Posted on 01/03/2016 5:49:10 PM PST by Up Yours Marxists
Trip Chowdhry of Global Equities Research pulls no punches in his latest Apple Inc. AAPL 1.92%
In a recent note, Chowdhry called for the "completely clueless" Tim Cook to be replaced. He cited a culture of "bozos" at Apple destroying $486 billion in shareholder value under Cook's management.
Apple's PE multiple under Steve Jobs was consistently above the S&P 500 PE and above 20X according to Chowdhry. The S&P 500's current 20.5X PE dwarfs the 11.5X PE Apple generated under Tim Cook and Luca Maestri leadership. The lack of reward (positive yearly stock performance) is the market's way of telling Cook they will not support a distracted CEO. Chowdhry used Cook's Charlie Rose appearance debating taxation alongside Apple's decision to take on debt and tarnish "the once pristine Apple balance sheet" as examples of Cook's lack of focus on shareholder value. Chowdhry called the board of directors "callous" in their concern about the company PE multiple.
(Excerpt) Read more at benzinga.com ...
Global Equities' Trip Chowdhry Blasts Apple Management: 'Tim Cook Has Zero Vision/Zero Passion,' Calls Board Callous & Says Co Needs A 'No Bozo Policy'
Of course Cook is a zero.
If he actually had any ideas on how to lead the company forward and any ideas on products, he wouldn’t have had to make a big deal about publicly announcing he was a homosexual.
Ouch
Sad to see Apple starting to fall again
Wonder what company will take its place
Shouldn’t Apple have a higher PE because Cook is a gay?
Leading from behind?
Homosexuals are mentally unstable. Putting them in charge of anything has predictable outcomes when SJW is their management agenda.
Agree. OSX has managed to outbug Windows, and even though I have only have Apple machines, Cookdork has the technical ability of Al Gore and should be tossed immediately.
All the above comments not withstanding but a Steve Jobs comes along once in a life time.
All the above comments not withstanding but a Steve Jobs comes along once in a life time.
Or initiate the construction of a new headquarters building that is designed to look like a gigantic glory hole.
Putting a faggot in charge of a multibillion dollar company.
What could go wrong?
I agree, they’re running on fumes.
Well, when the CEO is more concerned with homos rather than products and shareholder value, this is what happens.
Jobs was a malignant narcissist. What kind of second in command would such a person pick BUT a yes-man codependent? So why is it a surprise that now that he’s in charge, he can’t lead? He was never hired to lead in the first place. He was hired and raised because he was the best second banana Jobs could find to feed his narcissism. He’s highly competent when someone else is in charge, but that’s it.
He shoul take his mind off his behind and stop with the promise but dont deliver stratagy. Oh and this is just a small example of whats going on with the US military
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