They are doing something. Selling stock. All top apple executives show their lack of conviction as they sell all granted stock options hand over fist the moment they vest. Nobody holds any significant stake. Go back to 2010 to now and look at the dumping and timing. Look at their holdings. They don't believe so why should we
This is too much. Worst dow performer of the last year and getting worse. Icahn out. All tech and mainstream media hating on apple. Tim Cook just making thinner products of same stuff. Burning capital on a car that likely won't ever happen and if it does may not move the needle or even be successful. Cook refusing to acquire any major company and lets cash sit dead in the bank overseas.
This is not Steve Jobs Apple anymore and it is starting to show. I'm done. Out. Can't take it anymore. Every other stock going up and is loved like Amazon. Everyone hates apple stock.
So I just got back from lunch at Bridgewater NJ Chipotle location. Typically this is one of their busiest stores before the outbreak debacle. Lines most of the day out the door even as late as half hour before closing.
I went in there twice in the last two months not to eat but to see if they were busy and it was pretty dead the first time, like a ghost town. The second time it was a little busier but no more than one or two people on the line and maybe 15% of the tables occupied.
After the latest analyst note I was interested to see how they were doing today since I was in that area. I figured I would stop there and actually eat and watch the traffic. I got in there and maybe 5 people ahead of me on line. I ordered within one minute of walking in.
The line stayed pretty steady ( I arrived around 1PM) and actually grew over the next twenty minutes to the longest I've seen since this happened. Maybe about 15 people on the line and pretty steady with new patrons coming in. I would say about 2/3 of the tables were occupied by the time I left.
Just one data point at one location but it was a stark contrast to just a couple months ago when at peak lunch and dinner there was anywhere between 1-2 people online and just a couple tables occupied.
Hard to read much into just one location but I do find the mass psychology observation useful in these types of channel checks.