He was silent last Q and the stock is down $150 points...I'm afraid to think what might happen this Q. The really sad thing is that they actually beat last Q, but offered terrible guidance. I suspect this Q's guidance may be even worse.
Is it possible that Apple, behind closed doors, doesn't really have anything great in the pipeline? Tim Cook is incompetent as a CEO...that is obvious. He might be a great supply chain/production guy, but he lacks all the passion and statesmanship to be a great CEO. True geniuses like Jobs can be as arrogant and stand-offish as they want and people will believe in the company. Cook has accomplished nothing. Please don't bring up the fact that the stock is up slightly during his tenure, because that initial pop was off Jobs coattails. Tim Cook has oversaw billions of dollars of lost shareholder wealth, and has brought nothing significant to market. He has zero personality and would not be able to calm investors/WS even if he did speak.
Meanwhile, revenues are flat, margins are eroding rapidly, and Apple is bleeding market share. We keep complaining that the stock is trading at 10x earnings not including cash, but that multiple is based on $40+ per share in earnings in 2013 which is clearly way too high, unless Apple delivers something special which, by all accounts, is not going to happen? Don't get me wrong, I don't believe in the efficient market theory, and I believe even if 2013 earnings come in at $30/share, Apple is still undervalued.
I have been long for a while now and am certainly not going to sell today or at these levels, but I don't know how much more pain I can tolerate.
Ahh. The FB I know and love has returned. The market is down less than 1% and loser FB is down 4% with no end in sight. We may end up in the mid 26's today. I love dropping $10K a day on this POS.
All the analysts say the market is going to correct, yet we keep going up. When the analysts all say to sell, is the time to buy.
Seems to be tanking. Thanks a lot. I thought I was the only one who could directly affect stock prices in a negative fashion.
It won't close red but it will give up most of the gains because it is a POS stock, which of course I own a bunch of.
Downgrade the stock last night and FB shakes it off to head into the green, then some analyst you never heard of downgrades to sell, in the middle of the day no less, to try and take the stock down again. I get so tired of the crooked WS game.
Very few things are guaranteed in this life, but here they are:
3. Apple's stock will plummet every time their arrogant POS CEO Cook opens his mouth.