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Apple Inc. Message Board

  • squeezetracker squeezetracker Mar 5, 2013 11:12 AM Flag

    Sanford Bernstein notes today

    Sagganoichi's (Sanford Bernstein) comments this morning were more interesting given we've hit rundlach's "correction" target. Tony says that AAPL has created the expectation (my e.g., MS notes re doubling dividends after her meetint with CFO Oppenheimer and Cook's "very very intensely studying what to do with the excess cash incl another $23B in Dec Q" and that he, the BOD and mgmt were "very disappointed with the stock price" -- they should be -- their recent stock option grants must feel like jelly of the month club certificates and likely the staff all feel like lepers at their cocktail parties and soccer matches of their kids in SV) that something important needs to happen on capital distributions.

    They also need to take out their initial $15B buyback which they could do this week with no trouble -- and easily done below $440 -- two days trade is plenty!

    As for new products? We can count on that happening or the mgmt needs to be replaced. further, we are now in AAPL's "announcement period"... get it done Tim.

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