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Post by capablanca on May 2, 2013 20:33:47 GMT -8
By the way - when we talk about the buy back on this thread, you should be aware of SEC Rule 10b-18. It helps to understand under what conditions a public company may buy its stock in the open market and it may shed some light or rationale to what we may be seeing on any given day: The company and affiliated purchasers may work with only one broker or dealer on any single day.
The company may not buy on the opening trade on the NASDAQ National Market or during the last half hour of scheduled trading.
The company's purchase or bid price may not exceed the highest current independent bid quote or last independent sale price, whichever is higher.
The company must stay within trading volume restrictions unless it is doing a block trade. Thank you. This needed repeating. There has been much speculation on this subject within these walls and too few statements of fact. We can, I judge, deduce from 1) the SEC rule, 2) the conference call statements, and 3) what we know of historical trading of AAPL that Apple can with due care comfortably accomplish what it intends. |
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Mav
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Post by Mav on May 2, 2013 20:36:22 GMT -8
Btw, does Apple already have its $17B in debt? How long from auction to cash in hand? (Curious about the cut GS and Deutsche Bank got, btw.)
In any case I'd figure Apple can leverage its leverage very soon. A nice megabillion freeze ray of cold hard cash that may well have bears headed for hibernation. ;D
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Deleted
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Post by Deleted on May 2, 2013 21:54:15 GMT -8
Repeat of my earlier question: are we sure they have actually started to buy back stock? I have heard some conflicting reports, for example that they will start next week after the bond sale closes. If they actually haven't started buying the stock, that's very interesting because it could mean some additional support beyond these levels next week. No way to tell, but they definitely Do not need any of the borrowed money. They borrowed only $17 billion of the extra $50 billion of the buy back, I assume the difference will be coming from their current cash on hand in the US. Don't forget the dividends!  The entire $100 billion capital return (buyback + dividends) has to come from US cash flow (which also has to be used for other US based expenses & investments) - so I would expect an apple bond offering annually of a similar amount, or perhaps even higher when/if apple raises the buyback & dividend level annually. |
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Post by nathanstevens on May 2, 2013 22:03:45 GMT -8
Looks like the App Store will hit 50B downloads by mid may. It took approximately 83 days to go from 40 to 45B. This 5B will only take 45 days.
70B by year end is almost guaranteed.
Now to see if TC announces another data point at All things D or WWDC...
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Deleted
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Post by Deleted on May 2, 2013 23:10:49 GMT -8
You are going to love this then: www.3news.co.nz/Samsung-washing-machine-fire-in-Auckland/tabid/423/articleID/296422/Default.aspx"Samsung are now in damage control. They are currently flying their vice president of engineering from Australia to inspect the machine, but despite today's explosion the company says customers can still use their washing machines, though only under supervision." LOL - Samsung says its still safe to use the machines, you just have to stand beside them during use with a bucket of water for when it catches fire. This was one of the top stories here today. |
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