Deleted
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Post by Deleted on Feb 6, 2014 17:52:38 GMT -8
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Mav
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Post by Mav on Feb 6, 2014 17:55:58 GMT -8
This makes Friday a bit more interesting than it may have been otherwise... I can deal with sapphire displays, whether iPhone, iPad or iWatch. Freedom from screen protectors!
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Post by Deleted on Feb 6, 2014 18:20:44 GMT -8
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Post by Red Shirted Ensign on Feb 6, 2014 18:29:24 GMT -8
I am very enthused by Apple's recent share buy....if this is in fact a sign that it will protect the stock's price from "unreasonable" declines, let Wall Street take notice. I'm not at all bothered that a company with a P/E of 12 producing 23 billion in cash flow forcefully declares itself undervalued......
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Mav
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Post by Mav on Feb 6, 2014 18:36:59 GMT -8
Actually Apple DID reduce its multiple by about 3% or so without anyone noticing.
And I doubt the finance websites will or can adjust for that. Share-weighted averaging, quarterly checkpoints and all.
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Post by appleaddict on Feb 6, 2014 18:49:35 GMT -8
Very positive....finally....and this helped build a nice floor at 500 Told you I set the floor at $496 when I sold. 15 years of history behind that.
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Post by artman1033 on Feb 6, 2014 18:53:17 GMT -8
Very positive....finally....and this helped build a nice floor at 500 Told you I set the floor at $496 when I sold. 15 years of history behind that. TIME WILL TELL. IMHO: the entire market looks like trouble. From one tweet: Looks like it took almost $20B from 2 ppl (Cook&Icahn) to keep $aapl from crashing to catastrophic levels. Everyone's heading for the exit! OTOH: most tweets look favorable.
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Post by socal Film Composer on Feb 6, 2014 19:40:13 GMT -8
I really like this buyback news AND the sapphire facilities news. Wow, this is going to hard for Samsung to copy overnight - A premium matieral for our screens in a premium brand, but at a cost per unit that will still probably give us good margins in the end. Def. a selling point- vs. Gorrila glass 2 (or 3 for that matter)
If ONLY the guidance hadn't been so crappy--
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Post by artman1033 on Feb 6, 2014 19:47:42 GMT -8
it's a conspiracy I tell ya! Does Samesong sell servers? OR is it a Lenova?
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Feb 6, 2014 19:50:14 GMT -8
Well, my iPhone app for MaxPain is telling me $515. Haven't checked to see if it's right but if it is, that's fine with me. More precisely, 505/507.5-510 range. I bought a small parcel (since it is only weekly option interest) of 510-512.5 puts on Wed. First time I ever traded a .5 option strike. I hope Cook's buyback news doesn't sink me!
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Post by socal Film Composer on Feb 6, 2014 19:55:27 GMT -8
it's a conspiracy I tell ya! Does Samesong sell servers? OR is it a Lenova? Perhaps the Russians... hear about the reporter getting HACKED today? geesh....
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Post by phoebear611 on Feb 6, 2014 20:07:23 GMT -8
Here's an interesting part of the WSJ article from tonite:
"Thursday, Mr. Cook reiterated that Apple plans to enter a new category this year. Apple watchers are speculating about wearable devices or a new television platform.
"There will be new categories. We're not ready to talk about it, but we're working on some really great stuff," Mr. Cook said. When asked whether a new product category could mean an improvement on an existing product like an iPad Air, a lighter version of its tablet computer, or new services such as mobile payments, Mr. Cook declined to comment.
He said that anyone "reasonable" would consider what Apple is working on as new categories.
Mr. Cook said he still considers Apple to be a "growth company" with significant opportunities to expand the position of existing products including the iPhone."
Damn - I hope this gets a boatload of press tomorrow!
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icam
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Post by icam on Feb 6, 2014 20:08:39 GMT -8
The buy back is good news. I like it. Earning a PE of 12, this news should translate to about $6 per share.
