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Apple Inc. (AAPL) Message Board

  • sm081969 sm081969 Feb 27, 2013 2:11 PM Flag

    Annual meeting underwhelming - hurting stock

    On many key issues, Cook gave almost nothing. No specifics on cash distribution - he just repeated the same thing that we are looking at it (how long does it take to keep looking at this?). Nothing new on new products - other than saying we are committed to long-term. Cook could have excited shareholders and potential investors, but it was a lackluster performance. Looks like AAPL is headed to new 52-week low while overall market (down almost 40% in just few months) and other tech stocks are headed to record high -people get fired for this kind of lopsided BAD performance.

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    • Tim Cook Sucks

      Sentiment: Hold

    • Again, it's only the Dweebs who are looking for that "magic bullet" that will propel their 50 shares a few points so they can sell and get their doggy food back again.

    • All things considered, this was actually a very positive reaction.. Could have gone either way - big time.
      This is not the time to discuss / reveal anything. He says long term, great stuff in queue, considering cash.
      Trust him and resources - yes or no.
      . Your choice, period. Time will tell - next 3 - 6 months is reasonable.

    • hottopics333@gmail.com hottopics333 Feb 27, 2013 3:04 PM Flag

      Stock split will break the monopoly by hedges and that is the only way we could see some stability. Meeting or no meeting, hedges are manipulating the stock.

    • Annual shareholder meetings are, literally, a formality to meet the formal requirements of a publicly traded company's articles of incorporation that annual meetings be conducted. Most people mail in their votes or, these days, vote online. Showing-up to raise your hand for each vote is, again, a formality.

      Nothing interesting happens at shareholder meetings. Too many people have seen the movie Wall Street once too often and, I suppose, are looking for drama like Gordon Gekko's "Greed is Good" speak at the Teldar Paper shareholder meeting. Well, this ain't the movies and it don't happen that way.

      Cook addressed issues of substance during the January 23rd conference call including dispelling the rumor that Apple cut its orders for iPhone screens. They don't talk about that kind of thing at shareholder meetings.

      Apple will announce a dividend increase in March. How do I know, because that is when they announced the initial dividend last year. Not at the February 2012 shareholder's meeting, but on March 19, 2012.

      All they said at the 2012 shareholder meeting was that they were "considering all options" for the use of their cash. Just like they did today.

    • More Fluff like normal........nothing meaningful said yet again.....Cook's mouth is moving but he is not saying anything that makes a positive difference...so Stock Trades down......

      Well It was March last year when Divy was announced so Likely any bump in Divy will be announced in March.......But Honestly....how long does the board need to talk about shareholders Cash they hoard?

    • You mean you expected something different?

      • 1 Reply to roga_the_shrubba
      • A lot different. Cook knew the stock is under attack because of rumors etc - Cook had the opportunity to set the record straight but all he did was rehash vague statements he made earlier and that's what makes this annual meeting so negative. He should have said more about div/buyback, about new product plans giving some target time-frame, he should have given some data on iPhone demand (analysts are all over the map), He could have said a lot more without divulging proprietary info to competition. I thought the meeting was very disappointing - market is up more than 165 points but AAPL is down - it's all self-inflicted damage. I am convinced AAPL needs a more seasoned CEO - Cook is not up to the task.

        Sentiment: Sell

 
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