i could share his comments! I would be surprised if he does not posit his theories on Asymco before days end... You have now been exalted.
|
|
|
Post by rob_london on Feb 10, 2013 11:44:40 GMT -8
I am the one who brought this to Horace's attention earlier today. I wish i could share his comments! I would be surprised if he does not posit his theories on Asymco before days end... You have now been exalted. Ditto
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 10, 2013 12:06:36 GMT -8
Who cares what my evidence is? Are you willing to take the wager? Apparently you don't I am not here to do internet gambling, or to talk about wagers. I am here to read about and discuss Apple and AAPL. umm, so you have no thoughts about Apple's actions of your own.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 10, 2013 12:23:16 GMT -8
Frankly I would have been amazed if Apple didn't have "smart watch" prototypes under development in their skunk works. Frankly I'd be amazed if any of these reports were based on anything factual.
|
|
SomeJuan
Member
Taking a nap…
Posts: 321
|
Post by SomeJuan on Feb 10, 2013 12:26:04 GMT -8
My head cannot handle the math involved here... www.nasdaq.com/quotes/institutional-portfolio/blackrock-fund-advisors-110937If i read this correctly, AAPL is now a huge % of the total holdings of BLK under management. Up 600 plus % in 3 months. BLK knows something we surely don't. No one makes bets like this in such a short period of time, no one! Save the exalts for the Sponge, he is the bearer of this news. Sponge, you have been exalted...
|
|
bud777
fire starter
Posts: 1,352
|
Post by bud777 on Feb 10, 2013 12:28:16 GMT -8
Doesn't it sorta feel like something big is about to happen?
|
|
SomeJuan
Member
Taking a nap…
Posts: 321
|
Post by SomeJuan on Feb 10, 2013 12:29:24 GMT -8
^ YOU THINK!
|
|
|
Post by artman1033 on Feb 10, 2013 12:29:34 GMT -8
Sponge et al, On Sep 30, 2012, Blackrock held 3.9 billion of AAPL commons, or 8.3 million shares. At that date, they were the 13th largest institutional holder of AAPL. As of February 4th 2013, Blackrock is now the single largest shareholder of AAPL, eclipsing the long time king of AAPL ownership, FMR, Fidelity! They now own 49 million shares of AAPL worth 24 billion US Dollars! This has occurred in a window of just over four months! We now know who has been the recipient of all the weak kneed sellers, it just begs the question of WHY! Blackrock (BLK), has a market cap of just short of 41 Billion. Take a look at their balance sheet! Their total stockholder equity is 25 Billion dollars, or the exact same amount as their currect holdings in AAPL. They are leveraged up the wahoo in AAPL like nobodys business. I smell takeover taint in the air, or i drank some really bad koolaid recently. This is nothing short of amazing info... I believe the communist Chinese government is a customer of Blackrock. I believe shares in AAPL are a better investment than US Treasuries. 50,654,165 shares of AAPL as of December 31, 2009 SEC 48,764,466 shares of AAPL as of February 2, 2011 SEC PAGE 1749,061,208 shares of AAPL as of February 13, 2012 page 1849,807,372 shares of AAPL as of December 31, 2012 (SEC FILING)
|
|
SomeJuan
Member
Taking a nap…
Posts: 321
|
Post by SomeJuan on Feb 10, 2013 12:32:09 GMT -8
It will be very interesting to see what the talking heads at CNBC, and Bloomberg have to say about this in the morning, and how it is spun...
|
|
SomeJuan
Member
Taking a nap…
Posts: 321
|
Post by SomeJuan on Feb 10, 2013 12:34:24 GMT -8
Artman,
I believe almost anything is a better investment than US Treasuries, mayhaps even tulips;-)
Now if someone would tell the folks at Braeburn Capital out in Vegas, what them damn T bills are worth!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 10, 2013 12:43:04 GMT -8
So black rocks average cost of ownership must be north of $500 right? So they are counting on a move much higher than that before exiting I presume.
I doubt they sold anytime in Jan or Feb given the share price.
|
|
|
Post by mbeauch on Feb 10, 2013 12:45:11 GMT -8
I believe the communist Chinese government is a customer of Blackrock. Yes, someone who remembers what China said, which was they were going to buy AAPL, BA, and IBM.
|
|
|
Post by artman1033 on Feb 10, 2013 12:47:03 GMT -8
I have always thought Apple management should purchase AAPL shares with the money stored in the Irish banks.
Apple would not have to repatriate the AAPL shares. They would simply hold the shares in Ireland at cost.
The "profit" per share would show up as unrealized gains.
|
|
|
Post by lovemyipad on Feb 10, 2013 12:50:56 GMT -8
We at the Tinfoil Hat Club say: and suddenly everything makes perfect f-ing sense.
|
|
|
Post by mbeauch on Feb 10, 2013 12:58:58 GMT -8
We at the Tinfoil Hat Club say: and suddenly everything makes perfect f-ing sense. Amen
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 10, 2013 13:09:10 GMT -8
I have always thought Apple management should purchase AAPL shares with the money stored in the Irish banks. Apple would not have to repatriate the AAPL shares. They would simply hold the shares in Ireland at cost. The "profit" per share would show up as unrealized gains. I wondered about this strategy as well, but questioned the legality. Also I presume apple would have to pay taxes on the dividends, so in the end it may make more sense to pay the tax upfront by repatriating the cash and doing a traditional buy back. I'm convinced apples board and management was waiting for some sort of government tax amnesty or repatriation tax reduction for overseas cash during the 2012 election campaign, but now that it looks unlikely to occur they are moving on to plan B. Any sort of tax reduction would of course have created a huge windfall for apple, and taxes already accounted for, but not paid, would have been unnecessary and restated earnings would have lifted TTM earnings dramatically. If apple did nothing with its cash, it would eventually grow into such a large pile, that it would likely become irresistible for the US government not to offer a temporary reduction in the tax rate for overseas cash repatriation, just to get a quick instant cash injection. I think einhorns proposal is on the right track, I've suggested in the past that apple should spin off Braeburn capital (with all the current long term investments on apples balance sheet) as a separate company and issue shares to AAPL shareholders. It's a way to unlock the value of all the cash, doesn't require any sort of repatriation, and has almost zero affect on Apples cash flow. I agree with einhorn that the value created would be more than the value lost from the share price of AAPL from the cash being separated.
