But you are right in AAPL underperforming both SP and NASDAQ. Here is the chart since Cook became CEO.
Posted on 03/02/2014 8:41:12 AM PST by Oldeconomybuyer
No. I stated a fact and gave no opinion as to why the stock has risen.
Short interest is 26.4 million shares as of 2/14 up from 16.5 million on 1/31 and is 2.96% of all shares O/S.
Glad someone agrees.
The twit who started all this by asking Cook the stupid question forgets that success does _not_ focus 100% on next quarter’s bottom line, it takes a very long view. Recall the head of some Japanese company describing its long-term plans stretching “250 years”. Apple has been burned (sometimes hard) by relying on other companies providing critical services; what service is more critical than electricity? and having seen a history of widespread blackouts stretching days or weeks, why would Apple _not_ move to augment, if not replace, its lifeblood source for 24/7 services?
I was at Smith Corona in its final days. World’s most recognized brand at that time, market for its product imploded, and driven by short-term stockholder demands for profits started thrashing to do anything it could to retain an impossible level of revenue. If the’d faced up to reality and took a long view, they’d have downsized in a sensible manner and still been producing products to this day.
I recall some Biblical verse amounting to Christ admonishing a follower with “it doesn’t matter _why_ someone is doing the right thing, so long as they’re doing the right thing.” So what if the rhetoric involves “global warming” or “sustainable energy”, so long as the result is reliable off-grid self-sufficient independent power generation? that’s something we should all be striving for in our own homes. Total focus on bottom lines, quarterly profits, and zero care for long-term consequences is a sure way to turn even a $100B pile into a large empty hole.
AAPL was at 422 when Jobs died, up only 23% since.
Market is up between 47% (DOW) and 61% (S&P) since Jobs death.
AAPL is an underperformer.
Cook took over only 2 months before Jobs died so your ‘fact’ of 60% is nonsense; AAPL still underperforms the S&P by 21% since Cook took over.
Apple was a fresh egg that is rotting under under the folds of a homosexual torn anus.
Carry on with holding a legacy stock; believe all the false facts you want. You would have done better investing in the S&P which is where most of the financial stocks are that benefit from Federal Reserve 0% financing. The market is a bubble and you’re holding one of its formerly real performers that is now run by a pervert that doesn’t know how to preserve the magic of the culture that was created.
Everything homosexuals touch turns in time to sh*t.
Glad you revealed your true agenda.
And you yours.
But you are right in AAPL underperforming both SP and NASDAQ. Here is the chart since Cook became CEO.
Cool. Glad you understand my agenda about investing in innovative companies that deliver superior cash flows.
AAPL has been riding the stock market bubble but not as well as many others. There is nothing in Cook that will make Apple perform as it had under Jobs. Cook was merely a supply chain guy that kept his perverse lifestyle secret. Jobs gave him the job because the supply chain that Jobs built is what made the company strong operationally. But innovation-wise, Jobs could not find a successor and therein lies the slow death to be realized in the next 5 years.
The Jan 2014 Street article I posted the link for said it all, that Cook is following his handlers from Wall St. He has no new ideas. Following Wall St. fund managers is poison.
Remember too that after Cook took over that Apple had become a must-have stock from Wall St. funds. This is not the smart money. So after Cook took over, the stock had an afterglow from which it benefited.
As it stands now the short interest on AAPL is up dramatically.
Thanks for posting several paragraphs of the article so our FRiends won’t be forced to needlessly try to click thru (I didn’t) on their phone to a heavy website!
I have an idea...climate change deniers should never buy another apple product.
Clearly Apple has lost focus and vision. They are worried about politics and not the innovation. Their latest gimmick...a trashcan PC. What a joke.
LOL. Yeah all the way up to 2.96% of outstanding shares... Probably has to do with the 32% run up since June.
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