What a joke this stock is. Sell products at a loss, have razor thin margins and that bald cackling idiot kicking the can down the road for a decade on actually performing with earnings. Glad this scam is coming to an end.
Why you behave as South Korean High School astroturfer that can construct a sentence with proper grammar?
This now puts Apples Q1 earnings over $15.00.
More multiple contraction. Unbelievable.
Apple is the most institutional owned stock in the ETIRE stock market. Could all THESE people be wrong? Could David Einhorn be wrong? Apple is Greenlight's number 1 holding? Could Bill Miller be wrong calling Apple a generational buy and a deep discount? Could Carl Icahn be wrong dumping 4 billion into the stock?
I don't know why I still come to this board. Once you ignore all of the morons sitting in their parents basement there are virtually no posters with anything of value to say left. There use to be some smart posters, but they have all moved-on. Occasionally, I will find a good post from someone on the ground in China or someone with a good understanding of the industry. But, those posts are few and far between.
Apple beats by 41 cents and prints more cash and goes down 10%. Something is wrong here.
You missed the point. Google confirmed today that they are a one trick pony. They haven't figured-out how to make money any other way that search. And, they likely won't ever. And search revenues are in secular decline.
They have 30 billion left in the buy-back. They should be hitting the ask and supporting the price. They should then announce an increase buy-back at the shareholders meeting in February.
It's his fault that they were supply constrained on the 5s. They made a HUGE miscalculation on the demand for the plastic 5c and therefore under-planned for the production of the 5s. That was a bush league mistake. And he is supposed to be a supply chain genius....