re: Apple approaching 52 week low - time to buy?

Apple is fine, they have tons of cash, cash is king. Buybacks are stupid I dont know why everyone wants a buyback just to artificially boost share price, google isnt buying stock. Yes apple is cheap but its a tech company for god sake. They might make sense for a company with nothing to innovate like Procter Gamble but for companies that have major opportunities, buybacks are idiotic. Apple should use their cash to go in and dominate other industries whether it be finance, automobiles,virtual reality,robots, whatever.They have the cash. They have the organizational structure, Tim cook is a supply chain guy. They have the technical chops. But mostly their ecosystem gives them an incredibly powerful base to grow from.

Apple's strength is their cash, their cash flow, their modern corporate structure, their lack of pension overhang, unions and such. Buying back stock and giving out dividends weakens the company. We're entering a phase in society where literally facebook,apple,google will dominate our lives till the end of time, if anyone emerges they will be acquired. I would want to hoard all the cash in the world and prepare to just dominate every field if I was running apple. Of course old people retiring today want dividends. They're in a great position to be in.