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re: Load up the truck on Apple

Posted on 1/24/13 at 2:19 pm to
Posted by Kolbysfan
Tennessee
Member since Jun 2007
1825 posts
Posted on 1/24/13 at 2:19 pm to
So the move Al Gore made a few days ago, did he know something?
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 1/24/13 at 5:28 pm to
Being on the board, I'm sure Al Gore knows quite a bit.

Apple's move today was utterly ridiculous but it is what it is.

There was no way yesterday was going to go well. The gun was cocked for a sell off and anything negative was going to be seized upon to pull the trigger. The expectations have gotten so mind numbingly insane that it was gonna happen.





Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16890 posts
Posted on 1/24/13 at 6:27 pm to
I agree that the markets reaction was just dumb. They are still solid, just missed expectations.
Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 1/24/13 at 6:29 pm to
They are still the most valuable publicly traded company in the world so I'm not sure how ridiculous it is.
Posted by southernelite
Dallas
Member since Sep 2009
53080 posts
Posted on 1/24/13 at 6:59 pm to
They have $200bn in assets just about. they have plenty of time and cash to burn.
Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 1/24/13 at 8:04 pm to
quote:

cash to burn.


Yeah you think investors are departing now. If they start "burning cash" you will see some major firings at the top.
Posted by Korkstand
Member since Nov 2003
28671 posts
Posted on 1/24/13 at 8:52 pm to
quote:

Yeah you think investors are departing now. If they start "burning cash" you will see some major firings at the top.

All that cash isn't doing any good sitting in the bank. If they "burn" some on developing new products and expanding into new markets, I think investors would be a little more optimistic.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 1/24/13 at 9:02 pm to
The $137 Billion in the bank is a double edged sword.

On one hand, it shows that Apple is the most magnificently managed company maybe in the history of the world.

On the other hand, it is the one thing everyone will point to if Apple actually does stagnate and start to slide. Everyone will want to know why they sat on that incredible amount of cash and didn't use it.

I think all of this is bullshite and is shameful as far as the 12% slide goes, but reality has to be dealt with.
Posted by Siderophore
Member since Nov 2010
3338 posts
Posted on 1/24/13 at 9:11 pm to
I wouldnt want to buy into Apple at any point after Job's leaving/death.

They are on a bubble right now.

Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 1/24/13 at 9:11 pm to
quote:

incredible amount of cash and didn't use it.


What are they going to spend $130B on? I can't imagine that type of investment unless they wanted to build their own world wide satellite network or something weird like that. They really need to up their dividend if they can't find any meaningful return for all that cash. Pull a microsoft and do a 1-time massive dividend. Tech is a special beast. It doesn't cost much for someone to do something better. Apple is a great company but I think it's business is too risky for long term (decades) of sustained revenue/profits like retail, energy and typical manufacturing.
Posted by gizmoflak
Member since May 2007
11654 posts
Posted on 1/25/13 at 1:14 am to
quote:

What are they going to spend $130B on?


bitcoin mining. Duh




:wiki:
Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 1/25/13 at 11:34 am to
quote:

They are still the most valuable publicly traded company in the world so I'm not sure how ridiculous it is.


well nevermind...

LINK /
Posted by Korkstand
Member since Nov 2003
28671 posts
Posted on 1/25/13 at 12:42 pm to
quote:

What are they going to spend $130B on?

They don't have to spend all of it, but right now most of that is in securities earning extremely low returns. Surely Apple can find a better use for it than letting it sit earning less than 1%, right?
quote:

They really need to up their dividend if they can't find any meaningful return for all that cash.
I'm no expert, but wouldn't that be throwing in the towel and saying their growth period is over?
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
765 posts
Posted on 1/25/13 at 2:04 pm to


So who is putting their money where their mouth is?

Who is actually buying shares with the assumption the stock will bounce back above 500 in the next 6-12 months?
Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 1/25/13 at 3:12 pm to
quote:

So who is putting their money where their mouth is?


All my money is tied up at the moment. I may purchase if it stays in this range for a few months. I should be in buying mode again in late February.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 1/25/13 at 5:50 pm to
The real problem is the insane view that a company that just recently was the largest by market cap on Earth could possibly maintain a 75% YOY growth rate.

Apple turned in record numbers across the board and got destroyed.

To hell with putting a dime into a company that is getting held to that impossible standard.
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 1/26/13 at 9:54 am to
IIRC, Hedge funds were using a pair trade involving AAPL. At one time, Long apple and short GLD was popular. The trades were long Apple and short whatever.

I don't know what happened at the close yesterday, but it could be a hedge fund.

For anyone who wants to buy Apple I would wait until the dust settles.
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 1/26/13 at 11:02 am to
quote:

I don't know what happened at the close yesterday, but it could be a hedge fund.


It would take a lot of really big hedge funds to wipe out ~50B of Market Cap in an afternoon. This is probably more related to AAPL having a hard time managing expectations in the market place. If you crush expectations every quarter it is going to be difficult to keep living up to everyone's standards.
Posted by Korkstand
Member since Nov 2003
28671 posts
Posted on 2/7/13 at 5:14 pm to
quote:

They really need to up their dividend if they can't find any meaningful return for all that cash.

LINK
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 2/8/13 at 2:13 pm to
its up like $30 this week....things are looking up!!! Im hoping the div increases big time!! or maybe a special dividend? Hopefully tim cook has something big next time he speaks....I think its this upcoming week
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