Mr. Jobs--Buy Back Apple's Stock

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Mar 2, 2008.

  1. macrumors bot

    Joined:
    Jul 5, 2003
    #1
  2. macrumors 65816

    stagi

    Joined:
    Feb 18, 2006
    #2
    Yes please buy back some stock!!!! We need a bump for AAPL
     
  3. macrumors G3

    QCassidy352

    Joined:
    Mar 20, 2003
    Location:
    San Francisco
    #3
    excellent idea for apple and for investors. The company is healthy and will rebound, and this will be a good show of apple's confidence in itself.
     
  4. macrumors regular

    Lord Sam

    #4
    Well, the stock has really underperformed, and this might show a bit of desperation. So far, despite every trick that Apple can pull off, their stock continues to lounge about at the bottom of the pool, and doesn't look like it's about to swim off anywhere on it's own.
     
  5. macrumors 6502a

    Joined:
    Apr 14, 2003
    #5
    I wish people would look at AAPL's chart

    over a realistic time interval, like, maybe, a WHOLE year!

    Historically speaking, AAPL in the 120's is great. That was an all-time high when Apple hit that for the first time in its history -- about a year ago.

    Sure, in the second half of '07, the stock went kind of wild. (Any of you other old timers like me will recognize the pattern that occurred in 2000.) Periodically, there will be a stampede of bulls that will run Apple's price way up, way too fast. (And no one wants to say, "Slow down, you are making me too rich too fast!") I have a feeling that there is a small cabal that does a pump-and-dump on the market.

    I just see that Apple is doing well in everything they are doing, so I remain optimistic about the company's future, and I don't give much weight to the periodic bouts of euphoria and depression of ignorant day-traders.

    Stock buybacks are a good way for the company to signal its optimism about its future, but Apple would only have to make a nominal purchase to give that signal and would not have to make a big dent on the cash reserve.
     
  6. macrumors newbie

    Joined:
    Dec 17, 2007
    #6
  7. macrumors P6

    IJ Reilly

    Joined:
    Jul 16, 2002
    Location:
    Palookaville
    #7
    Wrong! Apple never took a $100 million gift from Microsoft. They did take an investment, but it wasn't a gift, it was a settlement for a lawsuit, and it had nothing to do with staying in business, and it was $150 million. Even then, Apple had no debt and about $1 billion in cash on the balance sheet.
     
  8. macrumors newbie

    Joined:
    May 10, 2007
    #8
    Split

    Buyers don't need to double there money to buy a 24 thousand dollar something; even if, they could buy more shares. They need tv money, ironically computer money, maybe even a boob job but 24,000 doesn't by diddle squat. The company want us to forget tv's, computers, fun and everything else they used to stand for.
    I hope their moneys better than mine. They gave me some of mine back and it's been crappy. School's looking like I shouldn't invest in myself like that. Anyway thats the big money and it, like most things, sucks now.
    So do we sit around and try to make our computers make life worth living again or figure out how great the imaginary ladder of silicon isn't when we all sit and hate on whoever is living there life.
    We need inspiration, motivation and fun, things which we only wish we could buy long enough to part with our money.
    Passion enough to take that old scrouge money grubbing accountant off of more money than he'd ever spend in a day and back into the company of not only Apple but the rest of the world. I can see the piggy bank mansion emptying it self now like a scene from Duck Tales.
     
  9. macrumors regular

    Joined:
    Jul 24, 2005
    #9
    For sure. The writing was on the wall, and I wasn't about to get stuck like I did back then. I jumped out conservatively (~170) and mentioned it to my contacts who I know were holding AAPL. I watched it wobble all the way to the upside of $200 and that's the day I called them back and said SELL SELL SELL.

    I look back and still can't believe the climb of the past few years. If it weren't for solid fundamentals, continuously amazing products, a small countries worth of cash in the bank and superb leadership, I wouldn't have stayed on for the ride. Certainly not with most any other company.

    I'm waiting to get back in until the market settles down, and I think that's a while to come. There is money to be made riding the short AAPL roller coaster, but that's not for me.

    Ever notice how when a roller coaster shuts down for repairs during an afternoon at the amusement park, then suddenly reopens, people literally run to be first in line?

    Sorry folks, we just had to clean up a little blood on the track...

    (o.k., that went a little far, I'll admit.)
     
  10. TFM
    macrumors newbie

    Joined:
    Feb 26, 2008
    #10
    lol - i appreciate the analogy
     
  11. macrumors newbie

    Joined:
    Mar 17, 2008
    #11
    Well said.
     
  12. Guest

    MikeTheC

    Joined:
    Apr 26, 2004
    Location:
    Gallifrey -- Capitol City, Prydonian Sector
    #12
    ROFL...

    Damn, dude, that almost made me spit my drink out of my mouth!!! :)
     

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