Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 16, 2016 3:33:32 GMT -8
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Post by firestorm on Feb 16, 2016 4:37:43 GMT -8
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Post by ahmpower on Feb 16, 2016 6:54:26 GMT -8
Wow liftoff!! Backup the truck/to the moon/it's a rocket/buy expensive cars/ATH
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Post by Red Shirted Ensign on Feb 16, 2016 7:00:47 GMT -8
A apple floating massive multi-tiered dollar bond offering. With the current decline in interest rates these will price especially well. Fuel for domestic buy backs and dividends.
From CNBC:
Computer giant Apple re-opened the primary market with a bang on Tuesday, announcing an up to 10-part U.S. dollar bond on the heels of a strong market opening. The company is testing appetite with initial price thoughts of Treasuries plus 75bp area, 90bp area and 115bp area on two, three and five-year fixed tranches. Apple is also eyeing two, three and five-year floaters. It is also coming with fixed-rate 10, 20 and 30-year bonds at initial talk of Treasuries plus 160bp area, 200bp area and 215bp area, and a seven-year Green bond at T+145bp area. Goldman Sachs, Bank of America/Merrill Lynch, Deutsche Bank, and JPMorgan are acting as bookrunners. The anticipated jumbo deal is the first one to hit the market after volatility closed the primary for six consecutive days last week.
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Post by hamourabi on Feb 16, 2016 7:05:26 GMT -8
This piece is totally flawed by assuming that correlation is causation...... a typical flaw of financial analysts reasoning.... It is probably true that many buybacks are initiated by failing firms as a temporary cure to falling stock price... surely and unfortunately that does not make the firm any better. the real test would be to know if the stock price fall less or increase more due to the buyback. Buyback is beneficial to shareholders iff the stock is undervalued. I expect that Apple management has valid reasons to think so and is not only trying to artificially inflate the stock value.
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Post by tuffett on Feb 16, 2016 7:44:02 GMT -8
This piece is totally flawed by assuming that correlation is causation...... a typical flaw of financial analysts reasoning.... It is probably true that many buybacks are initiated by failing firms as a temporary cure to falling stock price... surely and unfortunately that does not make the firm any better. the real test would be to know if the stock price fall less or increase more due to the buyback. Buyback is beneficial to shareholders iff the stock is undervalued. I expect that Apple management has valid reasons to think so and is not only trying to artificially inflate the stock value. I think over time it will prove to have been effective, but I am sure that if Apple management knew we would be having a down quarter like we're in now that they would not have been buying back shares in the $110-130 range. I sure wouldn't be. Whereas a nice dividend is just as good in any situation, the effectiveness of buybacks rely largely on timing and forces often outside of management's control.
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Post by Volvocoupe on Feb 16, 2016 7:47:01 GMT -8
Phenomenal article by Horace this morning at Asymco. Really sums things up if you really want to understand the company. Very few people get this company like he does. Few people want to understand this company. It will benefit us financially if we can think at as high a level as Horace does. Also, less whining will result and more confidence in management and the BOD's will ensue. Cheers to the longs.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Feb 16, 2016 7:55:29 GMT -8
This piece is totally flawed by assuming that correlation is causation...... a typical flaw of financial analysts reasoning.... It is probably true that many buybacks are initiated by failing firms as a temporary cure to falling stock price... surely and unfortunately that does not make the firm any better. the real test would be to know if the stock price fall less or increase more due to the buyback. Buyback is beneficial to shareholders iff the stock is undervalued. I expect that Apple management has valid reasons to think so and is not only trying to artificially inflate the stock value. Was that "iff" as in "if and only if"? or a typo? I used to be a mathematician.
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Post by hamourabi on Feb 16, 2016 8:08:13 GMT -8
Yep if and only if
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 16, 2016 8:20:26 GMT -8
Phenomenal article by Horace this morning at Asymco. Really sums things up if you really want to understand the company. Very few people get this company like he does. Few people want to understand this company. It will benefit us financially if we can think at as high a level as Horace does. Also, less whining will result and more confidence in management and the BOD's will ensue. Cheers to the longs. Early in my career I was a fan of competing divisions with in a corporation, a la what Eddie Lampert has done at Sears. Didn't take long to realize that competition bred corporate intrigue with competitive divisional interests superseding common corporate goals. It is interesting to watch Apple succeed at pulling off a singular corporate vision. One of many reasons I remain a long term Apple bull.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Feb 16, 2016 8:43:32 GMT -8
Phenomenal article by Horace this morning at Asymco. Really sums things up if you really want to understand the company. Very few people get this company like he does. Few people want to understand this company. It will benefit us financially if we can think at as high a level as Horace does. Also, less whining will result and more confidence in management and the BOD's will ensue. Cheers to the longs. Early in my career I was a fan of competing divisions with in a corporation, a la what Eddie Lampert has done at Sears. Didn't take long to realize that competition bred corporate intrigue with competitive divisional interests superseding common corporate goals. It is interesting to watch Apple succeed at pulling off a singular corporate vision. One of many reasons I remain a long term Apple bull. May I recommend the latest episode of Gruber's podcast (Ep. 146) with Eddy Cue and Craig Federighi for some insight into how the insiders think about these things within Apple. I haven't finished it yet (about an hour), but so far it has been very interesting.
