10 years of earning $50b is $500b plus the tangible equity of $130b nets $630b market cap. That equates to $800/share when you consider $60b in buyback gets dilutive share count to 825m. This is the quick way to value AAPL not a multiple on book. Also, I prefer to strip out goodwill/intangible assets from the book and use tangible equity.
The bashers are relentless and paid. Just put them all on ignore.
AAPL trades at $400b yet has more tangible equity on its balance sheet than the combined entity of GOOG/MSFT valued at $600b. And AAPL has $5-7b more in earnings annualized than the combined entity.
Hypothetically if GOOG share price appreciates 10% and AAPL down 10% then GOOG will surpass AAPL in market cap based on the share buyback implementation. Calamity.
120 million shares will be repurchased assuming they deploy all $60b. That reduces the market cap to 825 million shares * the prevailing share price or equal to $350b at today's prices.
Dig go away man. Stop with the chart nonsense. We are all wiser than that.
The guy has oder 1,000,000 shares and you think he doesn't want it to go up? How is that for a rebut?
27,450 holders of record are holders. So who makes up this daily volume? Its the programs doing whatever the big $$$ tells it to do. Meanwhile AAPL appears to be doing Jack about the buyback.
Meanwhile AAPL is half the market cap of a combined entity of MSFT/GOOG even though it has a greater balance sheet and annual earnings than both of them combined.
You buy things in life when they are cheap. So get to buying. Do you have a problem with th clearance rack?
Assuming AAPL retires $60b in share buyback at $500/share that would reduce AAPLs share count by 120,000,000 to 825m shares or a market cap of $350b for AAPL.
MSFT + GOOG combined market cap is $600b vs $400b for AAPL
The reason this is significant is because AAPLs balance sheet net tangible equity is $15b more than MSFT + GOOG.
And the annual earnings of AAPL are $7b more than MSFT + GOOG.
Anyone dare to counter those #s?
AAPL is at $405b market cap yet profits $40b/yr vs GOOGs $13b/yr and far superior balance sheet.
More proof that banks are just selling to banks. 27,450 holders of record are holders, not day traders.
Its the guys with billions filing their 13f on AAPL. They get out at the top and then orchestrate price manipulation to drive price into ground. Absolutely control the print media by paying for nonstop bashing. Then when the price is something nobody will touch they print another 13f indicating they are back in. This combined with the MMs and banksters robbing Americans of their hard earned cash. Not to mention the lunatic chartists and their nonsensical technical voodoo witchcraft that fuels the fire. After all is said and done, if you didn't have a position until now, you don't sweat entering a solid long term position of 100 shares.
Not to mention AAPL is only $100b greater market cap than GOOG yet pays more in taxes than they do profit.
Its nice seeing you are one of the 27,450. You represent less than 27,450 of 300m+ Americans as a holder of record of AAPL shares. Congrats to you for continual intellegent commentary and due diligence regarding AAPL. You are commended.
Another $1,000,000,000 in cash flows from operations posted to cash flow statement this week. Only 250 more weeks of that and the equity reaches $400b less buyback/dividend payouts. Fortunately, you/I and 27,448 other ELITE holders of record are undeterred from the media blitz and corruption orchestrated by big $$$. Keep buying until you own outright 100 shares and then every other $15k buy deep in the money calls at $250 strike.
Go to CHL page and read those articles. I did.
Your problem to me is your inability to determine value and secondly act upon it. Why can we do it but not you?