Whatever and whenever they do it does not make up for te Opportunity Costs we have all suffered due to one or both of their incompetence in doing the smallest basic things known in finance 101 to get a better return of the Cash horde they have been sitting on for the longest time. Any thoughts?
Incompetence? And not knowing Finance 101?
Hum.. Let me ask...exactly how are they being incompetent?
Did Steve jobs have better knowledge of finance 101.
Can you run apple better? ... Or know anyone who can besides the present management who has been there for over a decade now.... Hand picked by Steve Jobs!
I wouldn't say steve job was a financial genius at all. But Jobs made up for his short coming in finance by being a absolute unparalleled genius on other fronts. Unfortunately Cook brings nothing to the table other than incompetence and lost market cap.
Sentiment: Strong Buy
the market is demanding that oppenheimer be the first to "walk the plank" for all shareholders to witness.
and then i offer the solution. replace him with the new sharholder friendly cfo the board just hired from xerox.
Interesting they have never been punished since Cook got the job and the stock went parabolic from 350 to 700. Of course, you're all geniuses when the stock goes your way, and out in droves to kill the CEO when the stock goes down.
I understand the hyperbole, but I still think it's unfair to say that people are out in droves to kill the CEO, as there were many who were just as critical when the stock was trading at astronomically high levels. What many are saying is that management needs to end its apathy and indifference towards shareholders. True, the projected future growth is not as impressive anymore, but is the current valuation realistic? undoubtedly, Cook and his team have the power to counter this avalanche of rumors and gossip mongering that have been continuously pummeling the stock to ludicrous levels. At the very least, they could have split the stock long ago to make it more appealing to cautious investors, or backed up their glorious statements--"Don't bet against apple" or we got great stuff coming--with some solid proof. How about occasionally releasing a statement to put an end to endless rumors that have irreversibly damaged the company's reputation and its stock. Just look at csco, txn, msft and intc. They're all projected to have smaller growth than aapl, yet they all trade at higher earnings per share. In fact, Apple's current valuation doesn't leave much room for future growth. The other companies have shown more concern and respect for retail investors. It's about time Apple did the same.
You could atribute that to the left over momentum from Steve Jobs who said he has left a number of new products coming. So where are they ? Cook can't seam to get them finished on time and/or without flaws. I will give him a little more slack on that but I am really peeved that He or Oppenheimer can't even do the Basic things which adds value to the company.
Quit being greedy for da cash. You already have a dividend be happy with that. Otherwise the stock beta will suffer and APPL stock will end up moving like MSFT and CSCO.
I am not greedy for the cash - I want them to invest it better and add to the company's value. Even the most novice investor would invest 10% of disposable income on a little riskier things and try to get a better return than the lousy money markets or treasuries.
MSFT does not drop 35% in six months. Cook is mad because Einhorn exposed his cash hoard.
It is sad watching one man single handedly destroy Apple.
If you like the way it is today, check your head.