AAPL BOD need to show investors their strategy of increasing stock value
The EPS of 2014 is $45. At Friday's price PE ratio is only 12.4. AAPL is clearly undervalued.
AAPL has the same earning power as Google, but price is about half of Google.
AAPL management team and BOD need to do something, not just call to vote against Carl Icahn.
For fair play, Carl Icahn has his proposal, AAPL management team need to show investors their plan to push the stock price higher. I
I tell you what Apples management teams plan is Robert. They PLAN on growing earnings by about 20% in the next fiscal year. If that doesn't get the price around new highs then nothing will. Buying back shares made perfect sense in the past year and they will continue to buy back shares at the same pace next year so we don't need Uncles Carls plan. We need earnings growth and that is what is planned for the coming year.
At current earnings and profits, we should not be where we are right now. And this is what Apple Board need to explain unless they are the ones depressing the stock through their hedge funds ..then they should let us know.
With this impressive market gains (DOW @ +16000), apple should have been above $1000 just like PCLN and GOOG.
Please explain that.