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Post by Volvocoupe on Feb 16, 2016 8:49:11 GMT -8
Early in my career I was a fan of competing divisions with in a corporation, a la what Eddie Lampert has done at Sears. Didn't take long to realize that competition bred corporate intrigue with competitive divisional interests superseding common corporate goals. It is interesting to watch Apple succeed at pulling off a singular corporate vision. One of many reasons I remain a long term Apple bull. May I recommend the latest episode of Gruber's podcast (Ep. 146) with Eddy Cue and Craig Federighi for some insight into how the insiders think about these things within Apple. I haven't finished it yet (about an hour), but so far it has been very interesting. Yes the podcast is very good........didn't stop the usual suspects from calling it all just a bunch of excuses. Just need to ignore those people......unfortunately it includes about 95% of the media. I think the media knows Apple's goal is a no sharing of information, no advertising model future. They know, just like Comcast, that this puts their business model at risk.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Feb 16, 2016 13:10:27 GMT -8
...right, but what the article fails to mention is these Co's WANT the share price to stay down till their finished buying.
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Post by macwire on Feb 16, 2016 13:41:46 GMT -8
Uncle Carl says its a POS...good bye Bye Felicia (and explains maybe a lot of the apple pressure...41m down to 7m)
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Post by phoebear611 on Feb 16, 2016 13:53:08 GMT -8
Uncle Carl says its a POS...good bye Bye Felicia (and explains maybe a lot of the apple pressure...41m down to 7m) Still has 45.7 million shares (he sold 7 million) so I'm sure he doesn't want to see it go down but it may be showing his frustration as well. Guess we will see...stock is barely down in AH (news is still disseminating) but be prepared for CNBC to make it their lead story tomorrow in every damn segment. By the way - this is as of December 31st, 2015. He may have less shares as we speak - not certain.
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Post by nagrani on Feb 16, 2016 14:05:06 GMT -8
He may have more.
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Post by dreamRaj on Feb 16, 2016 14:08:37 GMT -8
With AAPL being near its 52-week low, Icahn selling some will not trigger a big decline. OTOH, with no solid confidence in the stock, if Icahn were to buy some AAPL today, it won't make the stock take off.
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Post by appleaddict on Feb 16, 2016 14:20:02 GMT -8
Still has 45.7 million shares (he sold 7 million) so I'm sure he doesn't want to see it go down but it may be showing his frustration as well. Guess we will see...stock is barely down in AH (news is still disseminating) but be prepared for CNBC to make it their lead story tomorrow in every damn segment. By the way - this is as of December 31st, 2015. He may have less shares as we speak - not certain. Einhorn dumped about 5.5M too.
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Post by rickag on Feb 16, 2016 14:51:30 GMT -8
Could be. The data is from the last quarter, depending on what he sold at he may already have bought back to his original stake, took profits to balance out his loss from other investments. These snapshots each quarter may be very misleading.
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Post by phoebear611 on Feb 16, 2016 15:08:04 GMT -8
Looks like Tiger Global bought 10.6 million shares...I think that's Chase Coleman (he's one of the more successful of the cubs).
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Post by Volvocoupe on Feb 16, 2016 15:46:01 GMT -8
Well, Apple's about to buy 150 million or so themselves (assuming 15B buyback)
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Ted
fire starter
Posts: 882
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Post by Ted on Feb 16, 2016 17:04:56 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 16, 2016 17:26:49 GMT -8
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Post by sponge on Feb 16, 2016 19:11:34 GMT -8
Just got a tip form a good source by accident. Apple May make a major purchase. Can't say much more other then, I was hoping they would long ago. It will cost about $2 billion and may take a few months of negotiations.
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Post by macster on Feb 16, 2016 19:20:30 GMT -8
Search the ancient threads for. Sponge hoping will buy........
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Post by chasmac on Feb 16, 2016 20:55:53 GMT -8
Search the ancient threads for. Sponge hoping will buy........ ... Buy Sponge Inc? (2B is just so he can pimp Kanye).
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Post by macster on Feb 16, 2016 22:14:57 GMT -8
Prolly Pandora
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Post by sponge on Feb 16, 2016 22:46:53 GMT -8
If they buy the company it will be to benefit the Apple Car. However given the number of employees and their many customers, Apple will have a hard time keeping this purchase a secret for too long. I checked on worth and it was over $3 billion last year. So my $2 billion estimate was old. The company has been growing about 15% a year. I should note that Apple could enter into some sort of secret but exclusive deal as well. Time will tell.
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Post by joel90069 on Feb 17, 2016 0:07:42 GMT -8
HAR
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Post by jmolloy on Feb 17, 2016 0:22:24 GMT -8
I think Apple should but Soundcloud and use it to develop new artists for their own label / release schedule. Basically it would let them keep their finger on the pulse of new artists and develop them. A bit like the old days of A&R in record companies.
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