This man has no business running Apple. He needs to go immediately. Last week when Cramer interviewed him, he stated live on the show that he had no idea what the stock had done that day. Really? Are you kidding me? What kind of a CEO has no clue of how his stock performed on that day? He says not to worry about all the headwinds, however, the stock does nothing but go down each and every day. This is unacceptable. There is 200 billion allocated for buybacks, however, the share float has been stuck at 5.56 billion shares for over 12 months now. What has the money been going for? Has anyone noticed this? I am sorry but the share float should be decreasing with that kind of ammunition of cash. Tim Cook, please either support the stock right now, make it move higher, get it to a P/E that is acceptable, or else get the heck out of Cupertino. We have given several years to prove yourself, and so far, what have you done. Nothing!!! The stock split was all Carl Icahn pushing it down your throat. The stock is at all time lows, and the markets are getting near all time highs.
I agree with you, however, they have bought back 1.5 billion shares since the split and the stock has done nothing so far. The special dividend would cause shorts to cover their position since they would be responsible to pay that dividend back. The stock would pop huge on the news, the shorts cover, new buyers come in on the news and you and I can decide if we hold or get out. At this point it looks like the stock has no momentum, no interest and simply too manipulated. We need a surprise catilyst, which a Special Divi is certainly that.
Boy do I wish Apple would announce a Special Dividend on Tuesdays Earnings Call. Maybe a $10 per share one time dividend. Would take the shorts by surprise and this stock would fly. Especially if earnings are expected to miss or be weak, this would be Tim Cook's rabbit out of his hat. But, this probably will not happen. Its a long shot but hopeful thinking.
I dont think he has ever purchased a share of stock. And I dont mean exercising options, I mean straight up shares open market. Why is that? Not him, not anyone inside the company. All shares havebeen awarded or bought via stock options.
So Wallstreet loved Apple at $134 but now hates it at $109. Go figure. What makes Apple less valuable today vs 12 months ago. Today, Apple has additional revenue stream, cash pile is larger, buybackis larger, dividend is higher, share count is smaller, future is brighter... So again, why was it worth $134 a year ago and now its worth $109?