The price of C when the reverse 10 for 1 split took place was in the low $4.00 area. I thought I was being smart and brought just before the split. At 47.17 my portfolio show even. Needless to say it was a bad call on my part. Now that I've held it so long I'll continue the ride hoping to make a little to recover from the last several years of dead money.
Mr. Cook is said to be a genius of logistics. Why then have there been so many supply issues this past year?
Mr. Cook has also stated that Apple has done their research and knows the size screens the consumer wants. Why then is the media showing templates of the 5s with the same screen size when the masses want a larger screen? Mr. Cook has talked about how Apple is discussing the return of cash to the share holders and it hasn't happened yet? What is to be gained by holding off the increase. If a decision has been made to delay it why not be open and tell us when the event will happen? Mr. Cook, why not let the world know what's on the drawing board? It seems the only ones that don't know are the shareholders? Finally Mr. Cook the honorable thing to do is not to apologize but to resign. You can no longer ride on the wave of Mr. Job's greatest. The stock price can't go much lower. The shareholders have nothing now to lose if you depart. Take the high road and end this carnage.
It seems there are a few things Mr. Cook could do right now to stop the bleeding. 1. Post earning early. 2.Announce the buyback and dividend plan. 3. Stop the secrecy and attack the malicious false stories and negatives rumors about the company.4. Release the numbers for iphones,ipads,computers,itunes etc.
5. Let us know what's in the pipeline. Surely the competition does. 6. Resign
“I lay in bed the night before the fishing trip and thought it over, about my being deaf, about the years of not letting on I heard what was said, and I wonder if I can ever act any other way again. But I remembered one thing: it wasn't me that started acting deaf; it was people that first started acting like I was too dumb to hear or see or say anything at all.”
― Ken Kesey, One Flew Over the Cuckoo's Nest
One more thing. Analysts don't have any skin in the game.
I'm tired of all the negative misleading non news stories. I'm tired of Cook apologizing twice and then giving the Chinese a better deal then the U.S. I'm tired of Apple being so secretive. I'm tired of waiting for new products, and waiting for Apple to hit the bottom. I'm tired of waiting for a dividend increase or buyback. I'm tired of reading about leaks, supply problems, production delays etc. . I'm tired of believing in Apple. Finally, I'm tired of the way Apple treats its shareholders.
Apple's facing critical reports on China Central Television and Communist Party mouthpiece the People's Daily slamming the company's customer service and warranty practices. When the state media hit out at Yum! Brands in 2012, its brand was damaged and sales fell. In 2009, a CCTV report on pornography in Google search results presaged the company's exit from China's internet search market.
A hit to China sales would be bad for Apple. Greater China accounted for 12% of the company's global revenue in the first quarter of 2013. Sales growth of 67% year-on-year massively outpaced 18% growth for the company as a whole.
The early signs, though, suggest Chinese consumers are not swayed by the negative publicity. An impromptu online poll run by financial magazine Caijing found most readers saying the real rotten apples in the barrel were China's domestic firms. Others noted that China has bigger problems than phone warranties, including a thousand-plus dead pigs found floating in Shanghai's Huangpu river.
The bigger risk for Apple, though, is that a pounding in the state media signals the beginning of hostile treatment from China's government. Delays on approving new models for sale, for example, could result in Apple losing market share as rivals roll out phones with more innovative features. Chinese smartphone makers like Lenovo, Huawei and ZTE would likely benefit, though the biggest winner would probably be Samsung, whose high-end phones compete more directly with the iPhone.
For now, Apple's brand appears robust. But if the state makes it more difficult to reach China's consumers, sales will still take a meaningful hit.
A company may buyback its shares without shareholders’ resolution, to the extent of 10% of its paid up equity capital and reserves. However, if a company intends to buyback its shares to the extent of 25% of its paid up capital and reserves/ then the same has to be approved by Shareholders Resolution as specified in Section 77 A of Companies Act, 1956.
Thanks for your post. I thought I was along in not believing what was posted as "news". Like you I have posted "when news isn't" etc. without any response. It is encouraging to see that many agree with your opinion and have added their comments. Responding back to Yahoo on how to improve the site is a joke. Like others commenting, I have suggested an ignore option to the "news" feeds. Still waiting for their response.
BEIJING—The Chinese Communist Party's main propaganda outlet assailed Apple Inc.'s AAPL +1.52% customer-service practices, the latest indication that China might move to check foreign companies' domination of the country's smartphone market.
The People's Daily newspaper, the party's traditional mouthpiece, in a front-page article on Monday accused the electronics maker of declining journalists' requests for interviews and issuing an "empty and self-praising" response to a recent critical report by China's national television broadcaster. The article was accompanied by a cartoon with a figure representing the company, saying, "Apple statement: empty."
An Apple spokeswoman declined to comment on the article. China is Apple's second-largest market, after the U.S.
Though it can be difficult to predict government behavior based on news coverage in China's state-run media, analysts said the string of attacks suggested that the government is considering doing more to encourage the growth of domestic smartphone companies and eat away at dominant foreign companies, such as Apple.
The criticism means "that in establishment circles, there is a level of acceptance that it is OK to go against this company, which can mean there's trouble down the road," said Jeremy Goldkorn, director of Danwei.org, which researches Chinese media.
China's state-controlled media has amped up criticism of foreign companies over the past year, in recent months targeting Germany's Volkswagen AG VOW3.XE +0.32% and the KFC chain of U.S.-based Yum Brands Inc. YUM +1.62%
It wasn't clear whether the People's Daily article and the critical television broadcast that preceded it would have a significant impact.
The China Central Television broadcast accused Apple of skirting warranty periods and adopting customer-service policies for Chinese customers that differed from the company's practices in other countries.
Apple, which is based in Cupertino, Calif., has responded that it takes customer concerns
I agree with you levinstein and I'm long. The shorts have had a wonderful run. Great job. It does however look like the sentiment is changing in hopes of an increased dividend/buyback. I believe that whatever the outcome the shares will go lower on the news or because there is no news. Apple has been a company that both longs and shorts can make money. Good luck to all.
Actually the rumor reported on Bloomberg was for 56% increase =$4.11. Let's keep our rumors correct.
I am using a Mac Pro . There is no ignore function using Safari or Firefox. The function key use to be found by clicking reply. When using a search, I realize many are without this vital function. I have also attempted to contact Yahoo only to find what I already knew. Hope you or someone can help. Thanks in advance.
You must not be aware that many do not have the ignore function.
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It appears Misek is the White Knight saving potential share holders from buying apple. Sad when a writer becomes the news. Perhaps he should have said something when apple was approaching $700. Seems everyone now is jumping on the "Bloomberg West" questioning if Apple is loosing market share to the younger crowd. Show us the research instead of "stating sources". Tell us what components are more expensive instead of dancing around the subject. Report your DD, not just paraphrase.
SPEAKING OF APPLE, and what ails it, Berkshire Hathaway's Warren Buffett spent three hours on CNBC last Monday morning dispensing his customary wit and wisdom on a variety of topics, including Apple.
Asked about the stock's 41% drop in the last five months, Buffett reminded viewers that Berkshire has tanked by 50% four different times in its history and always came roaring back. Each time, someone advised Buffett to pay a dividend to boost the shares, and each time Buffett demurred.
Asked about hedge-fund activist David Einhorn's call for Apple to issue preferred shares, Buffett's counsel was simple. "I would ignore him," he said. "I would run the business to create the most value over the next five or 10 years. You can't run a business to try to run the stock up everyday."
CNBC's commentators quickly ignored that patient view and resumed their hand-wringing about Apple after the segment.