Russ sure did it to TBG shareholders. Strip mined all the money he could out of the company coffers and into his own pockets. The "improvements" cost millions on paper, but who can say what they really cost? It's obvious they've scammed millions and why give up a cash cow? Well for the officers it's a cash cow.
Or will his "brilliant" idea to launch a phone with a bigger screen save him? As near as I can tell that is his only contribution to the stock in his tenure. Innovation on new products appears to be dead and there is only so much money you can borrow to buy back stocks.
Given the weak forecast I think he has to go before it's too late. His reliance on China was extremely bad judgement and the money wasted on buybacks could have been better deployed by letting the stock drop. Now the big question is what will the new "baseline" be in terms of sales. Certainly there is a loyal enough core group of consumers to keep revenue from falling too much further, but that level remains to be seen.
The 10% dividend increase is nice, but I would rather pick up the stock at 70 then hold for this fall.
I mean how long can anyone put up with his say what you want to hear drivel? All he does is say what he hopes will happen. Clearly he never really thought there would be time when iPhone growth would stall and if he did what the f did he do to prepare for it?
Anyone who wanted a bigger phone has had two years to buy one (or will by the time the 7 is released). With only incremental changes to introduce demand will continue to fall for the new model, and it will fall relatively significantly. I would not want to be an owner of Apple when the initial sales figures come out for the 7 because they will be shockingly low. Cook will say its the best iPhone ever, but that clueless clown has no idea what is coming or how to change it.
There is nothing about the iPhone7 that will get people out to buy the phone in higher numbers than the 6s. They can keep buying back shares, but revenue is going to decline until at least Sept 2017 or they come out with something completely off the radar.
In short i would buy around $75-80, and my guess is it will get there when they announce the initial sales figures for the iPhone7 which are going to be far, far short of the last two releases.
Best of luck.
sales are going to continue to decline. Buy at $75
Other than being a stupid post, what exactly has Cook ever said that has moved the needle higher?
I'm in TD Ameritrade and my transaction typically shows up late in the day following the day it was paid. Whether I could technically get the money now or not I don't know, but it should show up tomorrow in your brokerage account.