Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 20, 2015 2:31:27 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 20, 2015 2:42:34 GMT -8
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Post by gtrplyr on Aug 20, 2015 4:37:57 GMT -8
April. 20th ?
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 20, 2015 4:50:28 GMT -8
At least it started with an 'A"...
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Post by gtrplyr on Aug 20, 2015 5:00:48 GMT -8
At least it started with an 'A"... Just checked the closing price that day was $125.87 ... Don't think we will hit that today
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 20, 2015 5:31:23 GMT -8
I was going to say it's wishful thinking but didn't want to rub salt in the wounds.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 20, 2015 5:32:11 GMT -8
Come on Apple surprise us today.
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Post by gtrplyr on Aug 20, 2015 5:35:55 GMT -8
Retesting lows .... any number we need to look for here ?
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Post by 2centsplus on Aug 20, 2015 6:14:39 GMT -8
Be greedy when others are fearful?
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Post by macwire on Aug 20, 2015 6:20:44 GMT -8
Be greedy when others are fearful? Don't catch a falling knife. Especially a vertical falling knife.
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Post by rickag on Aug 20, 2015 8:49:44 GMT -8
Painful day. Thinking of putting in a lowball bid under $100/share.
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Post by jmolloy on Aug 20, 2015 9:02:23 GMT -8
Painful day. Thinking of putting in a lowball bid under $100/share. Google is down just about as much as Apple currently.
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bud777
fire starter
Posts: 1,353
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Post by bud777 on Aug 20, 2015 9:06:10 GMT -8
Painful day. Thinking of putting in a lowball bid under $100/share. Why not just sell puts?
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Post by archibaldtuttle on Aug 20, 2015 9:24:00 GMT -8
This would be a very nice spot to bounce hard. Invented head and shoulders.
This would be a very bad spot to not bounce.
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Post by tuffett on Aug 20, 2015 9:24:57 GMT -8
I'm starting to wonder if Apple should just eat the 35% tax and repatriate all their cash to start buying back massive amounts of stock.
With the stock 16% off the highs, it is actually starting to make financial sense. Nobody knows if or when a tax holiday will occur and what rate the tax would be. In addition, AAPL could be trading much, much higher than it is today, negating any savings on the tax. Finally, having all the cash in the U.S. will prevent Apple from further tapping into the debt markets, which costs them money and is a long-term liability.
Having $200B of cash on hand that can actually be used would be a very dangerous weapon. Buybacks, large dividend...though 35% is painful I think it would be very good for the stock stabilization and growth. The tax hit is already booked anyway.
Just some food for thought on another shitty day.
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Post by gtrplyr on Aug 20, 2015 9:29:18 GMT -8
I'm starting to wonder if Apple should just eat the 35% tax and repatriate all their cash to start buying back massive amounts of stock. With the stock 16% off the highs, it is actually starting to make financial sense. Nobody knows if or when a tax holiday will occur and what rate the tax would be. In addition, AAPL could be trading much, much higher than it is today, negating any savings on the tax. Finally, having all the cash in the U.S. will prevent Apple from further tapping into the debt markets, which costs them money and is a long-term liability. Having $200B of cash on hand that can actually be used would be a very dangerous weapon. Buybacks, large dividend...though 35% is painful I think it would be very good for the stock stabilization and growth. The tax hit is already booked anyway. Just some food for thought on another shitty day. +1 .... when you consider you get a instant 16% off the tax rate it seems like a bargain .
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Post by sponge on Aug 20, 2015 9:32:31 GMT -8
I think they will wait a few more years before making that decision. Chance are getting better of a change in law since the D is imploding.
One use could be to buy a company like BMW. It would speed up the Apple car and good use of foreign cash.
The stock is acting like it wants to close above 115 tomorrow.
Damage to monthly options has been accomplished.
Now on to 125 by Sept 18.
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Post by archibaldtuttle on Aug 20, 2015 9:38:24 GMT -8
I don't know... I'm skeptical that the buyback has done anything for shareholders, honestly. Sure, the buyback has raised Earnings per share by ~10%. But the PE has contracted by at least 10% as well, leading to limited share price appreciation. Where would the stock be without the buyback? Impossible to tell, and it depends what they did with the cash instead of buying back shares. Without the buybacks, cash on the balance sheet would be more like $300 billion, almost 50% of the market cap. Keep increasing cash and eventually cash would exceed the market cap, which would definitely force the market cap up. Conversely, a couple of large purchases of other companies that are valued at a higher multiples (Netflix, Disney, etc), might have done more for the stock price. Seems like Apple gets no love no matter what the EPS growth is like, so spending the company's cash on increasing the EPS through buybacks is a Sisyphean endeavor. Also, it contributes to the narrative of "Apple has no future organic growth plans."