The disconcerting part is that the CEO was surprised at the stock prices reaction to his last quarters conference call (results and guidance). He just doesn't get the stock market. How dense can the CEO of a $450 billion company be?
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icam
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Post by icam on Feb 6, 2014 20:12:35 GMT -8
Here's an interesting part of the WSJ article from tonite: "Thursday, Mr. Cook reiterated that Apple plans to enter a new category this year. Apple watchers are speculating about wearable devices or a new television platform. "There will be new categories. We're not ready to talk about it, but we're working on some really great stuff," Mr. Cook said. When asked whether a new product category could mean an improvement on an existing product like an iPad Air, a lighter version of its tablet computer, or new services such as mobile payments, Mr. Cook declined to comment. He said that anyone "reasonable" would consider what Apple is working on as new categories. Mr. Cook said he still considers Apple to be a "growth company" with significant opportunities to expand the position of existing products including the iPhone." Damn - I hope this gets a boatload of press tomorrow! We're still waiting. Talk is cheap. Tim Cooks track record of what he thinks the rest of the worlds reaction to his comments will be is horrible. I'm skeptical. Prove it Cookie!
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Post by phoebear611 on Feb 6, 2014 20:18:32 GMT -8
Yep - I agree - we are still a "show me" stock. And for TC to be surprised about how the street reacted after his dismal outlook in the cc makes me shake my head
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Post by newton on Feb 6, 2014 20:21:07 GMT -8
I understand that the Apple has allocated up to $60 B on their buyback program. I am confused why Apple didn't just spend all of it at once when shares were in the $450 range and the first buyback occurred. If they were convinced the stock was undervalued, you want to buy as much as you can when it is at its cheapest. Now they're going to be spending $500+. The only reason I can think of for staggering the purchases is they really had no idea of the value and they wanted to see how investors would respond.
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Deleted
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Post by Deleted on Feb 6, 2014 20:37:18 GMT -8
Yep - I agree - we are still a "show me" stock. And for TC to be surprised about how the street reacted after his dismal outlook in the cc makes me shake my head Flat guidance vs. dismal is probably a better characterization. But in the stock market where sales growth counts for more than its worth -- certainly more than margin and profits --the market's reaction was all too predictable. That doesn't make it REASONABLE, however. Tim Cook is correct to be skeptical of WS, so kudos to Tim to buy the stock here. WS isn't giving Apple ANY credit for cash in the bank. Meanwhile, AMZN is running out of it and WS still gives it a P/E of 600. It's outrageous.
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Deleted
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Post by Deleted on Feb 6, 2014 20:39:46 GMT -8
I understand that the Apple has allocated up to $60 B on their buyback program. I am confused why Apple didn't just spend all of it at once when shares were in the $450 range and the first buyback occurred. If they were convinced the stock was undervalued, you want to buy as much as you can when it is at its cheapest. Now they're going to be spending $500+. The only reason I can think of for staggering the purchases is they really had no idea of the value and they wanted to see how investors would respond. Tim most likely wanted to spread the buyback over time as advertised, in order to show that buybacks were covering dilution from stock grants to employees. Apple would have been better off doing it at $400, but some of that is hindsight and preference to avoid dilution of the share count in the latter part of the buyback period.
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Deleted
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Post by Deleted on Feb 6, 2014 20:41:12 GMT -8
Deleted.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Feb 6, 2014 22:06:03 GMT -8
I understand that the Apple has allocated up to $60 B on their buyback program. I am confused why Apple didn't just spend all of it at once when shares were in the $450 range and the first buyback occurred. If they were convinced the stock was undervalued, you want to buy as much as you can when it is at its cheapest. Now they're going to be spending $500+. The only reason I can think of for staggering the purchases is they really had no idea of the value and they wanted to see how investors would respond. Why didn't you spend all your money on AAPL when it was $450?
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