|
|
SomeJuan
Member
Taking a nap…
Posts: 321
|
Post by SomeJuan on Feb 10, 2013 13:15:54 GMT -8
Love,
I agree, the wee folks have been sheared, well and truly, and with a stealth beyond the minds ability to comprehend.
You too, have been exalted, and i would like to clear the books on the domain name...
Best
|
|
|
Post by mbeauch on Feb 10, 2013 13:25:35 GMT -8
Just for the record, yes I do believe Apple knew about Blackrock's intentions. I have harped on the cash for years, now someone is making a play for it. The next few months should be interesting. I will say this, I think the low is in now. 435, kiss my ass, and you to Blackrock.
|
|
|
Post by bignav96 on Feb 10, 2013 13:26:27 GMT -8
We at the Tinfoil Hat Club say: and suddenly everything makes perfect f-ing sense. Amen Hat wearers, I'm curious - do you believe that BLK orchestrated FUD to push AAPL below each subsequent level of price "support" (I use the term loosely) in order to buy shares cheaply, or do you believe that because BLK purchased and held such a large number of shares, technical or EW analysis became a fools' game? Or am I completely off? As for me, I'm very curious to see the price action tomorrow. I was expecting and up day on Monday and Tuesday (until TC spoke, if he does), but now I don't know what to expect. If I had to guess, the market would like to see this kind of investment from a company like BLK because it lends credence to the fact that AAPL is truly undervalued.. And thus the price should jump decently tomorrow (2-3%). Having said that, I'm a little worried that BLK is going to apply substantial pressure at the shareholders' meeting (and in the media, generally) and potentially force AAPL into doing something more brash than it otherwise would have done in the name of short-term stock price appreciation. Or conversely, make the board look a little more inept than they have already looked recently. Also, there is no way Einhorn didn't know about this aggregation of shares by BLK - would love to hear his thoughts.
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Feb 10, 2013 13:32:45 GMT -8
Bear in mind, that's strictly in the tinfoil category.
Any kind of influence of a shareholder to depress AAPL's share price as part of some "buy in cheap conspiracy" isn't something even the eternally sleeping watchdog known as the SEC can ignore. If there's a decent chance at fame or fortune (jackpot lawsuit, whatever), SOMEONE would sue or chase this story down.
Apple has to have a better dialogue with its shareholders or Very Bad Things™ can potentially happen - like the appointment of a board that won't let Apple do what Apple does best and starts tossing out key Apple execs. I would think the board should pretty much survive this year, unless I've been missing any chatter of a replacement/activist/whatever board. I expect Apple will continue pivoting towards being more shareholder-friendly as soon as this week (if Tim Cook shows up at the GS conference). As I've said before, this is more than just those pesky external shareholders. Apple employees and execs new and not so new want to see the share price on a consistent upward trajectory. The more mature and "normal" Apple gets, the more share price matters.
|
|
|
Post by phoebear611 on Feb 10, 2013 13:40:50 GMT -8
In my past life I would watch hedge funds pushing shares to break support levels all the time - fully knowing stops would go off and they could buy cheaper. It's not a new game but hard to prove. So doubtful there would be any litigation or inquiry (SEC) of sorts. Forget the SEC - useless. As for this getting in the media tomorrow (i.e. CNBC, Bloomberg) - not so sure it will - they often miss things. It needs to be brought to their attention so if folks here know anyone at either - pass it on. This whole thing is unreal - but nothing - nothing surprises me.
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Feb 10, 2013 13:41:05 GMT -8
|
|
SomeJuan
Member
Taking a nap…
Posts: 321
|
Post by SomeJuan on Feb 10, 2013 14:08:28 GMT -8
Mark,
I do not agree with your assertion that Apple management was aware of the shearing of it's shares, if so TC and PO are culpable entities in what I feel is sure to be a lawsuit on behalf of all shareholders re: BLK's manipulation.
I am now on a warpath, and will not be dissuaded! I have lost multiple hundreds of thousands of paper dollars in the past 4 months. I am going to lawyer up in the AM, and i firmly believe with justifiable reasons. I fortunately have many family members in the Bar. I think all of AAPL shareholders will end up in the class, and am certain it stands up to the certification process. If my contention is true, BLK, is in a world of hurt, i will make it so. I am very pissed off. VERY. I have time, i have resources. Oodles of both.
"The path of the righteous man is beset on all sides by the iniquities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know I am the Lord when I lay my vengeance upon you."
The SEC can kiss my ass, no doubt the single most do nothing, turn you heads away entity in DC.
MF's
|
|
|
Post by gvsmitty19 on Feb 10, 2013 14:18:16 GMT -8
Crazy Blackrock news, but how is this manipulation? Their average cost per share is likely over $500, so they have a paper loss on an extremely large position of theirs - while the rest of the market has sported very nice gains. If they could so easily manipulate, why would they have losses on Apple right now?
In my opinion, they simply saw value in Apple stock and grabbed shares accordingly. Just like what a lot of individual investors have done the past couple months.
Keep in mind, Blackrock is also behind iShares, right? So some of this could be from the growth of that business as many large firms and retirement plans are rapidly adopting the iShares platform.
|
|