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Post by dreamRaj on Aug 20, 2015 9:48:17 GMT -8
I'm starting to wonder if Apple should just eat the 35% tax and repatriate all their cash to start buying back massive amounts of stock. With the stock 16% off the highs, it is actually starting to make financial sense. Nobody knows if or when a tax holiday will occur and what rate the tax would be. In addition, AAPL could be trading much, much higher than it is today, negating any savings on the tax. Finally, having all the cash in the U.S. will prevent Apple from further tapping into the debt markets, which costs them money and is a long-term liability. Having $200B of cash on hand that can actually be used would be a very dangerous weapon. Buybacks, large dividend...though 35% is painful I think it would be very good for the stock stabilization and growth. The tax hit is already booked anyway. Just some food for thought on another shitty day. Was thinking about the same thing last night. They can easily repatriate 35 billion for now, pay taxes and still have enough to buy 200 million shares at such a discount price. Definitely worth it.
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Post by archibaldtuttle on Aug 20, 2015 9:53:04 GMT -8
35 billion would boost EPS by 5%. Worth it?
EPS was up 40% at the last ER and look what the stock did...
Problem here is not use of cash or the level of the buybacks. Problem is the recurring Wall St narrative that Apple has nothing good on the horizon. Future earnings are being devalued.
If Apple cares about the stock price, it needs a change in strategy not regarding use of cash but regarding how they educate Wall St about the future projects and vision for the company. They could learn something from Google in this respect.
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Post by tuffett on Aug 20, 2015 10:12:21 GMT -8
35 billion would boost EPS by 5%. Worth it? EPS was up 40% at the last ER and look what the stock did... Problem here is not use of cash or the level of the buybacks. Problem is the recurring Wall St narrative that Apple has nothing good on the horizon. Future earnings are being devalued. If Apple cares about the stock price, it needs a change in strategy not regarding use of cash but regarding how they educate Wall St about the future projects and vision for the company. They could learn something from Google in this respect. I'd start by doubling the dividend. Give people a reason to hold the stock. Anything further can go to Buybacks, depending on share price
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Post by rickag on Aug 20, 2015 10:18:05 GMT -8
Painful day. Thinking of putting in a lowball bid under $100/share. Why not just sell puts? My trading account is empty, would have to be in my retirement account.
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Post by rickag on Aug 20, 2015 10:26:25 GMT -8
I'm sure Apple would have to file with the government any repatriation. If they repatriated $35 + billion the stock would probably rise substantially so Apple would not be getting these basement prices.
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Post by incorrigible on Aug 20, 2015 10:29:10 GMT -8
35 billion would boost EPS by 5%. Worth it? EPS was up 40% at the last ER and look what the stock did... Problem here is not use of cash or the level of the buybacks. Problem is the recurring Wall St narrative that Apple has nothing good on the horizon. Future earnings are being devalued. If Apple cares about the stock price, it needs a change in strategy not regarding use of cash but regarding how they educate Wall St about the future projects and vision for the company. They could learn something from Google in this respect. I'd start by doubling the dividend. Give people a reason to hold the stock. Anything further can go to Buybacks, depending on share price Agreed. Would be fine in my book. Up yield to 3% and call it done.
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Post by archibaldtuttle on Aug 20, 2015 10:44:39 GMT -8
The stock hasn't been this far below the *weekly* B-Band in years, and that includes the 2012-2013 drop.
Make of that what you will...
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Post by macwire on Aug 20, 2015 11:47:57 GMT -8
I'm starting to wonder if Apple should just eat the 35% tax and repatriate all their cash to start buying back massive amounts of stock. With the stock 16% off the highs, it is actually starting to make financial sense. Nobody knows if or when a tax holiday will occur and what rate the tax would be. In addition, AAPL could be trading much, much higher than it is today, negating any savings on the tax. Finally, having all the cash in the U.S. will prevent Apple from further tapping into the debt markets, which costs them money and is a long-term liability. Having $200B of cash on hand that can actually be used would be a very dangerous weapon. Buybacks, large dividend...though 35% is painful I think it would be very good for the stock stabilization and growth. The tax hit is already booked anyway. Just some food for thought on another shitty day. The cash is irrelevant. None of it matters. Wall Street totally doesn't care. It's zombie cash. Seriously.
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Post by dreamRaj on Aug 20, 2015 11:54:14 GMT -8
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Post by macwire on Aug 20, 2015 12:30:09 GMT -8
If we don't bounce on spx 2040 back to 2100 it is potentially possible we are starting primary wave iv.
Buckle up.
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Post by deasys on Aug 20, 2015 12:57:15 GMT -8
If we don't bounce on spx 2040 back to 2100 it is potentially possible we are starting primary wave iv. I'm starting an IV myself—pure vitamin "A". Nurse, bring that bottle over here!
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coma
Member
Posts: 522
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Post by coma on Aug 20, 2015 13:04:37 GMT -8
I started the weekend early . . .
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