Not sure this really deserves a response, but here goes...there is no way on earth that apple will sell a million gold watches...or even 100k...or even 10k. I would think that they would be busting it if they sell a thousand of them. Who wants a watch that is going to be technologically obsolete in a couple years...especially a gold one...they won't even make decent paperweights. I might be wrong, but I think this is the equivalent of 3D tvs...the watch only works if you have a new iphone in your pocket. If they came with the iphone for free or cost 49.95, maybe...we will see.
Let's not confuse self-interested capitalists with "long time loyal shareholders". I am "loyal" only as long as management makes sound decisions that increase the value of the stock. The latest decision of management makes it difficult to remain "loyal" as they are triggering a tax event where none is absolutely necessary. If one believes that the tax inversion is absolutely accretive on a continuing basis and that the acquisition involved makes the company a better earnings model, then perhaps one can make a case that a shareholder should pay the tax and hold the stock going forward. Those are pretty big assumptions...especially in light of the fact that management is paying for the taxes that management will incur in the transaction. That fact alone makes me think that the mid-term may not be so great and that if there is going to be a "payoff" it will be well down the road...and only if their decisions about our company work out for the best. I am dubious of the mid-term prospects and am opposed to the transaction as being totally tone deaf to the best interests of the shareholders that are not on the management team.